Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0089%/8h= −9.7% APRpaid last 24h −0.039%

Price spread now: Vest against KuCoin+4.224%7-day average +3.274% · you sell dearer than you buy

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

Long on KuCoin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.478%−$48 · spread now +4.224%, 7d avg +3.274%

Together, before fees−0.644%+ Points / potential airdropVest: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.950% dearer against KuCoin than usual: you sell high and buy low (spread +4.224% now, against its 7-day average of +3.274%): +$95 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.770	0.0100	pay 0.0050% / 4h	1h 42m	$3.8M	$825K	50x
Short	Vest BZ-PERP	101.90	0.0011	get 0.0001% / 1h	42m 09s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now +4.224%Rate

Funding earned: −$18.61
Price spread: +4.224% → +3.274%: $95.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $62.42
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.51 bp	10.5 bp −$10	40.5 bp −$405	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	96.817	−0.975%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.245%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0057%	1h	97.720	−0.051%	$100K	$251K	15x	as long as short
BloFin BZ-USDT	−0.0022%	4h	97.770	0.000%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.762	−0.008%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.745	−0.026%	$147.6M	$352.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.690	−0.082%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.730	−0.041%	$16.1M	$19.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.789	+0.019%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.690	−0.082%	$9.3M	$10.9M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.750	−0.020%	$28.0M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.738	−0.033%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.800	+0.031%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	+0.051%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.760	−0.010%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	+0.020%	$1.2M	$87K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.792	+0.023%	$225K	$229K	20x	as long as short
Vest BZ-PERPshort	+0.0011%	1h	101.90	+4.224%	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.319	+0.562%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.740	−0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.737	−0.034%	$682K	$3.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.795	+0.025%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.778	+0.008%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.833	+0.064%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.760	−0.010%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0085%	1h	97.826	+0.057%	$7K	$41K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.770	long leg	$3.8M	$825K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.840	+0.072%	$26K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0128%	1h	97.820	+0.051%	$34K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.786	+0.016%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.765	−0.005%	$116K	—	111x	as long as short