Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Variational Omni0.000%7-day average −0.046% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.134%−$13 on $10k

Price spread, last 7 days−0.090%−$9 · spread now 0.000%, 7d avg −0.046%

Together, before fees−0.224%+ Points / potential airdropVariational Omni: Active · farm board−$22 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: Gate is 0.046% dearer against Variational Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	96.630	0	get 0.0000% / 4h	3h 13m	$9.3M	$7.4M	—
Short	Gate BZ_USDT	96.630	0	get 0.0000% / 8h	7h 13m	$9.2M	$14.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.046%: $4.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.44
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 5 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	2.62 bp	doesn't fit	3.8 bp −$38	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	0.52 bp	11.3 bp −$11	19.8 bp −$198	29.7 bp −$2,970	41.4 bp −$20.7K

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	95.731	−0.930%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	+0.021%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	96.710	+0.083%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0003%	4h	96.640	+0.010%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.697	+0.069%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.690	+0.062%	$145.7M	$406.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.670	+0.041%	$10.4M	$15.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.670	+0.041%	$15.9M	$24.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.669	+0.040%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.630	0.000%	$9.2M	$14.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.680	+0.052%	$27.7M	$18.0M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	96.630	long leg	$9.3M	$7.4M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.612	−0.019%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.690	+0.062%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.700	+0.072%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.500	−0.135%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.680	+0.052%	$1.2M	$92K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.588	−0.044%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.201	+0.590%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.701	+0.073%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.690	+0.062%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.681	+0.052%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.620	−0.010%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERP	+0.0045%	8h	96.668	+0.039%	$3K	$521	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.72	+4.233%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.697	+0.069%	$151.7M	$139.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.736	+0.110%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.720	+0.093%	$3.8M	$970K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.650	+0.021%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0190% / S +0.0133%	1h	96.675	+0.047%	$121K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0363%	1h	96.627	−0.003%	$7K	$45K	5x	as long as short