Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h −0.019%

Price spread now: Vest against Bybit+4.183%7-day average +3.246% · you sell dearer than you buy

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

Long on Bybit Short on Vest

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 4 days (all we have)−0.314%−$31 · spread now +4.183%, 7d avg +3.246%

Together, before fees−0.296%+ Points / potential airdropVest: Active · farm board−$30 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 0.937% dearer against Bybit than usual: you sell high and buy low: +$94 more if the spread goes back to its 7-day average of +3.246%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BZUSDT	97.060	0	get 0.0000% / 8h	5h 07m	$10.3M	$13.1M	100x
Short	Vest BZ-PERP	101.12	0.0040	get 0.0005% / 1h	7m 00s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bybit. 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 BybitbpFee VestbpOrdersPrice spread, now +4.183%Rate

Funding earned: $8.3
Price spread: +4.183% → +3.246%: $93.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: $88.97
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.51 bp	9.6 bp −$10	11.7 bp −$117	93.8 bp −$9,385	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	96.141	−0.947%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−0.072%	$234K	$433K	15x	as long as short
BloFin BZ-USDT	−0.0038%	4h	97.050	−0.010%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.040	−0.021%	$337K	$969K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.085	+0.026%	$146.9M	$372.5M	100x	as long as short
Bybit BZUSDTlong	0.0000%	8h	97.060	long leg	$10.3M	$13.1M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.080	+0.021%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.061	+0.002%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.010	−0.052%	$9.2M	$12.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.070	+0.010%	$27.4M	$16.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.976	−0.086%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.972	−0.091%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.090	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.050	−0.010%	$104K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.980	−0.082%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.100	+0.041%	$1.2M	$86K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.601	+0.558%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.970	−0.093%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.070	+0.010%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.087	+0.028%	$675K	$4.7M	10x	as long as short
Vest BZ-PERPshort	+0.0040%	1h	101.12	+4.183%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.070	+0.010%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.086	+0.027%	$152.1M	$124.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.121	+0.063%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.040	−0.021%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.070	+0.010%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.110	+0.052%	$3.8M	$872K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.020	−0.041%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0124%	1h	97.009	−0.053%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0186% / S +0.0025%	1h	97.055	−0.005%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.069	+0.009%	$84K	$218K	20x	as long as short