BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.3% APRpaid last 24h −0.003%

Price spread now: Variational Omni against gTrade (Gains Network)−0.529%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Variational Omni is 0.529% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$53 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	96.973	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	32m 23s	—	—	—
Short	Variational Omni BZ	96.460	0	get 0.0000% / 4h	3h 32m	$9.3M	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee Variational OmnibpOrdersPrice spread, now −0.529%Rate

Funding earned: −$2.4
Price spread: −0.529% → 0.000%: −$52.91
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$65.3
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): no order-book sample; Variational Omni: RFQ quote, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	2.63 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	95.669	−1.345%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.931%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.435	−0.555%	$33K	—	111x	as long as short
BloFin BZ-USDT	−0.0058%	4h	96.460	−0.529%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.489	−0.499%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.432	−0.558%	$145.6M	$425.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.450	−0.539%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.430	−0.560%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.464	−0.525%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.390	−0.601%	$9.2M	$14.3M	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	96.450	−0.539%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	96.460	−0.529%	$9.3M	$7.5M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.460	−0.529%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.460	−0.529%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.460	−0.529%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.440	−0.550%	$307K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	−0.519%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	96.973	long leg	—	—	—
edgeX BZUSDC	+0.0014%	4h	96.470	−0.518%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.464	−0.525%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0025%	1h	96.410	−0.581%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.480	−0.508%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.439	−0.550%	$749K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.468	−0.521%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.52	+3.658%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.467	−0.522%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.499	−0.489%	$1.5M	$511K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	96.500	−0.488%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.500	−0.488%	$3.8M	$986K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.480	−0.508%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0449%	1h	96.487	−0.502%	$7K	$45K	5x	as long as short