BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h +0.001%

Price spread now: edgeX against Variational Omni−0.077%74s7-day average −0.005% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.091%+$9 · spread now −0.077%, 7d avg −0.005%

Together, before fees+0.110%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.072% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 19 days of funding at the current rate ($0 a day). The two prices were read 74 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	96.687	0	get 0.0000% / 4h	3h 02m	$9.3M	$7.4M	—
Short	edgeX BZUSDC	96.613	0.0012	get 0.0006% / 4h	3h 02m	$221K	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.077%Rate

Funding earned: $2.6
Price spread: −0.077% → −0.005%: −$7.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.58
Costs to cover: 0.090%
Break-even: 43.6 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; edgeX: 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, 2 min ago	2.63 bp	doesn't fit	4.1 bp −$41	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	9.83 bp	14.4 bp −$14	16.5 bp −$165	64.4 bp −$6,443	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	95.731	−0.989%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.038%	$234K	$440K	15x	as long as short
BloFin BZ-USDT	−0.0031%	4h	96.690	+0.003%	$1.5M	$91K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	96.740	+0.055%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.722	+0.036%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.695	+0.008%	$145.8M	$403.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.670	−0.018%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.680	−0.007%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.719	+0.033%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.650	−0.038%	$9.2M	$14.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.700	+0.013%	$27.6M	$17.8M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	96.687	long leg	$9.3M	$7.4M	—
GRVT BZ_USDT_Perp	0.0000%	4h	96.676	−0.012%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.700	+0.013%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	+0.024%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.660	−0.028%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	+0.013%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.218	+0.549%	—	—	—	as long as short
edgeX BZUSDCshort	+0.0012%	4h	96.613	−0.077%	$221K	$233K	20x
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.728	+0.042%	$83K	$220K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.720	+0.034%	$3.4M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.690	+0.002%	$720K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.77	+4.223%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	96.709	+0.023%	$3K	$521	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0046%	1h	96.660	−0.028%	$3.1M	$1.1M	15x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.708	+0.022%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.755	+0.070%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.760	+0.075%	$3.8M	$926K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.700	+0.013%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0201% / S +0.0123%	1h	96.685	−0.002%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0327%	1h	96.702	+0.016%	$7K	$44K	5x	as long as short