BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.022%

Price spread now: Variational Omni against Coinbase International−0.042%7-day average +0.091% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.233%+$23 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.042%, 7d avg +0.091%

Together, before fees+0.321%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.134% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.091%). If the spread goes back, that is −$13 on $10k: about 3.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	96.650	−0.0136	get 0.0017% / 1h	8m 20s	$234K	$440K	15x
Short	Variational Omni BZ	96.609	0	get 0.0000% / 4h	3h 08m	$9.3M	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: $28.56
Price spread: −0.042% → +0.091%: −$13.38
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.18
Costs to cover: 0.100%
Break-even: 5.7 days

Slippage unknown: Coinbase International: live order book, 65 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 Coinbase International live order book, 65 min ago	1.56 bp	6.7 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	3.7 bp −$37	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	−0.951%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0136%	1h	96.650	long leg	$234K	$440K	15x
BloFin BZ-USDT	−0.0021%	4h	96.690	+0.041%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.631	−0.020%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.630	−0.021%	$145.7M	$404.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.610	−0.041%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.610	−0.041%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.617	−0.034%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.570	−0.083%	$9.2M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.630	−0.021%	$27.6M	$17.9M	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	96.609	−0.042%	$9.3M	$7.4M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.640	−0.010%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.650	0.000%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.650	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.580	−0.072%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.650	0.000%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	96.589	−0.063%	$221K	$232K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.165	+0.533%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.645	−0.005%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.630	−0.021%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.633	−0.018%	$723K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0036%	1h	96.610	−0.041%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0045%	8h	96.624	−0.026%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.67	+4.159%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.641	−0.009%	$151.6M	$137.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.684	+0.035%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.660	+0.010%	$3.8M	$932K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.620	−0.031%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	96.680	+0.031%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0199% / S +0.0128%	1h	96.635	−0.016%	$125K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0348%	1h	96.656	+0.007%	$7K	$45K	5x	as long as short