Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.012%

Price spread now: OKX against Vest−3.962%7-day average −3.287% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −3.962%, 7d avg −3.287%

Together, before fees+0.090%+ Points / potential airdropVest: Active · farm board+$9 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 OKX is 0.676% cheaper against Vest than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −3.287%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.71	0.0014	pay 0.0002% / 1h	1m 06s	—	$735K	10x
Short	OKX BZ-USDT-SWAP	97.680	0	get 0.0000% / 4h	2h 01m	$16.1M	$20.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −3.962%Rate

Funding earned: −$2.94
Price spread: −3.962% → −3.287%: −$67.57
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.51
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.51 bp	5.7 bp −$6	9.3 bp −$93	23.8 bp −$2,382	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	96.939	−4.691%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−4.110%	$235K	$424K	15x	as long as short
BloFin BZ-USDT	−0.0030%	4h	97.680	−3.962%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.672	−3.970%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.664	−3.978%	$147.6M	$356.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.660	−3.982%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.680	−3.962%	$16.1M	$20.0M	50x
RISEx BZ/USDC	0.0000%	1h	97.627	−4.014%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.640	−4.002%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.660	−3.982%	$27.8M	$17.2M	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	97.538	−4.102%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.553	−4.087%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.670	−3.972%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.670	−3.972%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.560	−4.080%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.640	−4.002%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.555	−4.085%	$225K	$228K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.687	−3.956%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.237	−3.415%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0014%	1h	101.71	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.670	−3.972%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.671	−3.971%	$681K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	97.590	−4.051%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.654	−3.988%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.680	−3.962%	$154.5M	$122.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.694	−3.948%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.540	−4.100%	$3.1M	$996K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0075%	1h	97.605	−4.036%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.700	−3.943%	$3.8M	$831K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−4.080%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.685	−3.957%	$116K	—	111x	as long as short