Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.017%

Price spread now: Bybit against Vest−4.000%7-day average −3.258% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.120%+$12 · spread now −4.000%, 7d avg −3.258%

Together, before fees+0.101%+ Points / potential airdropVest: Active · farm board+$10 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 Bybit is 0.742% cheaper against Vest than usual: you would sell low and buy high (−$74 if the spread goes back to its 7-day average of −3.258%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.25	0.0032	pay 0.0004% / 1h	23m 02s	—	$735K	10x
Short	Bybit BZUSDT	97.200	0	get 0.0000% / 8h	4h 23m	$10.4M	$12.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −4.000%Rate

Funding earned: −$6.72
Price spread: −4.000% → −3.258%: −$74.23
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.95
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.51 bp	7.5 bp −$8	11.4 bp −$114	120.1 bp −$12.0K	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	96.571	−4.621%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−3.960%	$234K	$437K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0059%	1h	97.210	−3.990%	$104K	$232K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0008%	1h	97.240	−3.960%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−3.980%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.200	−4.000%	$147.1M	$370.0M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	97.200	−4.000%	$10.4M	$12.9M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	−3.990%	$16.1M	$20.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.206	−3.994%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−4.040%	$9.2M	$12.2M	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	97.210	−3.990%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.167	−4.033%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.210	−3.990%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.220	−3.980%	$4K	$2.5M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−4.040%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	−3.872%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.760	−3.447%	—	—	—	as long as short
BloFin BZ-USDT	+0.0016%	4h	97.210	−3.990%	$1.5M	$92K	50x	as long as short
edgeX BZUSDC	+0.0016%	4h	97.176	−4.024%	$223K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−3.980%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.213	−3.987%	$680K	$4.4M	10x	as long as short
Vest BZ-PERPlong	+0.0032%	1h	101.25	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.207	−3.993%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.253	−3.948%	$153.2M	$126.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.271	−3.930%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.160	−4.040%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.250	−3.951%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	−4.020%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0106%	1h	97.281	−3.920%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.246	−3.955%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S −0.0080%	1h	97.205	−3.995%	$126K	—	111x	as long as short