Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%
Price spread now: Variational Omni against Phemex+0.030%7-day average −0.227% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.315%−$31 on $10k
+Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.030%, 7d avg −0.227%
=Together, before fees−0.510%+ Points / potential airdropVariational Omni: Active · farm board−$51 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: Variational Omni is 0.257% dearer against Phemex than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.227%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XBRUSDT | 97.380 | 0 | get 0.0000% / 4h | 3h 36m | $1.2M | $83K | 100x |
| Short | Variational Omni BZ | 97.409 | 0 | get 0.0000% / 4h | 3h 36m | $9.4M | $6.1M | — |
Phemex XBRUSDT
Variational Omni BZFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.030% → −0.227%
- $25.66
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $13.66
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 1 min ago; Variational Omni: RFQ quote, 2 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 Phemex live order book, 1 min ago | 0.51 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.62 bp | doesn't fit | 2.8 bp −$28 | 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 | −0.0263% | 1h | 97.360 | −0.021% | $100K | $261K | 15x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 96.342 | −1.066% | $8K | $7K | 30x | as long as short |
| Ondo Perps BRENT-USD.P | −0.0073% | 1h | 97.350 | −0.031% | $3.1M | $1.0M | 15x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0056% | 1h | 97.480 | +0.103% | $237K | $402K | 15x | as long as short |
| RISEx BZ/USDC | −0.0039% | 1h | 97.353 | −0.028% | $2.4M | $1.8M | 20x | as long as short |
| BloFin BZ-USDT | −0.0033% | 4h | 97.350 | −0.031% | $1.5M | $100K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | −0.0002% | 1h | 97.369 | −0.011% | $82K | $197K | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.392 | +0.012% | $338K | $761K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.398 | +0.018% | $148.9M | $354.4M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.410 | +0.031% | $10.3M | $13.3M | 100x | as long as short |
Deribit BRENTOIL_USDC-PERPETUAL
Injective BRENT/USDC PERP
Ondo Perps BRENT-USD.P
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
BloFin BZ-USDT
Kraken Futures PF_BRENTOILUSD
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 97.390 | +0.010% | $16.2M | $19.8M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.340 | −0.041% | $9.2M | $10.4M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.400 | +0.021% | $28.1M | $18.8M | 100x | as long as short |
| Variational Omni BZshort | 0.0000% | 4h | 97.409 | +0.030% | $9.4M | $6.1M | — | |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.354 | −0.027% | $13K | $331K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.370 | −0.010% | $4K | $2.4M | 20x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.400 | +0.021% | $280K | $251K | 75x | as long as short |
| Phemex XBRUSDTlong | 0.0000% | 4h | 97.380 | long leg | $1.2M | $83K | 100x | |
| Hotstuff BRENTOIL-PERP | +0.0008% | 1h | 97.420 | +0.041% | $34K | — | 20x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.35 | +4.077% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.927 | +0.562% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0020% | 4h | 97.354 | −0.027% | $223K | $229K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.380 | 0.000% | $3.3M | $4.2M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.435 | +0.057% | $753K | $2.8M | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0047% | 8h | 97.411 | +0.032% | $2K | $1K | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.438 | +0.060% | $155.6M | $115.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.405 | +0.026% | $1.6M | $345K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0071% | 1h | 97.412 | +0.033% | $7K | $39K | 5x | as long as short |
| KuCoin BZUSDTM | +0.0100% | 4h | 97.380 | 0.000% | $3.8M | $796K | 50x | as long as short |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.410 | +0.031% | $26K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0328% / S −0.2771% | 1h | 97.355 | −0.026% | $116K | — | 111x | as long as short |
OKX BZ-USDT-SWAP
Gate BZ_USDT
Bitget BZUSDT
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
HTX BRENTOIL-USDT
Hotstuff BRENTOIL-PERP
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
KuCoin BZUSDTM
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]