Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.012%

Price spread now: Vest against Variational Omni+4.185%7-day average +3.306% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +4.185%, 7d avg +3.306%

Together, before fees−0.341%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$34 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 0.878% dearer against Variational Omni than usual: you sell high and buy low: +$88 more if the spread goes back to its 7-day average of +3.306%. Mind the row above: over the last 3 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BZ	97.500	0	get 0.0000% / 4h	2h 34m	$9.4M	$7.0M	—
Short	Vest BZ-PERP	101.58	0.0018	get 0.0002% / 1h	34m 36s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Variational Omni. 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 Variational OmnibpFee VestbpOrdersPrice spread, now +4.185%Rate

Funding earned: $3.83
Price spread: +4.185% → +3.306%: $87.84
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $89.67
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	4.2 bp −$42	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	96.783	−0.735%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	+0.031%	$235K	$434K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.532	+0.033%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.525	+0.025%	$147.7M	$362.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.530	+0.031%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.530	+0.031%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.504	+0.004%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.490	−0.010%	$9.3M	$11.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.510	+0.010%	$28.0M	$16.5M	100x	as long as short
Variational Omni BZlong	0.0000%	4h	97.500	long leg	$9.4M	$7.0M	—

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.507	+0.008%	$26K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.540	+0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.520	+0.021%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.470	−0.031%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	+0.021%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.498	−0.002%	$224K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.548	+0.050%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.071	+0.586%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.540	+0.041%	$34K	—	20x	as long as short
Vest BZ-PERPshort	+0.0018%	1h	101.58	+4.185%	—	$735K	10x
BloFin BZ-USDT	+0.0027%	4h	97.520	+0.021%	$1.5M	$97K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.520	+0.021%	$3.2M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.532	+0.033%	$680K	$3.7M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0049%	1h	97.540	+0.041%	$7K	$42K	5x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.516	+0.016%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.541	+0.042%	$153.9M	$124.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.568	+0.070%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.470	−0.031%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.540	+0.041%	$3.8M	$840K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.510	+0.010%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0308% / S −0.2460%	1h	97.525	+0.026%	$115K	—	111x	as long as short