Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.012%

Price spread now: Vest against OKX+4.160%7-day average +3.287% · you sell dearer than you buy

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

Long on OKX Short on Vest

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)−0.253%−$25 · spread now +4.160%, 7d avg +3.287%

Together, before fees−0.288%+ Points / potential airdropVest: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Vest is 0.873% dearer against OKX than usual: you sell high and buy low: +$87 more if the spread goes back to its 7-day average of +3.287%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.600	0	get 0.0000% / 4h	2h 08m	$16.1M	$20.5M	50x
Short	Vest BZ-PERP	101.66	0.0015	get 0.0002% / 1h	8m 53s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now +4.160%Rate

Funding earned: $3.11
Price spread: +4.160% → +3.287%: $87.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $78.44
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	0.51 bp	6.5 bp −$7	9.8 bp −$98	23.6 bp −$2,357	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	96.939	−0.677%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.072%	$235K	$426K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.590	−0.010%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.612	+0.013%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.605	+0.005%	$147.6M	$358.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.600	0.000%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.600	long leg	$16.1M	$20.5M	50x
RISEx BZ/USDC	0.0000%	1h	97.549	−0.052%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.560	−0.041%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	−0.010%	$27.7M	$17.3M	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	97.668	+0.070%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	+0.089%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.630	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	+0.020%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.061%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.600	0.000%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.607	+0.007%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.161	+0.575%	—	—	—	as long as short
Vest BZ-PERPshort	+0.0015%	1h	101.66	+4.160%	—	$735K	10x
edgeX BZUSDC	+0.0018%	4h	97.666	+0.068%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	+0.020%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.600	0.000%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.612	+0.012%	$681K	$3.6M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.575	−0.026%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.611	+0.011%	$154.4M	$122.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.626	+0.027%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.082%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0073%	1h	97.639	+0.040%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.630	+0.031%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.092%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.605	+0.005%	$116K	—	111x	as long as short