BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Variational Omni+0.400%89s7-day average +0.019% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.400%, 7d avg +0.019%

Together, before fees−0.321%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.381% dearer against Variational Omni than usual: you sell high and buy low (spread +0.400% now, against its 7-day average of +0.019%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 4 days (0.000% in total) that is about years. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	96.531	0	get 0.0000% / 4h	3h 13m	$9.4M	$6.2M	—
Short	GRVT BZ_USDT_Perp	96.917	−0.0094	pay 0.0047% / 4h	3h 13m	$13K	$327K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.400%Rate

Funding earned: −$19.74
Price spread: +0.400% → +0.019%: $38.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $9.33
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; GRVT: live order book, 19 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, just now	2.63 bp	doesn't fit	2.9 bp −$29	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	0.51 bp	7.0 bp −$7	9.5 bp −$95	doesn't fit	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0373%	1h	96.270	−0.270%	$99K	$268K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.196%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perpshort	−0.0094%	4h	96.917	+0.400%	$13K	$327K	25x
Ondo Perps BRENT-USD.P	−0.0086%	1h	96.400	−0.136%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	96.240	−0.301%	$261K	$541K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	96.492	−0.041%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	96.309	−0.230%	$81K	$202K	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.365	−0.172%	$334K	$700K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.310	−0.229%	$147.3M	$364.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.320	−0.219%	$10.2M	$13.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	96.340	−0.198%	$16.1M	$20.7M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.230	−0.312%	$9.2M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.340	−0.198%	$27.8M	$19.6M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	96.531	long leg	$9.4M	$6.2M	—
SunX BRENTOIL-USDT	0.0000%	4h	96.300	−0.239%	$4K	$2.2M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.500	−0.032%	$277K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.480	−0.053%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	96.803	+0.282%	$223K	$231K	20x	as long as short
BloFin BZ-USDT	+0.0003%	4h	96.550	+0.020%	$1.5M	$100K	50x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.17	+3.770%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.809	+0.289%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.260	−0.281%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.368	−0.169%	$747K	$2.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0040%	8h	96.359	−0.178%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.309	−0.230%	$151.5M	$119.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.370	−0.167%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0052%	1h	96.857	+0.337%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.330	−0.208%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.820	+0.299%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0705%	1h	96.265	−0.276%	$33K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0240%	1h	96.570	+0.040%	$33K	—	20x	as long as short