Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: Ondo Perps against SunX−0.062%7-day average −0.064% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.355%+$36 · spread now −0.062%, 7d avg −0.064%

Together, before fees+0.457%+ Points / potential airdropOndo Perps: Active · farm board+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	97.240	0	get 0.0000% / 4h	1h 03m	$4K	$2.5M	20x
Short	Ondo Perps BRENT-USD.P	97.180	0.0050	get 0.0006% / 1h	3m 00s	$3.1M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.062%Rate

Funding earned: $10.58
Price spread: −0.062% → −0.064%: $0.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$2.16
Costs to cover: 0.130%
Break-even: 8.4 days

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	18.54 bp	22.5 bp −$23	30.6 bp −$306	doesn't fit	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	96.141	−1.130%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.257%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0002%	4h	97.140	−0.103%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.183	−0.058%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.150	−0.093%	$147.0M	$372.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.180	−0.062%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.140	−0.103%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	−0.034%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.230	−0.010%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.120	−0.123%	$9.2M	$12.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.180	−0.062%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.086	−0.158%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.075	−0.169%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.240	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.170	−0.072%	$104K	$248K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−0.247%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.160	−0.082%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	97.092	−0.152%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.726	+0.500%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	−0.072%	$3.3M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.179	−0.062%	$675K	$4.6M	10x	as long as short
Vest BZ-PERP	+0.0039%	1h	101.24	+4.114%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.225	−0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.162	−0.080%	$152.3M	$125.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.254	+0.014%	$1.6M	$444K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	97.180	−0.062%	$3.1M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	97.210	−0.031%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.130	−0.113%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0116%	1h	97.102	−0.142%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0187% / S +0.0022%	1h	97.185	−0.057%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.208	−0.033%	$84K	$218K	20x	as long as short