Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.038%

Price spread now: Paradex against Vest−4.114%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 4.114% cheaper against Vest than usual: you would sell low and buy high, −$411 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	100.32	0.0046	pay 0.0006% / 1h	52m 26s	—	$735K	10x
Short	Paradex BZ-USD-PERP	96.193	0.0037	get 0.0037% / 8h	7h 52m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −4.114%Rate

Funding earned: −$1.76
Price spread: −4.114% → 0.000%: −$411.4
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$419.15
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.215	−4.092%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−4.795%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−4.236%	$232K	$483K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0066%	4h	96.139	−4.168%	$34K	$365K	25x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	−4.097%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−4.107%	$145.7M	$439.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.220	−4.087%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.200	−4.107%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.189	−4.118%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.270	−4.037%	$33K	—	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	96.150	−4.157%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.230	−4.077%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.142	−4.165%	$9.3M	$7.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.220	−4.087%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.250	−4.057%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−4.167%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	−3.947%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.793	−3.516%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.166	−4.141%	$220K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.242	−4.065%	$83K	$233K	20x	as long as short
Paradex BZ-USD-PERPshort	+0.0037%	8h	96.193	−4.114%	$3K	$521	5x
Ondo Perps BRENT-USD.P	+0.0038%	1h	96.160	−4.147%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	100.32	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0048%	1h	96.220	−4.087%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.245	−4.062%	$151.0M	$143.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.290	−4.017%	$1.5M	$502K	20x	as long as short
BloFin BZ-USDT	+0.0057%	4h	96.230	−4.077%	$1.5M	$95K	50x	as long as short
Extended XBR-USD	+0.0072%	1h	96.224	−4.083%	$760K	$5.3M	10x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.260	−4.047%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.100	−4.207%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0605%	1h	96.166	−4.141%	$6K	$44K	5x	as long as short