Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Variational Omni against RISEx−0.025%7-day average −0.072% · you buy dearer than you sell

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 7 days−0.139%−$14 · spread now −0.025%, 7d avg −0.072%

Together, before fees−0.279%+ Points / potential airdropVariational Omni: Active · farm board−$28 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 0.048% dearer against RISEx than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	97.321	0	get 0.0000% / 1h	22m 54s	$2.4M	$1.7M	20x
Short	Variational Omni BZ	97.297	0	get 0.0000% / 4h	3h 22m	$9.3M	$6.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.072%: $4.77
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.23
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: 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 RISEx live order book, 1 min ago	0.15 bp	3.2 bp −$3	4.5 bp −$45	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	3.5 bp −$35	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	96.628	−0.712%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.052%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0020%	4h	97.330	+0.009%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.360	+0.040%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.333	+0.012%	$147.2M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.320	−0.001%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.330	+0.009%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	97.321	long leg	$2.4M	$1.7M	20x
Gate BZ_USDT	0.0000%	8h	97.300	−0.022%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.330	+0.009%	$27.9M	$16.6M	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	97.297	−0.025%	$9.3M	$6.9M	—
GRVT BZ_USDT_Perp	0.0000%	4h	97.313	−0.008%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	+0.040%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.340	+0.019%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.240	−0.083%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	+0.163%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.338	+0.017%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.879	+0.573%	—	—	—	as long as short
Vest BZ-PERP	+0.0027%	1h	101.39	+4.181%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.330	+0.009%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.349	+0.029%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.336	+0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.349	+0.029%	$153.7M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.378	+0.058%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.280	−0.042%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.321	0.000%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	97.330	+0.009%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0098%	1h	97.347	+0.027%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	+0.071%	$3.8M	$853K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	+0.050%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0257% / S −0.1401%	1h	97.335	+0.014%	$115K	—	111x	as long as short