Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h −0.022%

Price spread now: Vest against SunX+4.143%7-day average +3.107% · you sell dearer than you buy

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

Long on SunX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.614%−$61 · spread now +4.143%, 7d avg +3.107%

Together, before fees−0.628%+ Points / potential airdropVest: Active · farm board−$63 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 1.036% dearer against SunX than usual: you sell high and buy low: +$104 more if the spread goes back to its 7-day average of +3.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BRENTOIL-USDT	96.800	0	get 0.0000% / 4h	2h 34m	$4K	$2.6M	20x
Short	Vest BZ-PERP	100.81	0.0046	get 0.0006% / 1h	34m 51s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against SunX. 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 SunXbpFee VestbpOrdersPrice spread, now +4.143%Rate

Funding earned: $9.59
Price spread: +4.143% → +3.107%: $103.59
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: $103.18
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: SunX: live order book, 2 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 SunX live order book, 2 min ago	18.59 bp	22.6 bp −$23	30.7 bp −$307	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	96.070	−0.754%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.155%	$234K	$421K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.790	−0.010%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0052%	4h	96.760	−0.041%	$1.5M	$90K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.747	−0.055%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.744	−0.057%	$146.2M	$387.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.740	−0.062%	$10.3M	$14.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.740	−0.062%	$15.9M	$22.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.764	−0.037%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.710	−0.093%	$9.2M	$12.7M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.750	−0.052%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.770	−0.031%	$9.3M	$7.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.738	−0.064%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	96.800	long leg	$4K	$2.6M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.780	−0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.740	−0.062%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.740	−0.062%	$1.2M	$85K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.295	+0.511%	—	—	—	as long as short
edgeX BZUSDC	+0.0013%	4h	96.740	−0.062%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.750	−0.052%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.740	−0.062%	$673K	$5.2M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.81	+4.143%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0048%	8h	96.771	−0.030%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.755	−0.046%	$151.5M	$129.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.844	+0.045%	$1.5M	$486K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.720	−0.083%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.810	+0.010%	$3.8M	$892K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.800	0.000%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0206% / S +0.0100%	1h	96.765	−0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.778	−0.023%	$83K	$218K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0266%	1h	96.832	+0.033%	$7K	$45K	5x	as long as short