Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Variational Omni+0.114%60s7-day average +0.039% · you sell dearer than you buy

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

Long on Variational Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.114%, 7d avg +0.039%

Together, before fees−0.219%+ 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: SunX is 0.075% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.039%. The two prices were read 60 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	97.609	0	get 0.0000% / 4h	2h 12m	$9.4M	$6.9M	—
Short	SunX BRENTOIL-USDT	97.720	0	get 0.0000% / 4h	2h 12m	$4K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → +0.039%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$0.5
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; SunX: 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, 2 min ago	2.62 bp	doesn't fit	3.8 bp −$38	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	18.43 bp	26.3 bp −$26	35.0 bp −$350	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.939	−0.686%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.081%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0030%	4h	97.690	+0.083%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.692	+0.086%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.684	+0.077%	$147.7M	$360.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	+0.083%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.680	+0.073%	$16.1M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.668	+0.061%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.650	+0.042%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.690	+0.083%	$27.7M	$17.0M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZlong	0.0000%	4h	97.609	long leg	$9.4M	$6.9M	—
GRVT BZ_USDT_Perp	0.0000%	4h	97.656	+0.048%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.720	+0.114%	$4K	$2.4M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.710	+0.104%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.590	−0.019%	$280K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.680	+0.073%	$1.2M	$81K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.707	+0.100%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.219	+0.625%	—	—	—	as long as short
edgeX BZUSDC	+0.0014%	4h	97.617	+0.008%	$225K	$229K	20x	as long as short
Vest BZ-PERP	+0.0015%	1h	101.73	+4.222%	—	$735K	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.710	+0.104%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.700	+0.093%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.696	+0.089%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.699	+0.092%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.703	+0.096%	$154.5M	$124.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.725	+0.119%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.670	+0.063%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0070%	1h	97.678	+0.070%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.730	+0.124%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.660	+0.052%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.675	+0.068%	$116K	—	111x	as long as short