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: Vest against HTX+4.353%7-day average +3.147% · you sell dearer than you buy

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

Long on HTX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.020%−$2 on $10k

Price spread, last 3 days (all we have)−0.675%−$67 · spread now +4.353%, 7d avg +3.147%

Together, before fees−0.695%+ Points / potential airdropVest: Active · farm board−$69 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 1.205% dearer against HTX than usual: you sell high and buy low: +$121 more if the spread goes back to its 7-day average of +3.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BRENTOIL-USDT	96.490	0	get 0.0000% / 4h	3h 22m	$307K	$226K	75x
Short	Vest BZ-PERP	100.69	0.0046	get 0.0006% / 1h	22m 07s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against HTX. 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 HTXbpFee VestbpOrdersPrice spread, now +4.353%Rate

Funding earned: $9.59
Price spread: +4.353% → +3.147%: $120.55
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $116.14
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: HTX: live order book, 50 min ago; Vest: 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 HTX live order book, 50 min ago	1.56 bp	7.6 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

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	−0.851%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.435%	$232K	$467K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.645	+0.161%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.665	+0.181%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.621	+0.136%	$145.8M	$422.0M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.610	+0.124%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.600	+0.114%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.602	+0.116%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.590	+0.104%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.640	+0.155%	$27.6M	$19.2M	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	96.459	−0.032%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	+0.014%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.600	+0.114%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.670	+0.187%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	96.490	long leg	$307K	$226K	75x
Phemex XBRUSDT	0.0000%	4h	96.630	+0.145%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.183	+0.719%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.500	+0.010%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0017%	4h	96.499	+0.009%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.659	+0.175%	$83K	$235K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.640	+0.155%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.655	+0.171%	$739K	$5.4M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	96.540	+0.052%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.590	+0.104%	$33K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0044%	8h	96.568	+0.081%	$3K	$521	5x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.69	+4.353%	—	$735K	10x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.646	+0.162%	$151.6M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.685	+0.202%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.670	+0.187%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	+0.010%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0399%	1h	96.524	+0.036%	$7K	$45K	5x	as long as short