Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0046%/8hpaid last 24h −0.090%

Price spread now: Vest against Variational Omni+4.351%7-day average +3.170% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.384%−$38 · spread now +4.351%, 7d avg +3.170%

Together, before fees−0.486%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 1.180% dearer against Variational Omni than usual: you sell high and buy low: +$118 more if the spread goes back to its 7-day average of +3.170%. Mind the row above: over the last 3 days funding on this pair cost −0.102%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	95.975	0	get 0.0000% / 4h	21m 55s	$9.5M	$11.7M	—
Short	Vest BZ-PERP	100.15	0.0046	get 0.0006% / 1h	21m 55s	—	$664K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +4.351%Rate

Funding earned: $9.59
Price spread: +4.351% → +3.170%: $118.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $125.62
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: no order-book sample. 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, 2 min ago	2.63 bp	doesn't fit	3.1 bp −$31	15.1 bp −$1,510	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	95.676	−0.311%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0118% / S +0.0313%	1h	96.045	+0.073%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	+0.443%	$231K	$842K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	96.080	+0.110%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0011%	4h	96.050	+0.079%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.104	+0.135%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.036	+0.064%	$145.2M	$476.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.050	+0.079%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.020	+0.047%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.041	+0.069%	$2.2M	$1.2M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.010	+0.037%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.040	+0.068%	$27.7M	$23.0M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	95.975	long leg	$9.5M	$11.7M	—
GRVT BZ_USDT_Perp	0.0000%	4h	95.990	+0.016%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.070	+0.099%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.080	+0.110%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−0.015%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.270	+0.308%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	95.988	+0.014%	$220K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.799	+0.859%	—	—	—	as long as short
Ondo Perps BRENT-USD.P	+0.0026%	1h	96.040	+0.068%	$3.1M	$1.1M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.075	+0.105%	$81K	$265K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.070	+0.099%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.084	+0.114%	$672K	$5.2M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.15	+4.351%	—	$664K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.052	+0.080%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.090	+0.120%	$149.3M	$144.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.132	+0.164%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0058%	1h	96.119	+0.151%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0074%	4h	96.010	+0.037%	$3.7M	$967K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	+0.037%	$25K	$271K	50x	as long as short