Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.111%

Price spread now: Extended against Variational Omni+0.015%7-day average −0.006% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.015%, 7d avg −0.006%

Together, before fees−0.118%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.021% dearer against Variational Omni than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 3 days funding on this pair cost −0.088%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.922	0	get 0.0000% / 4h	2h 24m	$9.5M	$11.1M	—
Short	Extended XBR-USD	95.936	0.0032	get 0.0004% / 1h	24m 38s	$669K	$5.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $6.72
Price spread: +0.015% → −0.006%: $2.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $3.81
Costs to cover: 0.050%
Break-even: 3.0 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Extended: live order book, 4 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	4.1 bp −$41	33.7 bp −$3,368	doesn't fit
Sell Extended live order book, 4 min ago	0.99 bp	7.2 bp −$7	28.0 bp −$280	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 −0.0670% / S +0.0459%	1h	95.925	+0.004%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.398	−0.546%	$10K	$4K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.134%	$232K	$859K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.991	+0.072%	$335K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.940	+0.019%	$145.6M	$488.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.960	+0.040%	$10.2M	$17.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.950	+0.030%	$15.8M	$30.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.954	+0.034%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	95.930	+0.009%	$9.1M	$19.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.940	+0.019%	$27.5M	$24.1M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZlong	0.0000%	4h	95.922	long leg	$9.5M	$11.1M	—
GRVT BZ_USDT_Perp	0.0000%	4h	95.950	+0.030%	$34K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.940	+0.019%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.960	+0.040%	$102K	$281K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.880	−0.043%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.940	+0.019%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	95.961	+0.041%	$220K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.970	+0.050%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USDshort	+0.0032%	1h	95.936	+0.015%	$669K	$5.2M	10x
Vest BZ-PERP	+0.0046%	1h	100.05	+4.304%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.019	+0.101%	$1.5M	$549K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.920	−0.002%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0051%	8h	95.972	+0.053%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0059%	4h	95.960	+0.040%	$1.5M	$97K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0064%	1h	96.014	+0.096%	$148.2M	$146.6M	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.920	−0.002%	$3.8M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.020	+0.103%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	95.972	+0.053%	$81K	$263K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0161%	1h	96.021	+0.103%	$6K	$45K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0384%	1h	96.040	+0.123%	$33K	—	20x	as long as short