Funding arb · Price arb /

BZ

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%

Price spread now: Variational Omni against SunX−0.122%7-day average −0.031% · you buy dearer than you sell

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

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.085%+$9 on $10k

Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.122%, 7d avg −0.031%

Together, before fees+0.227%+ Points / potential airdropVariational Omni: Active · farm board+$23 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 0.091% cheaper against SunX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	96.080	0	get 0.0000% / 4h	43m 45s	$4K	$2.7M	20x
Short	Variational Omni BZ	95.963	0	get 0.0000% / 4h	43m 45s	$9.3M	$7.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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 SunXbpFee Variational OmnibpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.031%: −$9.08
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.08
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; Variational Omni: RFQ quote, just now. 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 SunX live order book, 3 min ago	18.75 bp	22.8 bp −$23	30.7 bp −$307	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, just now	2.63 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit

BZ on 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.065	−0.016%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.369	−0.740%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0163%	1h	96.100	+0.021%	$147.8M	$143.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.090	+0.010%	$103K	$279K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.060	−0.021%	$232K	$577K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.053	−0.028%	$2.2M	$1.3M	20x	as long as short
Binance BZUSDT	−0.0011%	4h	96.062	−0.019%	$145.8M	$469.5M	100x	as long as short
Aster BZUSDT	0.0000%	4h	96.120	+0.042%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.070	−0.010%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	−0.031%	$15.9M	$26.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.100	+0.021%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.020	−0.062%	$9.2M	$16.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.060	−0.021%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	95.963	−0.122%	$9.3M	$7.9M	—
GRVT BZ_USDT_Perp	0.0000%	4h	95.970	−0.115%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.080	long leg	$4K	$2.7M	20x
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.146%	$305K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.070	−0.010%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.954	−0.131%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERP	+0.0009%	8h	96.055	−0.026%	$3K	$521	5x	as long as short
BloFin BZ-USDT	+0.0010%	4h	96.040	−0.042%	$1.5M	$95K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0030%	1h	96.064	−0.016%	$6K	$45K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.050	−0.031%	$3.3M	$4.3M	20x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.16	+4.246%	—	$735K	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.126	+0.048%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.030	−0.052%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.050	−0.031%	$3.8M	$990K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.960	−0.125%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.114	+0.036%	$81K	$235K	20x	as long as short
Extended XBR-USD	+0.0136%	1h	96.008	−0.075%	$671K	$5.2M	10x	as long as short