Funding you earn now, next payment 09:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h −0.002%
Price spread now: tradeXYZ against Ondo Perps+0.220%53s7-day average +0.106% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.226%−$23 · spread now +0.220%, 7d avg +0.106%
=Together, before fees−0.216%+ Points / potential airdropOndo Perps: Active · tradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and tradeXYZ is 0.114% dearer against Ondo Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.106%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BRENT-USD.P | 97.130 | −0.0076 | get 0.0010% / 1h | 33m 55s | $3.1M | $1.0M | 15x |
| Short | tradeXYZ xyz:BRENTOIL | 97.344 | 0.0050 | get 0.0006% / 1h | 33m 55s | $155.5M | $115.8M | 20x |
Ondo Perps BRENT-USD.P
tradeXYZ xyz:BRENTOILFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Ondo Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $26.46
- Price spread: +0.220% → +0.106%
- $11.41
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $14.87
- Costs to cover
- 0.230%
- Break-even
- 3.1 days
Slippage unknown: Ondo Perps: no order-book sample; tradeXYZ: live order book, 5 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 5 min ago | 0.05 bp | 9.1 bp −$9 | 9.2 bp −$92 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit BRENTOIL_USDC-PERPETUAL | −0.0264% | 1h | 97.150 | +0.021% | $100K | $263K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.342 | −0.811% | $8K | $7K | 30x | as long as short |
| Ondo Perps BRENT-USD.Plong | −0.0076% | 1h | 97.130 | long leg | $3.1M | $1.0M | 15x | |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.080 | −0.051% | $236K | $405K | 15x | as long as short |
| RISEx BZ/USDC | −0.0039% | 1h | 97.228 | +0.101% | $2.4M | $1.8M | 20x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.206 | +0.078% | $82K | $197K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.280 | +0.154% | $338K | $735K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.280 | +0.154% | $148.7M | $355.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.280 | +0.154% | $10.3M | $13.4M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.300 | +0.175% | $16.2M | $20.0M | 50x | as long as short |
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Kraken Futures PF_BRENTOILUSD
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 97.210 | +0.082% | $9.2M | $10.5M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.300 | +0.175% | $28.0M | $18.9M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.329 | +0.205% | $9.4M | $6.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.354 | +0.230% | $13K | $331K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.190 | +0.062% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.270 | +0.144% | $279K | $251K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.250 | +0.124% | $1.2M | $83K | 100x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0008% | 1h | 97.420 | +0.299% | $34K | — | 20x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.21 | +4.201% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.872 | +0.764% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0020% | 4h | 97.354 | +0.231% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.190 | +0.062% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.289 | +0.164% | $751K | $2.7M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0047% | 8h | 97.247 | +0.121% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOILshort | +0.0050% | 1h | 97.344 | +0.220% | $155.5M | $115.8M | 20x | |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.250 | +0.124% | $1.6M | $344K | 20x | as long as short |
| BloFin BZ-USDT | +0.0057% | 4h | 97.310 | +0.185% | $1.5M | $100K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0072% | 1h | 97.379 | +0.256% | $7K | $39K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.240 | +0.113% | $3.8M | $799K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.380 | +0.257% | $26K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.225 | +0.098% | $115K | — | 111x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Phemex XBRUSDT
Hotstuff BRENTOIL-PERP
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
Polymarket Perps BRENTOIL-USD
BloFin BZ-USDT
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]