Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Variational Omni+0.033%7-day average +0.012% · you sell dearer than you buy

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

Long on Variational Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.060%−$6 on $10k

Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.033%, 7d avg +0.012%

Together, before fees−0.270%+ Points / potential airdropVariational Omni: Active · farm board−$27 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: BloFin is 0.021% dearer against Variational Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	97.258	0	get 0.0000% / 4h	3h 50m	$9.4M	$6.8M	—
Short	BloFin BZ-USDT	97.290	0.0000	get 0.0000% / 4h	3h 50m	$1.5M	$92K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0.02
Price spread: +0.033% → +0.012%: $2.08
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.9
Costs to cover: 0.120%
Break-even: 2881.5 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BloFin: live order book, 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 Variational Omni RFQ quote, 3 min ago	2.63 bp	doesn't fit	3.5 bp −$35	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.03 bp	7.0 bp −$7	7.4 bp −$74	19.1 bp −$1,908	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	96.333	−0.951%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	+0.012%	$233K	$439K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.280	+0.023%	$104K	$239K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.280	+0.022%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.270	+0.012%	$147.3M	$368.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.250	−0.008%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.270	+0.012%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.270	+0.012%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.220	−0.039%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.260	+0.002%	$27.8M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZlong	0.0000%	4h	97.258	long leg	$9.4M	$6.8M	—
GRVT BZ_USDT_Perp	0.0000%	4h	97.183	−0.077%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	−0.049%	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.121%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.280	+0.023%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDTshort	0.0000%	4h	97.290	+0.033%	$1.5M	$92K	50x
edgeX BZUSDC	+0.0011%	4h	97.161	−0.100%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.835	+0.593%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.250	−0.008%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0030%	1h	101.29	+4.146%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.300	+0.043%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.303	+0.046%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.268	+0.010%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.301	+0.044%	$153.5M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.318	+0.062%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.140	−0.121%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.285	+0.028%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.300	+0.043%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.029%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0114%	1h	97.201	−0.058%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0229% / S −0.0263%	1h	97.275	+0.018%	$126K	—	111x	as long as short