Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.005%

Price spread now: Vest against Gate+3.833%7-day average +3.367% · you sell dearer than you buy

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

Long on Gate Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +3.833%, 7d avg +3.367%

Together, before fees+0.094%+ Points / potential airdropVest: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.467% dearer against Gate than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +3.367%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BZ_USDT	95.220	0	get 0.0000% / 8h	7h 01m	$9.2M	$11.5M	100x
Short	Vest BZ-PERP	98.870	0.0010	get 0.0001% / 1h	1m 04s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Gate. 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 GatebpFee VestbpOrdersPrice spread, now +3.833%Rate

Funding earned: $2.15
Price spread: +3.833% → +3.367%: $46.66
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Vest: 1 bp × 2 orders: −$2
Net: $31.81
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Gate: 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 Gate live order book, 2 min ago	0.53 bp	11.3 bp −$11	22.2 bp −$222	35.0 bp −$3,501	48.1 bp −$24.0K
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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0275%	1h	95.250	+0.032%	$98K	$268K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	+1.178%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0144%	4h	94.935	−0.299%	$14K	$329K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0100%	1h	94.920	−0.315%	$3.0M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.200	−0.021%	$275K	$589K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.262	+0.044%	$2.3M	$1.8M	20x	as long as short
Bybit BZUSDT	−0.0026%	8h	95.270	+0.053%	$10.0M	$14.5M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.258	+0.040%	$81K	$203K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.270	+0.052%	$330K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.283	+0.066%	$146.3M	$386.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.260	+0.042%	$16.0M	$22.7M	50x	as long as short
Gate BZ_USDTlong	0.0000%	8h	95.220	long leg	$9.2M	$11.5M	100x
Bitget BZUSDT	0.0000%	4h	95.320	+0.105%	$28.1M	$21.7M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.129	−0.095%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.200	−0.021%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.060	−0.168%	$272K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	+0.347%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.057	−0.171%	$218K	$231K	20x	as long as short
Vest BZ-PERPshort	+0.0010%	1h	98.870	+3.833%	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.602	+0.401%	—	—	—	as long as short
Paradex BZ-USD-PERP	+0.0030%	8h	94.970	−0.262%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.260	+0.042%	$3.5M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.341	+0.127%	$742K	$2.7M	10x	as long as short
BloFin BZ-USDT	+0.0041%	4h	95.280	+0.063%	$1.5M	$102K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.328	+0.113%	$151.8M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.229	+0.009%	$1.6M	$384K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	95.399	+0.188%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.350	+0.137%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.150	−0.074%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0112%	1h	95.150	−0.074%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	+0.026%	$33K	—	111x	as long as short