Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Variational Omni−0.500%7-day average −0.041% · you buy dearer than you sell

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

Long on Variational Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.134%−$13 on $10k

Price spread, last 7 days+0.420%+$42 · spread now −0.500%, 7d avg −0.041%

Together, before fees+0.286%+ Points / potential airdropVariational Omni: Active · farm board+$29 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: Gate is 0.459% cheaper against Variational Omni than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	94.191	0	get 0.0000% / 4h	1h 05m	$8.9M	$6.6M	—
Short	Gate BZ_USDT	93.720	0	get 0.0000% / 8h	5h 05m	$8.7M	$13.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Variational Omni. 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 Variational OmnibpFee GatebpOrdersPrice spread, now −0.500%Rate

Funding earned: $0
Price spread: −0.500% → −0.041%: −$45.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.91
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Gate: live order book, 1 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, 1 min ago	2.65 bp	doesn't fit	4.9 bp −$49	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.60 bp	10.1 bp −$10	22.6 bp −$226	33.5 bp −$3,350	46.6 bp −$23.3K

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	93.830	−0.383%	$32K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0344%	1h	93.713	−0.508%	$105K	$274K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.720	−0.500%	$2.2M	$2.6M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.685%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0177%	1h	93.710	−0.511%	$29K	$389K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.044%	$246K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	93.770	−0.447%	$1.5M	$122K	50x	as long as short
Bybit BZUSDT	−0.0049%	8h	93.700	−0.521%	$10.6M	$16.9M	100x	as long as short
edgeX BZUSDC	−0.0019%	4h	94.059	−0.140%	$216K	$230K	20x	as long as short
Binance BZUSDT	−0.0017%	4h	93.740	−0.479%	$144.0M	$466.0M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	−0.0010%	4h	93.979	−0.225%	$15K	$307K	25x	as long as short
Aster BZUSDT	0.0000%	4h	93.736	−0.483%	$321K	$636K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.730	−0.489%	$15.7M	$28.2M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	93.720	−0.500%	$8.7M	$13.4M	100x
Bitget BZUSDT	0.0000%	4h	93.740	−0.479%	$27.2M	$30.3M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	94.191	long leg	$8.9M	$6.6M	—
SunX BRENTOIL-USDT	0.0000%	4h	93.780	−0.436%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.700	−0.521%	$240K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.080	−0.118%	$1.2M	$91K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.238	+0.050%	—	—	—	as long as short
Aftermath Perps BRENTUSD	+0.0013%	1h	93.967	−0.238%	$7K	$37K	5x	as long as short
Vest BZ-PERP	+0.0018%	1h	97.360	+3.364%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.720	−0.500%	$3.4M	$5.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.748	−0.470%	$751K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0038%	8h	93.765	−0.452%	$2K	$2K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	93.752	−0.466%	$137.7M	$183.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.740	−0.479%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.720	−0.500%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.730	−0.489%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.910	−0.298%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	93.705	−0.516%	$22K	—	111x	as long as short