Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h +0.043%

Price spread now: KuCoin against Vest−3.974%7-day average −3.253% · you buy dearer than you sell

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

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.166%+$17 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −3.974%, 7d avg −3.253%

Together, before fees+0.266%+ Points / potential airdropVest: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.721% cheaper against Vest than usual: you would sell low and buy high (spread −3.974% now, against its 7-day average of −3.253%). If the spread goes back, that is −$72 on $10k: about 32 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.166% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.40	0.0026	pay 0.0003% / 1h	16m 58s	—	$735K	10x
Short	KuCoin BZUSDTM	97.370	0.0100	get 0.0050% / 4h	3h 16m	$3.8M	$851K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −3.974%Rate

Funding earned: $15.54
Price spread: −3.974% → −3.253%: −$72.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$70.56
Costs to cover: 0.140%
Break-even: 38.8 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	0.51 bp	12.0 bp −$12	38.3 bp −$383	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	96.536	−4.797%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−4.073%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.360	−3.984%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.350	−3.994%	$147.3M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.340	−4.004%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	−4.004%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.337	−4.007%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.310	−4.034%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.350	−3.994%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.278	−4.065%	$9.3M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.297	−4.047%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	−3.984%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	−3.984%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−4.024%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.520	−3.826%	$1.2M	$82K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.885	−3.466%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	97.273	−4.070%	$223K	$227K	20x	as long as short
Vest BZ-PERPlong	+0.0026%	1h	101.40	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.350	−3.994%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.357	−3.987%	$680K	$4.0M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.366	−3.978%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.362	−3.982%	$153.7M	$125.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.377	−3.967%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.310	−4.034%	$3.1M	$1.0M	15x	as long as short
BloFin BZ-USDT	+0.0055%	4h	97.390	−3.955%	$1.5M	$92K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.342	−4.002%	$82K	$208K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0095%	1h	97.355	−3.990%	$7K	$43K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.370	−3.974%	$3.8M	$851K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−3.984%	$26K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0216%	1h	97.370	−3.974%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0263% / S −0.1535%	1h	97.345	−3.999%	$115K	—	111x	as long as short