Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.023%

Price spread now: ApeX Omni against Variational Omni+0.112%103s7-day average +0.022% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.112%, 7d avg +0.022%

Together, before fees−0.043%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.090% dearer against Variational Omni than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.022%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.913	0	get 0.0000% / 4h	2h 09m	$9.5M	$10.6M	—
Short	ApeX Omni BZUSDT	96.020	0.0100	get 0.0013% / 1h	9m 40s	$25K	$270K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.112%Rate

Funding earned: $21
Price spread: +0.112% → +0.022%: $9.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $20.01
Costs to cover: 0.100%
Break-even: 0.3 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 12 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 Variational Omni RFQ quote, 5 min ago	2.63 bp	doesn't fit	10.3 bp −$103	40.1 bp −$4,012	doesn't fit
Sell ApeX Omni live order book, 12 min ago	8.86 bp	19.8 bp −$20	193.5 bp −$1,935	doesn't fit	doesn't fit

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0741% / S +0.0471%	1h	95.915	+0.002%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	+0.011%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.143%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0024%	4h	95.900	−0.013%	$1.5M	$97K	50x	as long as short
Paradex BZ-USD-PERP	−0.0001%	8h	95.927	+0.015%	$3K	$521	5x	as long as short
Aster BZUSDT	0.0000%	4h	95.950	+0.039%	$333K	$1.6M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.900	−0.013%	$145.6M	$491.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.920	+0.008%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.890	−0.024%	$15.8M	$30.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.893	−0.021%	$2.2M	$1.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.870	−0.044%	$9.1M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.880	−0.034%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	95.913	long leg	$9.5M	$10.6M	—
GRVT BZ_USDT_Perp	0.0000%	4h	95.920	+0.008%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.930	+0.018%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.870	−0.044%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.910	−0.003%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0019%	4h	95.975	+0.065%	$220K	$235K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.852	−0.063%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.314%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	95.900	−0.013%	$3.3M	$4.4M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.938	+0.026%	$147.8M	$148.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.990	+0.081%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.890	−0.024%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.840	−0.076%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	96.020	+0.112%	$25K	$270K	50x
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.945	+0.033%	$81K	$259K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0205%	1h	95.965	+0.055%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0336%	1h	95.950	+0.039%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	+0.0480%	1h	95.970	+0.060%	$102K	$280K	15x	as long as short