Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%
Price spread now: Variational Omni against Paradex−0.039%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.039% cheaper against Paradex than usual: you would sell low and buy high (−$4 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 | Paradex BZ-USD-PERP | 97.205 | 0.0050 | pay 0.0050% / 8h | 4h 24m | $3K | $336 | 5x |
| Short | Variational Omni BZ | 97.167 | 0 | get 0.0000% / 4h | 24m 12s | $9.4M | $6.8M | — |
Paradex BZ-USD-PERP
Variational Omni BZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$10.48
- Price spread: −0.039% → 0.000%
- −$3.94
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$18.42
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 2.62 bp | doesn't fit | 2.6 bp −$26 | doesn't fit | doesn't fit |
Paradex: 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 | 96.571 | −0.653% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0096% | 1h | 97.240 | +0.036% | $234K | $437K | 15x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0008% | 1h | 97.240 | +0.036% | $34K | — | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.220 | +0.015% | $338K | $954K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.205 | 0.000% | $147.0M | $370.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.210 | +0.005% | $10.4M | $12.9M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.210 | +0.005% | $16.1M | $20.2M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.196 | −0.010% | $2.2M | $1.4M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.160 | −0.047% | $9.2M | $12.2M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.210 | +0.005% | $27.6M | $16.5M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Hotstuff BRENTOIL-PERP
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZshort | 0.0000% | 4h | 97.167 | −0.039% | $9.4M | $6.8M | — | |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.210 | +0.005% | $28K | $352K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.230 | +0.025% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.230 | +0.025% | $104K | $232K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.160 | −0.047% | $279K | $268K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.330 | +0.128% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.764 | +0.575% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0015% | 4h | 97.193 | −0.013% | $223K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.230 | +0.025% | $3.3M | $4.7M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.218 | +0.013% | $680K | $4.4M | 10x | as long as short |
| Vest BZ-PERP | +0.0032% | 1h | 101.24 | +4.151% | — | $735K | 10x | as long as short |
| BloFin BZ-USDT | +0.0049% | 4h | 97.190 | −0.016% | $1.5M | $92K | 50x | as long as short |
| Paradex BZ-USD-PERPlong | +0.0050% | 8h | 97.205 | long leg | $3K | $336 | 5x | |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.246 | +0.042% | $153.3M | $125.5M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.259 | +0.055% | $1.6M | $491K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.150 | −0.057% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.250 | +0.046% | $3.8M | $871K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.240 | +0.036% | $25K | $274K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0104% | 1h | 97.281 | +0.078% | $7K | $43K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0142% | 1h | 97.213 | +0.008% | $84K | $206K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0201% / S −0.0074% | 1h | 97.205 | 0.000% | $126K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
BloFin BZ-USDT
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
KuCoin BZUSDTM
ApeX Omni BZUSDT
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]