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 0.000%

Price spread now: Variational Omni against Bitget0.000%7-day average −0.025% · you sell dearer than you buy

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

Long on Bitget Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.091%+$9 on $10k

Price spread, last 7 days−0.023%−$2 · spread now 0.000%, 7d avg −0.025%

Together, before fees+0.069%+ Points / potential airdropVariational Omni: Active · farm board+$7 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 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	96.630	0	get 0.0000% / 4h	3h 13m	$27.6M	$18.0M	100x
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 Bitget. 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 BitgetbpFee Variational OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.025%: $2.48
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.52
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.52 bp	6.5 bp −$7	8.5 bp −$85	26.1 bp −$2,608	61.7 bp −$30.9K
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	−0.930%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	+0.021%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0057%	4h	96.640	+0.010%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.650	+0.020%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.633	+0.003%	$145.7M	$406.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.620	−0.010%	$10.4M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.620	−0.010%	$15.9M	$24.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.664	+0.035%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.590	−0.041%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	96.630	long leg	$27.6M	$18.0M	100x

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	0.000%	$9.3M	$7.4M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.673	+0.044%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.670	+0.041%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.660	+0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.500	−0.135%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.620	−0.010%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	96.651	+0.021%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.185	+0.574%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	96.690	+0.062%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.668	+0.039%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.640	+0.010%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.640	+0.010%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.620	−0.010%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0045%	8h	96.668	+0.039%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.70	+4.212%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.660	+0.031%	$151.6M	$139.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.712	+0.085%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.660	+0.031%	$3.8M	$966K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.680	+0.052%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0132%	1h	96.655	+0.026%	$121K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0358%	1h	96.660	+0.032%	$7K	$45K	5x	as long as short