Settings8H · net · $10k
Funding arb · Price arb /

BZ

RWAall BZ markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +13.0% APRnext payment +$0.15 per $10,000 · paid last 24h 0.000%
Price spread now: GMX against Vest−4.012%7-day average −3.141% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.073%+$7 on $10k
Price spread, last 4 days (all we have)+0.180%+$18 · spread now −4.012%, 7d avg −3.141%
Together, before fees+0.253%+ Points / potential airdropVest: Active · farm board+$25 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.871% cheaper against Vest than usual: you would sell low and buy high (spread −4.012% now, against its 7-day average of −3.141%). If the spread goes back, that is −$87 on $10k: about 25 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest BZ-PERP101.080.0031pay 0.0004% / 1h11m 06s$735K10x
ShortGMX BRENTOIL/USD [ETH-USDC]97.025L +0.0212% / S −0.0149%get 0.0019% / 1h11m 06s$126K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Vest. 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

Funding earned
$24.85
Price spread: −4.012% → −3.141%
−$87.07
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee GMX: 6 bp × 2 orders
−$12
Net
−$76.22
Costs to cover
0.140%
Break-even
28.5 days
Slippage unknown: Vest: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample
Sell GMX no order-book sample
Vest and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h96.433−4.597%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0096%1h97.240−3.799%$234K$436K15xas long as short
BloFin BZ-USDT−0.0013%4h97.010−4.027%$1.5M$92K50xas long as short
Aster BZUSDT0.0000%4h97.072−3.966%$338K$954K50xas long as short
Binance BZUSDT0.0000%4h97.020−4.017%$146.9M$369.8M100xas long as short
Bybit BZUSDT0.0000%8h97.010−4.027%$10.4M$12.9M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.020−4.017%$16.0M$20.3M50xas long as short
RISEx BZ/USDC0.0000%1h97.026−4.010%$2.2M$1.4M20xas long as short
Gate BZ_USDT0.0000%8h97.010−4.027%$9.2M$12.3M100xas long as short
Bitget BZUSDT0.0000%4h97.020−4.017%$27.7M$16.5M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.017−4.020%$9.4M$6.8Mas long as short
GRVT BZ_USDT_Perp0.0000%4h97.140−3.898%$29K$346K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.060−3.977%$4K$2.5M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.020−4.017%$103K$235K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.010−4.027%$278K$268K75xas long as short
Phemex XBRUSDT0.0000%4h97.290−3.750%$1.2M$84K100xas long as short
edgeX BZUSDC+0.0005%4h97.138−3.900%$223K$228K20xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h97.576−3.466%as long as short
Vest BZ-PERPlong+0.0031%1h101.08long leg$735K10x
Lighter BRENTOIL+0.0032%1h97.040−3.997%$3.2M$4.8M20xas long as short
Extended XBR-USD+0.0032%1h97.026−4.010%$680K$4.3M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.049−3.988%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.053−3.984%$153.1M$127.1M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.089−3.948%$1.6M$491K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h96.980−4.056%$3.1M$1.1M15xas long as short
Hotstuff BRENTOIL-PERP+0.0088%1h97.090−3.947%$33K20xas long as short
KuCoin BZUSDTM+0.0100%4h97.070−3.967%$3.8M$870K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.170−3.868%$25K$274K50xas long as short
Aftermath Perps BRENTUSD+0.0126%1h97.119−3.918%$7K$43K5xas long as short
Kraken Futures PF_BRENTOILUSD+0.0142%1h97.061−3.976%$84K$206K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]shortL +0.0212% / S −0.0149%1h97.025−4.012%$126K111x