Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Variational Omni against tradeXYZ−0.302%7-day average −0.034% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 7 days+0.305%+$31 · spread now −0.302%, 7d avg −0.034%
=Together, before fees+0.306%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.267% cheaper against tradeXYZ than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.034%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:BRENTOIL | 97.833 | 0.0050 | pay 0.0006% / 1h | 58m 21s | $155.7M | $115.6M | 20x |
| Short | Variational Omni BZ | 97.538 | 0 | get 0.0000% / 4h | 58m 21s | $9.4M | $6.8M | — |
tradeXYZ xyz:BRENTOIL
Variational Omni BZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against tradeXYZ. 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
- −$10.5
- Price spread: −0.302% → −0.034%
- −$26.72
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$55.22
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.05 bp | 9.3 bp −$9 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.62 bp | doesn't fit | 3.6 bp −$36 | 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 | 96.970 | −0.882% | $8K | $7K | 30x | as long as short |
| BloFin BZ-USDT | −0.0058% | 4h | 97.750 | −0.085% | $1.5M | $96K | 50x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.700 | −0.136% | $237K | $415K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.827 | −0.006% | $340K | $880K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.815 | −0.019% | $148.7M | $352.8M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.810 | −0.024% | $10.2M | $13.3M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.830 | −0.003% | $16.1M | $19.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 97.779 | −0.055% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.770 | −0.064% | $9.3M | $10.7M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.810 | −0.024% | $28.0M | $18.2M | 100x | as long as short |
Injective BRENT/USDC PERP
BloFin BZ-USDT
Coinbase International BRENTOIL-PERP-INTX
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 | 97.538 | −0.302% | $9.4M | $6.8M | — | |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.523 | −0.317% | $30K | $315K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.810 | −0.024% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.840 | +0.007% | $101K | $253K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.580 | −0.259% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 97.780 | −0.054% | $1.2M | $87K | 100x | as long as short |
| Vest BZ-PERP | +0.0008% | 1h | 101.96 | +4.218% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.387 | +0.566% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0011% | 4h | 97.518 | −0.322% | $225K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.800 | −0.034% | $3.3M | $3.9M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.852 | +0.019% | $722K | $3.3M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0048% | 1h | 97.770 | −0.064% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.787 | −0.047% | $3K | $355 | 5x | as long as short |
| tradeXYZ xyz:BRENTOILlong | +0.0050% | 1h | 97.833 | long leg | $155.7M | $115.6M | 20x | |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.854 | +0.021% | $1.6M | $462K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.670 | −0.167% | $3.1M | $1.0M | 15x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.780 | −0.054% | $3.8M | $811K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.560 | −0.279% | $26K | $273K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0104% | 1h | 97.630 | −0.207% | $7K | $41K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0112% | 1h | 97.846 | +0.013% | $82K | $204K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.815 | −0.018% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
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]