Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Gate+0.071%7-day average +0.045% · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.134%+$13 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.071%, 7d avg +0.045%

Together, before fees+0.150%+ Points / potential airdropVariational Omni: Active · farm board+$15 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 0.027% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	96.870	0	get 0.0000% / 8h	5h 54m	$9.2M	$12.3M	100x
Short	Variational Omni BZ	96.939	0	get 0.0000% / 4h	1h 54m	$9.3M	$7.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.045%: $2.65
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$12.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: RFQ quote, 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 Gate live order book, 4 min ago	1.03 bp	10.5 bp −$10	16.3 bp −$163	30.1 bp −$3,014	42.3 bp −$21.1K
Sell Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	3.2 bp −$32	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.207	−0.684%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.062%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.905	+0.036%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.910	+0.041%	$146.5M	$376.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	+0.031%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	+0.052%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.920	+0.052%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDTlong	0.0000%	8h	96.870	long leg	$9.2M	$12.3M	100x
Bitget BZUSDT	0.0000%	4h	96.910	+0.041%	$27.4M	$16.2M	100x	as long as short
Variational Omni BZshort	0.0000%	4h	96.939	+0.071%	$9.3M	$7.1M	—

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.949	+0.081%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	+0.083%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	+0.083%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.930	+0.062%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.940	+0.072%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.941	+0.073%	$222K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.477	+0.627%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.920	+0.052%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.924	+0.056%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.99	+4.253%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0049%	8h	96.908	+0.039%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.921	+0.053%	$151.8M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.975	+0.108%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	0.000%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.980	+0.114%	$3.8M	$877K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	+0.083%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.980	+0.114%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0066%	1h	96.935	+0.067%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0209%	1h	96.949	+0.082%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.967	+0.100%	$84K	$218K	20x	as long as short