Funding arb · Price arb /

BZ

RWAall BZ markets

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 Binance−0.058%7-day average −0.034% · you buy dearer than you sell

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

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.058%, 7d avg −0.034%

Together, before fees+0.036%+ Points / potential airdropVariational Omni: Active · farm board+$4 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 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.314	0	get 0.0000% / 4h	45m 38s	$147.1M	$371.3M	100x
Short	Variational Omni BZ	97.257	0	get 0.0000% / 4h	45m 38s	$9.4M	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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 BinancebpFee Variational OmnibpOrdersPrice spread, now −0.058%Rate

Funding earned: $0
Price spread: −0.058% → −0.034%: −$2.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.41
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; Variational Omni: RFQ quote, 4 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 Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	6.8 bp −$68	14.1 bp −$1,411	54.6 bp −$27.3K
Sell Variational Omni RFQ quote, 4 min ago	2.62 bp	doesn't fit	4.3 bp −$43	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	96.376	−0.963%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.076%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.230	−0.086%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.291	−0.023%	$338K	$954K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.314	long leg	$147.1M	$371.3M	100x
Bybit BZUSDT	0.0000%	8h	97.280	−0.034%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.290	−0.024%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.296	−0.019%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.240	−0.076%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.310	−0.004%	$27.5M	$16.3M	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	97.257	−0.058%	$9.4M	$6.8M	—
GRVT BZ_USDT_Perp	0.0000%	4h	97.264	−0.051%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.300	−0.014%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	−0.034%	$104K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.200	−0.117%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.270	−0.045%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.213	−0.103%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.830	+0.531%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.320	+0.007%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.327	+0.014%	$676K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0036%	1h	101.30	+4.097%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.303	−0.011%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.333	+0.020%	$152.6M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.313	−0.001%	$1.6M	$469K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.240	−0.076%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.290	−0.024%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.330	+0.017%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	−0.096%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.262	−0.053%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.300	−0.014%	$84K	$213K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0009%	1h	97.265	−0.050%	$126K	—	111x	as long as short