Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Aster against Variational Omni+0.099%7-day average +0.023% · you sell dearer than you buy

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

Long on Variational Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now +0.099%, 7d avg +0.023%

Together, before fees+0.278%+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · 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: Aster is 0.076% dearer against Variational Omni than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.806	0	get 0.0000% / 4h	1h 42m	$9.2M	$8.4M	—
Short	Aster BZUSDT	95.901	0	get 0.0000% / 4h	1h 42m	$333K	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.023%: $7.61
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$0.39
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Aster: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.64 bp	doesn't fit	3.3 bp −$33	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	1.57 bp	5.6 bp −$6	13.4 bp −$134	88.0 bp −$8,800	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
Ondo Perps BRENT-USD.P	−0.0516%	1h	95.810	+0.004%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.582%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0144%	1h	95.880	+0.077%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0099% / S +0.0137%	1h	95.875	+0.072%	$33K	—	29x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.859	+0.056%	$2.2M	$1.3M	20x	as long as short
Lighter BRENTOIL	−0.0072%	1h	95.860	+0.056%	$3.3M	$4.2M	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	95.840	+0.036%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0036%	4h	95.833	+0.028%	$34K	$388K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.255%	$232K	$661K	15x	as long as short
Paradex BZ-USD-PERP	−0.0009%	8h	95.855	+0.052%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BRENTOIL	−0.0008%	1h	95.907	+0.106%	$147.4M	$147.1M	20x	as long as short
Aster BZUSDTshort	0.0000%	4h	95.901	+0.099%	$333K	$1.5M	50x
Binance BZUSDT	0.0000%	4h	95.886	+0.084%	$145.4M	$480.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.860	+0.056%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.870	+0.067%	$15.8M	$27.6M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.850	+0.046%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.880	+0.077%	$27.4M	$22.1M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	95.806	long leg	$9.2M	$8.4M	—
SunX BRENTOIL-USDT	0.0000%	4h	95.890	+0.088%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.920	+0.119%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.770	−0.037%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.900	+0.098%	$1.2M	$100K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	95.865	+0.062%	$5K	$45K	5x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.817	+0.011%	$219K	$235K	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.893	+0.091%	$670K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.33	+4.722%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.936	+0.136%	$1.5M	$526K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.890	+0.088%	$3.7M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.840	+0.036%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.912	+0.110%	$81K	$240K	20x	as long as short