Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0019%/8h= +2.0% APRpaid last 24h −0.015%

Price spread now: Vest against BloFin+4.200%7-day average +3.130% · you sell dearer than you buy

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

Long on BloFin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 4 days (all we have)−0.136%−$14 · spread now +4.200%, 7d avg +3.130%

Together, before fees−0.175%+ Points / potential airdropVest: Active · farm board−$17 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 1.070% dearer against BloFin than usual: you sell high and buy low: +$107 more if the spread goes back to its 7-day average of +3.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	96.900	0.0025	pay 0.0013% / 4h	1h 30m	$1.5M	$86K	50x
Short	Vest BZ-PERP	100.97	0.0044	get 0.0005% / 1h	30m 38s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against BloFin. 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 BloFinbpFee VestbpOrdersPrice spread, now +4.200%Rate

Funding earned: $3.92
Price spread: +4.200% → +3.130%: $107.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $96.94
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: BloFin: live order book, 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 BloFin live order book, 2 min ago	0.52 bp	7.5 bp −$8	9.1 bp −$91	16.6 bp −$1,663	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	96.164	−0.760%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.850	−0.052%	$233K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.895	−0.005%	$336K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.930	+0.031%	$146.7M	$374.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.900	0.000%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.900	0.000%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.916	+0.017%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−0.021%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	+0.041%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.885	−0.015%	$9.3M	$7.1M	—	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	96.909	+0.009%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.910	+0.010%	$103K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.031%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.920	+0.021%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.038%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.447	+0.564%	—	—	—	as long as short
BloFin BZ-USDTlong	+0.0025%	4h	96.900	long leg	$1.5M	$86K	50x
Lighter BRENTOIL	+0.0032%	1h	96.930	+0.031%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.941	+0.042%	$676K	$4.8M	10x	as long as short
Vest BZ-PERPshort	+0.0044%	1h	100.97	+4.200%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	96.927	+0.027%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.920	+0.021%	$151.9M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.965	+0.067%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.890	−0.010%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	96.920	+0.021%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.980	+0.083%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.870	−0.031%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0170%	1h	96.896	−0.004%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0182% / S +0.0046%	1h	96.905	+0.005%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.927	+0.028%	$83K	$218K	20x	as long as short