BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.023%

Price spread now: Coinbase International against Variational Omni+0.063%7-day average −0.090% · you sell dearer than you buy

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.235%−$24 on $10k

Price spread, last 3 days (all we have)−0.091%−$9 · spread now +0.063%, 7d avg −0.090%

Together, before fees−0.326%+ Points / potential airdropVariational Omni: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.153% dearer against Variational Omni than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.090%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	96.749	0	get 0.0000% / 4h	2h 23m	$9.3M	$7.1M	—
Short	Coinbase International BRENTOIL-PERP-INTX	96.810	−0.0136	pay 0.0017% / 1h	23m 39s	$234K	$426K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$28.56
Price spread: +0.063% → −0.090%: $15.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.21
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: live order book, 44 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, 1 min ago	2.63 bp	doesn't fit	4.7 bp −$47	doesn't fit	doesn't fit
Sell Coinbase International live order book, 44 min ago	1.55 bp	6.6 bp −$7	8.8 bp −$88	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.070	−0.702%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTXshort	−0.0136%	1h	96.810	+0.063%	$234K	$426K	15x
Aster BZUSDT	0.0000%	4h	96.770	+0.021%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.765	+0.017%	$146.2M	$381.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.750	+0.001%	$10.3M	$13.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.760	+0.011%	$15.9M	$21.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	+0.008%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.710	−0.040%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.770	+0.022%	$27.6M	$16.2M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	96.749	long leg	$9.3M	$7.1M	—

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.782	+0.034%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.780	+0.032%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.780	+0.032%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.730	−0.020%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.770	+0.022%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	96.760	+0.012%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.291	+0.560%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.770	+0.022%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.773	+0.025%	$673K	$5.1M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.80	+4.187%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	96.766	+0.017%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.780	+0.032%	$151.5M	$127.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.832	+0.086%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.730	−0.020%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.800	+0.053%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.830	+0.084%	$3.8M	$891K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.820	+0.073%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0207% / S +0.0090%	1h	96.755	+0.006%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0251%	1h	96.814	+0.067%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.794	+0.047%	$83K	$218K	20x	as long as short