Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Variational Omni against RISEx−0.191%7-day average −0.073% · you buy dearer than you sell

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.140%−$14 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.191%, 7d avg −0.073%

Together, before fees−0.105%+ Points / potential airdropVariational Omni: Active · farm board−$10 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 0.118% cheaper against RISEx than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx BZ/USDC	96.853	0	get 0.0000% / 1h	57m 25s	$2.3M	$1.3M	20x
Short	Variational Omni BZ	96.668	0	get 0.0000% / 4h	2h 57m	$9.3M	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → −0.073%: −$11.76
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.76
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: 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 RISEx live order book, 1 min ago	0.83 bp	3.8 bp −$4	4.7 bp −$47	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.62 bp	doesn't fit	3.7 bp −$37	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	95.962	−0.920%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.210%	$234K	$421K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.874	+0.021%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.830	−0.024%	$146.0M	$398.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.840	−0.014%	$10.4M	$14.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.840	−0.014%	$15.9M	$23.9M	50x	as long as short
RISEx BZ/USDClong	0.0000%	1h	96.853	long leg	$2.3M	$1.3M	20x
Gate BZ_USDT	0.0000%	8h	96.790	−0.065%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.850	−0.003%	$27.7M	$16.8M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	96.668	−0.191%	$9.3M	$7.4M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.828	−0.026%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.880	+0.028%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.850	−0.003%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.158%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.840	−0.014%	$1.2M	$88K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	−0.014%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.362	+0.525%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.739	−0.118%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.880	+0.028%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.852	−0.001%	$689K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.87	+4.147%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.854	+0.001%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.849	−0.004%	$151.8M	$138.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.895	+0.043%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.820	−0.034%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.870	+0.017%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	+0.038%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	96.910	+0.059%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0203% / S +0.0118%	1h	96.825	−0.029%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.861	+0.008%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0315%	1h	96.781	−0.074%	$7K	$45K	5x	as long as short