BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Polymarket Perps against Variational Omni−0.057%56s7-day average +0.124% · you buy dearer than you sell

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

Long on Variational Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.012%+$1 on $10k

Price spread, last 7 days+0.259%+$26 · spread now −0.057%, 7d avg +0.124%

Together, before fees+0.271%+ Points / potential airdropVariational Omni: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.180% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.124%). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.012% in total) that is about 54 days. The two prices were read 56 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	97.168	0	get 0.0000% / 4h	13m 41s	$9.4M	$6.8M	—
Short	Polymarket Perps BRENTOIL-USD	97.113	0.0050	get 0.0006% / 1h	13m 41s	$1.6M	$491K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.057%Rate

Funding earned: $10.5
Price spread: −0.057% → +0.124%: −$18.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$15.53
Costs to cover: 0.080%
Break-even: 17.4 days

Slippage unknown: Variational Omni: RFQ quote, just now; Polymarket Perps: 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, just now	2.62 bp	doesn't fit	2.8 bp −$28	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.52 bp	8.0 bp −$8	8.2 bp −$82	18.2 bp −$1,818	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	96.433	−0.756%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.074%	$234K	$436K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.093	−0.077%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.040	−0.132%	$147.0M	$369.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.040	−0.132%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−0.121%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.032	−0.140%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.990	−0.183%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.040	−0.132%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	97.168	long leg	$9.4M	$6.8M	—

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	97.157	−0.012%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.080	−0.091%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.060	−0.111%	$104K	$233K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.163%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.126%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	−0.031%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.607	+0.452%	—	—	—	as long as short
BloFin BZ-USDT	+0.0025%	4h	97.170	+0.002%	$1.5M	$92K	50x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.12	+4.067%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.060	−0.111%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.043	−0.129%	$680K	$4.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.041	−0.131%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.076	−0.095%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	97.113	−0.057%	$1.6M	$491K	20x
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.010	−0.163%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.090	−0.080%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.190	+0.023%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0125%	1h	97.179	+0.012%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.100	−0.070%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.068	−0.103%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0210% / S −0.0132%	1h	97.065	−0.106%	$126K	—	111x	as long as short