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Funding arb · Price arb /

BZ

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%
Price spread now: Polymarket Perps against Variational Omni+0.070%7-day average +0.125% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Variational OmniShort on Polymarket Perps
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.012%+$1 on $10k
Price spread, last 7 days+0.195%+$19 · spread now +0.070%, 7d avg +0.125%
Together, before fees+0.207%+ Points / potential airdropVariational Omni: Active · farm board+$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Polymarket Perps is 0.055% cheaper against Variational Omni than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.125%). If the spread goes back, that is −$5 on $10k: about 3.6 days of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.012% in total) that is about 16 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni BZ97.3480get 0.0000% / 4h3h 45m$9.4M$6.8M—
ShortPolymarket Perps BRENTOIL-USD97.4160.0050get 0.0006% / 1h45m 30s$1.6M$463K20x

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

Funding earned
$10.5
Price spread: +0.070% → +0.125%
−$5.47
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
−$2.97
Costs to cover
0.080%
Break-even
9.0 days
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 4 min ago2.62 bpdoesn't fit4.4 bp −$44doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 3 min ago2.57 bp6.6 bp −$78.2 bp −$8221.7 bp −$2,174doesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.333−1.043%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.270−0.080%$233K$439K15xas long as short
BloFin BZ-USDT−0.0050%4h97.420+0.074%$1.5M$92K50xas long as short
Aster BZUSDT0.0000%4h97.371+0.024%$339K$930K50xas long as short
Binance BZUSDT0.0000%4h97.372+0.025%$147.6M$368.5M100xas long as short
Bybit BZUSDT0.0000%8h97.370+0.023%$10.4M$12.7M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.370+0.023%$16.0M$20.4M50xas long as short
RISEx BZ/USDC0.0000%1h97.365+0.018%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.340−0.008%$9.2M$12.1M100xas long as short
Bitget BZUSDT0.0000%4h97.370+0.023%$27.9M$16.7M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZlong0.0000%4h97.348long leg$9.4M$6.8M—
GRVT BZ_USDT_Perp0.0000%4h97.351+0.003%$29K$346K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.390+0.043%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.370+0.023%$104K$241K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.320−0.029%$279K$267K75xas long as short
Phemex XBRUSDT0.0000%4h97.390+0.043%$1.2M$84K100xas long as short
edgeX BZUSDC+0.0008%4h97.375+0.028%$223K$228K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.902+0.569%———as long as short
Vest BZ-PERP+0.0030%1h101.41+4.173%—$735K10xas long as short
Lighter BRENTOIL+0.0032%1h97.370+0.023%$3.2M$4.7M20xas long as short
Extended XBR-USD+0.0032%1h97.393+0.046%$679K$4.2M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.371+0.024%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.407+0.061%$153.6M$126.2M20xas long as short
Polymarket Perps BRENTOIL-USDshort+0.0050%1h97.416+0.070%$1.6M$463K20x
Ondo Perps BRENT-USD.P+0.0050%1h97.320−0.029%$3.1M$1.0M15xas long as short
Kraken Futures PF_BRENTOILUSD+0.0063%1h97.376+0.029%$82K$208K20xas long as short
KuCoin BZUSDTM+0.0100%4h97.420+0.074%$3.8M$869K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.410+0.064%$26K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0108%1h97.329−0.020%$7K$43K5xas long as short
Hotstuff BRENTOIL-PERP+0.0136%1h97.400+0.053%$34K—20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0234% / S −0.0292%1h97.345−0.003%$126K—111xas long as short