Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.051%

Price spread now: Vest against KuCoin+4.134%7-day average +3.220% · you sell dearer than you buy

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

Long on KuCoin Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.163%−$16 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now +4.134%, 7d avg +3.220%

Together, before fees−0.427%+ Points / potential airdropVest: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.914% dearer against KuCoin than usual: you sell high and buy low (spread +4.134% now, against its 7-day average of +3.220%): +$91 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 56 days. At the pace of the last 3 days (−0.163% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	96.990	0.0100	pay 0.0050% / 4h	2h 13m	$3.8M	$885K	50x
Short	Vest BZ-PERP	101.00	0.0046	get 0.0006% / 1h	13m 21s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now +4.134%Rate

Funding earned: −$11.41
Price spread: +4.134% → +3.220%: $91.44
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $66.03
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.51 bp	6.5 bp −$7	37.9 bp −$379	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 30 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	95.978	−1.043%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.186%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.950	−0.041%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.930	−0.062%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.920	−0.072%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.920	−0.072%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−0.072%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.916	−0.076%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−0.113%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−0.062%	$27.5M	$16.3M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.927	−0.065%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.956	−0.035%	$37K	$354K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	−0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−0.041%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−0.021%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.980	−0.010%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.945	−0.047%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.461	+0.486%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	−0.031%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.924	−0.068%	$677K	$5.0M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	101.00	+4.134%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.920	−0.072%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.940	−0.052%	$151.8M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.979	−0.011%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−0.072%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	96.990	long leg	$3.8M	$885K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.000	+0.010%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0081%	1h	96.915	−0.077%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0228%	1h	96.960	−0.031%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.964	−0.027%	$84K	$218K	20x	as long as short