Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h +0.018%

Price spread now: Binance against Vest−4.023%47s7-day average −3.108% · you buy dearer than you sell

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.376%+$38 · spread now −4.023%, 7d avg −3.108%

Together, before fees+0.480%+ Points / potential airdropVest: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.915% cheaper against Vest than usual: you would sell low and buy high (−$91 if the spread goes back to its 7-day average of −3.108%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.104%, so the current rate has only just turned against you. The two prices were read 47 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	Vest BZ-PERP	101.07	0.0040	pay 0.0005% / 1h	10m 40s	—	$735K	10x
Short	Binance BZUSDT	97.004	0	get 0.0000% / 4h	1h 10m	$146.7M	$372.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −4.023%Rate

Funding earned: −$8.43
Price spread: −4.023% → −3.108%: −$91.48
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$111.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Binance: live order book, 3 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.51 bp	6.1 bp −$6	6.8 bp −$68	13.0 bp −$1,302	44.2 bp −$22.1K

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	96.141	−4.877%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.990	−4.037%	$234K	$433K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.993	−4.034%	$337K	$984K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.004	−4.023%	$146.7M	$372.4M	100x
Bybit BZUSDT	0.0000%	8h	96.990	−4.037%	$10.3M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.010	−4.017%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.993	−4.034%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−4.076%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−4.007%	$27.4M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.976	−4.051%	$9.4M	$7.1M	—	as long as short

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	97.018	−4.009%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.010	−4.017%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	−4.037%	$103K	$247K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−4.057%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.990	−4.037%	$1.2M	$86K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.543	−3.490%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.993	−4.034%	$222K	$226K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.010	−4.017%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.011	−4.016%	$675K	$4.7M	10x	as long as short
Vest BZ-PERPlong	+0.0040%	1h	101.07	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.012	−4.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.027	−4.000%	$151.9M	$125.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.058	−3.970%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.950	−4.076%	$3.1M	$1.1M	15x	as long as short
BloFin BZ-USDT	+0.0053%	4h	97.010	−4.017%	$1.5M	$91K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.030	−3.997%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.040	−3.987%	$3.8M	$873K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.010	−4.017%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0133%	1h	96.996	−4.031%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S +0.0029%	1h	96.995	−4.032%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.005	−4.022%	$84K	$218K	20x	as long as short