Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Variational Omni against Aster−0.076%7-day average −0.023% · you buy dearer than you sell

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

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.260%−$26 · spread now −0.076%, 7d avg −0.023%

Together, before fees−0.249%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$25 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: Variational Omni is 0.053% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BZUSDT	96.704	0	get 0.0000% / 4h	3h 13m	$336K	$1.2M	50x
Short	Variational Omni BZ	96.630	0	get 0.0000% / 4h	3h 13m	$9.3M	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. 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 AsterbpFee Variational OmnibpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → −0.023%: −$5.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.31
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; Variational Omni: RFQ quote, 1 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 Aster live order book, 4 min ago	2.07 bp	6.1 bp −$6	8.9 bp −$89	92.1 bp −$9,213	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	4.2 bp −$42	doesn't fit	doesn't fit

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	95.731	−1.006%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.056%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0003%	4h	96.640	−0.066%	$1.5M	$92K	50x	as long as short
Aster BZUSDTlong	0.0000%	4h	96.704	long leg	$336K	$1.2M	50x
Binance BZUSDT	0.0000%	4h	96.669	−0.036%	$145.7M	$405.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.630	−0.076%	$10.4M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.640	−0.066%	$15.9M	$24.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.664	−0.041%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.640	−0.066%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.660	−0.045%	$27.6M	$18.0M	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 BZshort	0.0000%	4h	96.630	−0.076%	$9.3M	$7.4M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.673	−0.032%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.690	−0.014%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.700	−0.004%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.500	−0.211%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.680	−0.024%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	96.651	−0.055%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.201	+0.514%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.690	−0.014%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.701	−0.003%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.690	−0.014%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.681	−0.024%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.620	−0.087%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0045%	8h	96.668	−0.037%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.70	+4.133%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.697	−0.007%	$151.7M	$139.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.712	+0.009%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.720	+0.017%	$3.8M	$970K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.680	−0.024%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0133%	1h	96.675	−0.030%	$121K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0363%	1h	96.627	−0.079%	$7K	$45K	5x	as long as short