Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.020%

Price spread now: Vest against Paradex+4.142%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. Vest is 4.142% dearer against Paradex than usual: you sell high and buy low (spread +4.142% now, against zero (this spread has no 7-day history yet)): +$414 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.367	0.0050	pay 0.0050% / 8h	4m 05s	$2K	$1K	5x
Short	Vest BZ-PERP	101.40	0.0010	get 0.0001% / 1h	4m 05s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Paradex. 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 ParadexbpFee VestbpOrdersPrice spread, now +4.142%Rate

Funding earned: −$8.43
Price spread: +4.142% → 0.000%: $414.17
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Vest: 1 bp × 2 orders: −$2
Net: $399.74
Costs to cover: 0.060%
Break-even: from the start

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

Paradex and 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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0264%	1h	97.300	−0.069%	$100K	$256K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.053%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.116%	$237K	$402K	15x	as long as short
BloFin BZ-USDT	−0.0035%	4h	97.360	−0.008%	$1.5M	$99K	50x	as long as short
Ondo Perps BRENT-USD.P	−0.0016%	1h	97.350	−0.018%	$3.1M	$1.0M	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.381	+0.014%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.340	−0.028%	$148.2M	$351.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.330	−0.038%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.320	−0.049%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.319	−0.050%	$2.4M	$1.7M	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	97.280	−0.090%	$9.2M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.340	−0.028%	$27.9M	$18.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.402	+0.035%	$9.5M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.430	+0.064%	$14K	$332K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.360	−0.008%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.290	−0.079%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.400	+0.034%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.432	+0.067%	$224K	$229K	20x	as long as short
Vest BZ-PERPshort	+0.0010%	1h	101.40	+4.142%	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.903	+0.551%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.290	−0.079%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.379	+0.012%	$743K	$2.9M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.367	long leg	$2K	$1K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.349	−0.019%	$155.4M	$115.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.392	+0.025%	$1.6M	$395K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0076%	1h	97.344	−0.024%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.330	−0.038%	$3.8M	$800K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.450	+0.085%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.329	−0.039%	$82K	$200K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0168%	1h	97.440	+0.075%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.325	−0.043%	$115K	—	111x	as long as short