Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h +0.004%

Price spread now: BloFin against Vest−4.051%7-day average −3.195% · you buy dearer than you sell

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.496%+$50 · spread now −4.051%, 7d avg −3.195%

Together, before fees+0.533%+ Points / potential airdropVest: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.855% cheaper against Vest than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of −3.195%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.71	0.0007	pay 0.0001% / 1h	51m 50s	—	$735K	10x
Short	BloFin BZ-USDT	97.590	−0.0002	pay 0.0001% / 4h	51m 50s	$1.5M	$96K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −4.051%Rate

Funding earned: −$1.94
Price spread: −4.051% → −3.195%: −$85.54
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$101.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	1.02 bp	7.0 bp −$7	8.7 bp −$87	16.1 bp −$1,613	doesn't fit

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	97.155	−4.478%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0058%	1h	97.520	−4.120%	$100K	$253K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−3.943%	$237K	$415K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0016%	1h	97.620	−4.021%	$34K	—	20x	as long as short
BloFin BZ-USDTshort	−0.0002%	4h	97.590	−4.051%	$1.5M	$96K	50x
Aster BZUSDT	0.0000%	4h	97.539	−4.100%	$339K	$868K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.540	−4.100%	$148.6M	$353.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.540	−4.100%	$10.2M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.520	−4.120%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.543	−4.097%	$2.4M	$1.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	97.520	−4.120%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.570	−4.070%	$28.0M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.787	−3.857%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.709	−3.934%	$25K	$321K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.620	−4.021%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.410	−4.228%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	−4.041%	$1.2M	$87K	100x	as long as short
Vest BZ-PERPlong	+0.0007%	1h	101.71	long leg	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.106	−3.543%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	97.818	−3.826%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.520	−4.120%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.562	−4.079%	$733K	$3.2M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.551	−4.089%	$3K	$639	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.557	−4.083%	$155.4M	$114.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.610	−4.031%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.510	−4.129%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.640	−4.002%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.530	−4.110%	$3.8M	$806K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.810	−3.834%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.563	−4.077%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.525	−4.115%	$116K	—	111x	as long as short