Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: edgeX against Vest−4.018%57s7-day average −3.336% · you buy dearer than you sell

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

Long on Vest Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.115%+$11 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −4.018%, 7d avg −3.336%

Together, before fees+0.159%+ Points / potential airdropVest: Active · edgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.682% cheaper against Vest than usual: you would sell low and buy high, −$68 on $10k if it goes back to its 7-day average of −3.336%. The two prices were read 57 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	101.19	0.0010	pay 0.0001% / 1h	13m 40s	—	$735K	10x
Short	edgeX BZUSDC	97.124	0.0006	get 0.0003% / 4h	13m 40s	$223K	$230K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −4.018%Rate

Funding earned: −$0.74
Price spread: −4.018% → −3.336%: −$68.2
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$79.94
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; edgeX: live order book, 23 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 edgeX live order book, 23 min ago	10.27 bp	14.8 bp −$15	15.9 bp −$159	60.4 bp −$6,036	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	96.342	−4.791%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0162%	1h	97.110	−4.032%	$100K	$256K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	−4.032%	$236K	$416K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.140	−4.002%	$1.5M	$98K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0008%	1h	97.000	−4.141%	$3.1M	$996K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.099	−4.043%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.060	−4.081%	$148.1M	$351.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.050	−4.091%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−4.091%	$16.0M	$19.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.029	−4.112%	$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	97.030	−4.111%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.080	−4.062%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.090	−4.052%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.146	−3.996%	$17K	$319K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.170	−3.973%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.000	−4.141%	$278K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.550	−3.597%	$1.2M	$86K	100x	as long as short
edgeX BZUSDCshort	+0.0006%	4h	97.124	−4.018%	$223K	$230K	20x
Vest BZ-PERPlong	+0.0010%	1h	101.19	long leg	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.677	−3.472%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.080	−4.062%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.084	−4.058%	$728K	$2.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.070	−4.071%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.102	−4.040%	$155.1M	$115.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.198	−3.945%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.118	−4.024%	$7K	$40K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.190	−3.953%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.110	−4.032%	$3.8M	$803K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.150	−3.992%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.129	−4.014%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.135	−4.007%	$115K	—	111x	as long as short