Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.009%

Price spread now: Vest against HTX+4.288%46s7-day average +3.214% · you sell dearer than you buy

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

Long on HTX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.610%−$61 · spread now +4.288%, 7d avg +3.214%

Together, before fees−0.627%+ Points / potential airdropVest: Active · farm board−$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Vest is 1.074% dearer against HTX than usual: you sell high and buy low, +$107 on $10k if it goes back to its 7-day average of +3.214%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	97.480	0	get 0.0000% / 4h	1h 03m	$280K	$253K	75x
Short	Vest BZ-PERP	101.66	0.0008	get 0.0001% / 1h	3m 36s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now +4.288%Rate

Funding earned: $1.68
Price spread: +4.288% → +3.214%: $107.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $95.08
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: HTX: live order book, 38 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 HTX live order book, 38 min ago	2.56 bp	8.6 bp −$9	15.6 bp −$156	doesn't fit	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	96.970	−0.523%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.226%	$237K	$417K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.510	+0.031%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.502	+0.023%	$339K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	+0.021%	$148.4M	$352.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.460	−0.021%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.490	+0.010%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.466	−0.014%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−0.021%	$9.3M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.490	+0.010%	$27.8M	$17.5M	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	97.528	+0.049%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.499	+0.019%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.530	+0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	+0.021%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.480	long leg	$280K	$253K	75x
Phemex XBRUSDT	0.0000%	4h	97.580	+0.103%	$1.2M	$87K	100x	as long as short
Vest BZ-PERPshort	+0.0008%	1h	101.66	+4.288%	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.062	+0.597%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	97.504	+0.025%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.480	0.000%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.498	+0.018%	$717K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.468	−0.012%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.506	+0.027%	$155.1M	$115.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.569	+0.091%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.440	−0.041%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0055%	4h	97.490	+0.010%	$1.5M	$96K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.470	−0.010%	$3.8M	$812K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.510	+0.031%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.554	+0.076%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.510	+0.031%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.515	+0.036%	$116K	—	111x	as long as short