Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.710%7-day average −0.043% · you sell dearer than you buy

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$9 on $10k

Price spread, last 4 days (all we have)−0.481%−$48 · spread now +0.710%, 7d avg −0.043%

Together, before fees−0.396%+ Points / potential airdropVariational Omni: Active · farm board−$40 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 0.754% dearer against SunX than usual: you sell high and buy low, +$75 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	95.850	0	get 0.0000% / 4h	3h 12m	$4K	$2.1M	20x
Short	Variational Omni BZ	96.531	0	get 0.0000% / 4h	3h 12m	$9.4M	$6.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now +0.710%Rate

Funding earned: $0
Price spread: +0.710% → −0.043%: $75.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $67.36
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; 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 SunX live order book, 5 min ago	18.61 bp	22.6 bp −$23	37.6 bp −$376	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.63 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0376%	1h	95.770	−0.083%	$98K	$269K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	+0.513%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0112%	4h	96.478	+0.656%	$13K	$327K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0096%	1h	95.990	+0.146%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.930	+0.083%	$275K	$583K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.910	+0.063%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.852	+0.002%	$81K	$201K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.824	−0.027%	$332K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.810	−0.042%	$146.5M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.800	−0.052%	$10.1M	$14.0M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.810	−0.042%	$16.0M	$21.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.820	−0.031%	$9.1M	$10.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.830	−0.021%	$27.6M	$19.9M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	96.531	+0.710%	$9.4M	$6.2M	—
SunX BRENTOIL-USDTlong	0.0000%	4h	95.850	long leg	$4K	$2.1M	20x
HTX BRENTOIL-USDT	0.0000%	4h	95.940	+0.094%	$275K	$252K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.050	+0.209%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	99.700	+4.017%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.351	+0.523%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.340	+0.511%	$1.5M	$100K	50x	as long as short
edgeX BZUSDC	+0.0019%	4h	96.527	+0.706%	$223K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.850	0.000%	$3.4M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.880	+0.031%	$744K	$2.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	95.950	+0.105%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.880	+0.031%	$151.7M	$120.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.000	+0.156%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	96.622	+0.806%	$7K	$39K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0080%	1h	96.090	+0.250%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	+0.031%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.550	+0.730%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0705%	1h	95.805	−0.047%	$33K	—	111x	as long as short