Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.028%

Price spread now: Gate against Vest−3.812%7-day average −3.267% · you buy dearer than you sell

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now −3.812%, 7d avg −3.267%

Together, before fees−0.184%+ Points / potential airdropVest: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.545% cheaper against Vest than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of −3.267%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	99.950	0.0046	pay 0.0006% / 1h	35m 48s	—	$735K	10x
Short	Gate BZ_USDT	96.140	0	get 0.0000% / 8h	35m 48s	$9.2M	$16.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Vest. 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 VestbpFee GatebpOrdersPrice spread, now −3.812%Rate

Funding earned: −$9.59
Price spread: −3.812% → −3.267%: −$54.49
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.09
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 3 min ago. 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 Vest no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.52 bp	12.7 bp −$13	23.7 bp −$237	29.2 bp −$2,925	41.1 bp −$20.5K

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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.175	−3.777%	$120K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	−0.0352%	1h	96.250	−3.702%	$33K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0269%	1h	96.210	−3.742%	$103K	$277K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.348	−4.604%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−3.882%	$232K	$578K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.188	−3.764%	$2.2M	$1.3M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0016%	4h	96.079	−3.873%	$34K	$375K	25x	as long as short
edgeX BZUSDC	−0.0013%	4h	96.131	−3.821%	$220K	$233K	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0007%	1h	96.260	−3.692%	$150.3M	$144.0M	20x	as long as short
Binance BZUSDT	−0.0003%	4h	96.185	−3.767%	$146.0M	$466.2M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	96.167	−3.784%	$334K	$1.4M	50x	as long as short
Bybit BZUSDT	0.0000%	8h	96.180	−3.772%	$10.4M	$16.0M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.180	−3.772%	$15.8M	$26.9M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	96.140	−3.812%	$9.2M	$16.3M	100x
Bitget BZUSDT	0.0000%	4h	96.180	−3.772%	$27.4M	$20.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.184	−3.768%	$9.3M	$7.9M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.220	−3.732%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.160	−3.792%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.210	−3.742%	$1.2M	$99K	100x	as long as short
Paradex BZ-USD-PERP	+0.0015%	8h	96.191	−3.760%	$3K	$521	5x	as long as short
Aftermath Perps BRENTUSD	+0.0039%	1h	96.236	−3.716%	$6K	$45K	5x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	99.950	long leg	—	$735K	10x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.256	−3.696%	$1.5M	$529K	20x	as long as short
BloFin BZ-USDT	+0.0050%	4h	96.190	−3.762%	$1.5M	$95K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.130	−3.822%	$3.8M	$990K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.130	−3.822%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.234	−3.718%	$81K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0120%	1h	96.190	−3.762%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0121%	1h	96.170	−3.782%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0232%	1h	96.035	−3.917%	$671K	$5.2M	10x	as long as short