Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.025%

Price spread now: GRVT against Vest−4.049%63s7-day average −3.080% · you buy dearer than you sell

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

Long on Vest Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.101%+$10 on $10k

Price spread, last 3 days (all we have)+0.283%+$28 · spread now −4.049%, 7d avg −3.080%

Together, before fees+0.384%+ Points / potential airdropVest: Active · GRVT: Active · farm board+$38 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 GRVT is 0.969% cheaper against Vest than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of −3.080%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.101%, so the current rate has only just turned against you. The two prices were read 63 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	100.53	0.0046	pay 0.0006% / 1h	30m 11s	—	$735K	10x
Short	GRVT BZ_USDT_Perp	96.460	0	get 0.0000% / 4h	3h 30m	$24K	$375K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −4.049%Rate

Funding earned: −$9.59
Price spread: −4.049% → −3.080%: −$96.86
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$117.46
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 42 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 GRVT live order book, 42 min ago	0.52 bp	6.8 bp −$7	9.9 bp −$99	doesn't fit	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	95.669	−4.835%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−4.436%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.455	−4.054%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.465	−4.043%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.452	−4.057%	$145.6M	$424.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.440	−4.068%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.440	−4.068%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.437	−4.071%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.410	−4.098%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.460	−4.049%	$27.6M	$19.8M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.430	−4.078%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	96.460	−4.049%	$24K	$375K	25x
SunX BRENTOIL-USDT	0.0000%	4h	96.450	−4.058%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.470	−4.039%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−4.098%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	−4.039%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.988	−3.523%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.450	−4.058%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0014%	4h	96.470	−4.038%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.475	−4.033%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0031%	1h	96.360	−4.148%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.460	−4.049%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.461	−4.048%	$748K	$5.4M	10x	as long as short
Paradex BZ-USD-PERP	+0.0042%	8h	96.452	−4.056%	$3K	$521	5x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	100.53	long leg	—	$735K	10x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.484	−4.025%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.505	−4.004%	$1.5M	$511K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	96.480	−4.029%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.480	−4.029%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	−4.019%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0444%	1h	96.482	−4.027%	$7K	$45K	5x	as long as short