Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.014%

Price spread now: Vest against Bitget+4.100%7-day average +3.262% · you sell dearer than you buy

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.228%−$23 · spread now +4.100%, 7d avg +3.262%

Together, before fees−0.234%+ Points / potential airdropVest: Active · farm board−$23 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 0.837% dearer against Bitget than usual: you sell high and buy low: +$84 more if the spread goes back to its 7-day average of +3.262%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	97.320	0	get 0.0000% / 4h	3h 49m	$27.8M	$16.6M	100x
Short	Vest BZ-PERP	101.31	0.0030	get 0.0004% / 1h	49m 59s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now +4.100%Rate

Funding earned: $6.38
Price spread: +4.100% → +3.262%: $83.74
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $76.12
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	0.51 bp	7.0 bp −$7	10.0 bp −$100	23.3 bp −$2,334	45.8 bp −$22.9K
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	96.333	−1.014%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.051%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.291	−0.030%	$338K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.340	+0.021%	$147.4M	$368.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.310	−0.010%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	+0.021%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.283	−0.038%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.240	−0.082%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	97.320	long leg	$27.8M	$16.6M	100x
Variational Omni BZ	0.0000%	4h	97.258	−0.064%	$9.4M	$6.8M	—	as long as short

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	97.183	−0.141%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.290	−0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.300	−0.021%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.185%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	−0.031%	$1.2M	$84K	100x	as long as short
BloFin BZ-USDT	0.0000%	4h	97.290	−0.031%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.161	−0.163%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.849	+0.543%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	97.250	−0.072%	$34K	—	20x	as long as short
Vest BZ-PERPshort	+0.0030%	1h	101.31	+4.100%	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.300	−0.021%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.344	+0.025%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.288	−0.033%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.326	+0.006%	$153.5M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.328	+0.008%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.230	−0.092%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.298	−0.023%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.360	+0.041%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	−0.092%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0111%	1h	97.194	−0.130%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0230% / S −0.0269%	1h	97.285	−0.036%	$126K	—	111x	as long as short