BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Ondo Perps against Lighter−0.041%7-day average −0.091% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.041%, 7d avg −0.091%

Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.050% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	96.580	0.0032	pay 0.0004% / 1h	22m 34s	$3.4M	$4.3M	20x
Short	Ondo Perps BRENT-USD.P	96.540	0.0034	get 0.0004% / 1h	22m 34s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Ondo PerpsbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.5
Price spread: −0.041% → −0.091%: $5
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $0.51
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 5 min ago	0.52 bp	0.5 bp −$1	0.6 bp −$6	6.1 bp −$612	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BRENT/USDC PERP	−0.0220%	1h	95.669	−0.943%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.528%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.565	−0.016%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.588	+0.008%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.641	+0.063%	$145.8M	$421.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.630	+0.052%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.620	+0.041%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.602	+0.022%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.570	−0.010%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.590	+0.010%	$27.6M	$19.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.459	−0.125%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	−0.080%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.560	−0.021%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.590	+0.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.093%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.570	−0.010%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.107	+0.545%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.500	−0.083%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.499	−0.084%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.576	−0.004%	$83K	$235K	20x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	96.580	long leg	$3.4M	$4.3M	20x
Extended XBR-USD	+0.0032%	1h	96.611	+0.032%	$746K	$5.4M	10x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0034%	1h	96.540	−0.041%	$3.1M	$1.1M	15x
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.590	+0.010%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	96.568	−0.013%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.60	+4.162%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.592	+0.012%	$151.5M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.590	+0.010%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.590	+0.010%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.083%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0406%	1h	96.525	−0.057%	$7K	$45K	5x	as long as short