Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.005%

Price spread now: Gate against Vest−3.896%7-day average −3.367% · you buy dearer than you sell

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

Long on Vest Short on Gate

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)+0.006%+$1 · spread now −3.896%, 7d avg −3.367%

Together, before fees−0.031%+ Points / potential airdropVest: Active · farm board−$3 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 Gate is 0.529% cheaper against Vest than usual: you would sell low and buy high (−$53 if the spread goes back to its 7-day average of −3.367%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	98.820	0.0010	pay 0.0001% / 1h	2m 06s	—	$735K	10x
Short	Gate BZ_USDT	94.970	0	get 0.0000% / 8h	7h 02m	$9.1M	$11.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GatebpOrdersPrice spread, now −3.896%Rate

Funding earned: −$2.07
Price spread: −3.896% → −3.367%: −$52.93
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: 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 Gate live order book, 1 min ago	0.53 bp	13.3 bp −$13	23.9 bp −$239	30.2 bp −$3,020	42.8 bp −$21.4K

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0381%	1h	95.060	−3.805%	$98K	$268K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−2.508%	$8K	$7K	30x	as long as short
GRVT BZ_USDT_Perp	−0.0144%	4h	94.935	−3.931%	$14K	$329K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0099%	1h	95.000	−3.866%	$3.0M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	95.100	−3.764%	$274K	$584K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	95.262	−3.600%	$2.3M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.290	−3.572%	$1.5M	$102K	50x	as long as short
Bybit BZUSDT	−0.0018%	8h	95.010	−3.855%	$10.0M	$14.5M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	95.083	−3.781%	$81K	$203K	20x	as long as short
Aster BZUSDT	0.0000%	4h	95.072	−3.793%	$329K	$702K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BZUSDT	0.0000%	4h	95.000	−3.866%	$145.8M	$384.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.980	−3.886%	$15.9M	$22.5M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	94.970	−3.896%	$9.1M	$11.4M	100x
Bitget BZUSDT	0.0000%	4h	95.060	−3.805%	$28.1M	$21.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.129	−3.735%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.080	−3.785%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.060	−3.805%	$272K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.410	−3.451%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	95.057	−3.808%	$218K	$231K	20x	as long as short
Vest BZ-PERPlong	+0.0010%	1h	98.820	long leg	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.602	−3.256%	—	—	—	as long as short
Paradex BZ-USD-PERP	+0.0032%	8h	95.054	−3.811%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.070	−3.795%	$3.5M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.104	−3.760%	$732K	$2.6M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.050	−3.815%	$151.5M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.111	−3.753%	$1.5M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0056%	1h	95.495	−3.364%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.110	−3.754%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.150	−3.714%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0112%	1h	95.150	−3.714%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.045	−3.820%	$33K	—	111x	as long as short