BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.07 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against edgeX+0.019%59s7-day average +0.004% · you sell dearer than you buy

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.019%, 7d avg +0.004%

Together, before fees−0.071%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX BZUSDC	97.149	0.0014	pay 0.0007% / 4h	3h 54m	$223K	$226K	20x
Short	Variational Omni BZ	97.168	0	get 0.0000% / 4h	3h 54m	$9.4M	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now +0.019%Rate

Funding earned: −$3.03
Price spread: +0.019% → +0.004%: $1.52
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.51
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 63 min ago; Variational Omni: RFQ quote, 5 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 edgeX live order book, 63 min ago	10.27 bp	14.8 bp −$15	15.6 bp −$156	60.4 bp −$6,042	doesn't fit
Sell Variational Omni RFQ quote, 5 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	96.333	−0.840%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.050	−0.102%	$233K	$438K	15x	as long as short
BloFin BZ-USDT	−0.0011%	4h	97.200	+0.052%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.139	−0.011%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.178	+0.030%	$147.1M	$368.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.170	+0.021%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.160	+0.011%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.155	+0.006%	$2.4M	$1.7M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	97.190	+0.042%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.110	−0.040%	$9.2M	$12.1M	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	97.170	+0.021%	$27.8M	$16.6M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	97.168	+0.019%	$9.4M	$6.8M	—
GRVT BZ_USDT_Perp	0.0000%	4h	97.187	+0.038%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.200	+0.052%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.190	+0.042%	$104K	$238K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	−0.071%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.200	+0.052%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.723	+0.591%	—	—	—	as long as short
edgeX BZUSDClong	+0.0014%	4h	97.149	long leg	$223K	$226K	20x
Vest BZ-PERP	+0.0031%	1h	101.21	+4.180%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.170	+0.021%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.168	+0.019%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.159	+0.010%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.201	+0.053%	$153.3M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.224	+0.077%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.130	−0.020%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.184	+0.036%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.210	+0.063%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	+0.032%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0118%	1h	97.144	−0.005%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0226% / S −0.0240%	1h	97.185	+0.037%	$126K	—	111x	as long as short