Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h −0.001%

Price spread now: Aftermath Perps against Variational Omni+0.072%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aftermath Perps is 0.072% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.874	0	get 0.0000% / 4h	1h 36m	$9.2M	$8.4M	—
Short	Aftermath Perps BRENTUSD	95.943	0.0004	get 0.0001% / 1h	36m 17s	$5K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Variational Omni. 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 Variational OmnibpFee Aftermath PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0.88
Price spread: +0.072% → 0.000%: $7.23
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$0.89
Costs to cover: 0.090%
Break-even: 14.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aftermath Perps: no order-book sample. 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 Variational Omni RFQ quote, 3 min ago	2.63 bp	doesn't fit	4.8 bp −$48	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 30 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
Ondo Perps BRENT-USD.P	−0.0369%	1h	95.840	−0.035%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.086	−0.822%	$8K	$7K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0099% / S +0.0137%	1h	95.915	+0.043%	$33K	—	29x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.915	+0.043%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	95.950	+0.079%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.184%	$232K	$661K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0004%	4h	95.900	+0.027%	$34K	$388K	25x	as long as short
Paradex BZ-USD-PERP	−0.0002%	8h	95.916	+0.044%	$3K	$521	5x	as long as short
Aster BZUSDT	0.0000%	4h	95.915	+0.043%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.910	+0.038%	$145.5M	$480.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	95.900	+0.027%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.920	+0.048%	$15.8M	$27.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.870	−0.004%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.900	+0.027%	$27.4M	$21.9M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	95.874	long leg	$9.2M	$8.4M	—
SunX BRENTOIL-USDT	0.0000%	4h	95.940	+0.069%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.950	+0.079%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.004%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	+0.038%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSDshort	+0.0004%	1h	95.943	+0.072%	$5K	$45K	5x
edgeX BZUSDC	+0.0007%	4h	95.884	+0.011%	$219K	$233K	20x	as long as short
BloFin BZ-USDT	+0.0014%	4h	95.890	+0.017%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.920	+0.048%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.896	+0.023%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.730	+4.022%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.945	+0.074%	$147.5M	$146.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.976	+0.106%	$1.5M	$526K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.930	+0.058%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.910	+0.038%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.949	+0.078%	$81K	$240K	20x	as long as short