Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.050%

Price spread now: Vest against OKX+4.146%7-day average +3.200% · you sell dearer than you buy

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

Long on OKX 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 3 days (all we have)−0.243%−$24 · spread now +4.146%, 7d avg +3.200%

Together, before fees−0.282%+ Points / potential airdropVest: Active · farm board−$28 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 0.946% dearer against OKX than usual: you sell high and buy low: +$95 more if the spread goes back to its 7-day average of +3.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	95.750	0	get 0.0000% / 4h	1h 49m	$15.7M	$28.8M	50x
Short	Vest BZ-PERP	99.720	0.0046	get 0.0006% / 1h	49m 13s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now +4.146%Rate

Funding earned: $9.59
Price spread: +4.146% → +3.200%: $94.62
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $92.21
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.52 bp	6.3 bp −$6	10.9 bp −$109	38.1 bp −$3,806	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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0799% / S +0.0481%	1h	95.765	+0.016%	$114K	—	29x	as long as short
Ondo Perps BRENT-USD.P	−0.0591%	1h	95.730	−0.021%	$3.0M	$1.1M	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.248	−0.524%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0200%	1h	95.790	+0.042%	$147.4M	$146.6M	20x	as long as short
Lighter BRENTOIL	−0.0176%	1h	95.790	+0.042%	$3.3M	$4.2M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0152%	1h	95.770	+0.021%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0075%	1h	95.743	−0.007%	$2.2M	$1.3M	20x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.740	−0.010%	$1.5M	$95K	50x	as long as short
GRVT BZ_USDT_Perp	−0.0042%	4h	95.760	+0.010%	$34K	$396K	25x	as long as short
Paradex BZ-USD-PERP	−0.0019%	8h	95.744	−0.006%	$3K	$521	5x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.313%	$232K	$680K	15x	as long as short
Aster BZUSDT	0.0000%	4h	95.834	+0.087%	$333K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.760	+0.010%	$145.3M	$483.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.750	0.000%	$10.2M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	95.750	long leg	$15.7M	$28.8M	50x
Gate BZ_USDT	0.0000%	8h	95.730	−0.021%	$9.2M	$17.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.750	0.000%	$27.4M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.737	−0.014%	$9.2M	$9.2M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.790	+0.042%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.800	+0.052%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.740	−0.010%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.820	+0.073%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	95.735	−0.015%	$219K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0017%	1h	95.803	+0.055%	$5K	$45K	5x	as long as short
Extended XBR-USD	+0.0032%	1h	95.905	+0.162%	$675K	$5.3M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	99.720	+4.146%	—	$735K	10x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.806	+0.058%	$1.5M	$531K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.790	+0.042%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.780	+0.031%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0556%	1h	95.808	+0.060%	$81K	$244K	20x	as long as short