Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.013%

Price spread now: Paradex against Variational Omni−0.035%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.035% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	94.373	0	get 0.0000% / 4h	1h 28m	$9.0M	$6.6M	—
Short	Paradex BZ-USD-PERP	94.340	0.0033	get 0.0033% / 8h	5h 28m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.035%Rate

Funding earned: $6.92
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.58
Costs to cover: 0.040%
Break-even: 7.6 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Paradex: no order-book sample. 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, 4 min ago	2.64 bp	doesn't fit	3.4 bp −$34	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.360	−0.014%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0386%	1h	94.310	−0.067%	$34K	$382K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0341%	1h	94.318	−0.058%	$103K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.407	+0.036%	$1.9M	$2.3M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.491%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.390	+0.018%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0067%	8h	94.400	+0.029%	$10.7M	$17.0M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0040%	4h	94.448	+0.080%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0039%	4h	94.340	−0.035%	$1.5M	$114K	50x	as long as short
Binance BZUSDT	−0.0029%	4h	94.427	+0.057%	$145.1M	$468.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0028%	4h	94.444	+0.075%	$217K	$232K	20x	as long as short
Aster BZUSDT	0.0000%	4h	94.425	+0.055%	$324K	$795K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.400	+0.029%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.350	−0.024%	$8.8M	$13.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.400	+0.029%	$27.5M	$30.1M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	94.373	long leg	$9.0M	$6.6M	—
SunX BRENTOIL-USDT	0.0000%	4h	94.330	−0.045%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.330	−0.045%	$242K	$315K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.410	+0.039%	$1.2M	$81K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.964	+0.626%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0018%	1h	94.385	+0.013%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	98.060	+3.907%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.340	−0.035%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.440	+0.071%	$756K	$3.8M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0033%	8h	94.340	−0.035%	$2K	$2K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.425	+0.055%	$138.9M	$189.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.440	+0.071%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.320	−0.056%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.310	−0.067%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.440	+0.071%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.325	−0.051%	$32K	—	111x	as long as short