Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.051%

Price spread now: KuCoin against Vest−3.970%7-day average −3.220% · you buy dearer than you sell

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

Long on Vest Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.163%+$16 on $10k

Price spread, last 4 days (all we have)+0.100%+$10 · spread now −3.970%, 7d avg −3.220%

Together, before fees+0.262%+ Points / potential airdropVest: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.750% cheaper against Vest than usual: you would sell low and buy high (spread −3.970% now, against its 7-day average of −3.220%). If the spread goes back, that is −$75 on $10k: about 46 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.163% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.00	0.0046	pay 0.0006% / 1h	13m 22s	—	$735K	10x
Short	KuCoin BZUSDTM	96.990	0.0100	get 0.0050% / 4h	2h 13m	$3.8M	$885K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee VestbpFee KuCoinbpOrdersPrice spread, now −3.970%Rate

Funding earned: $11.41
Price spread: −3.970% → −3.220%: −$75.02
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$77.62
Costs to cover: 0.140%
Break-even: 54.6 days

Slippage unknown: Vest: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.51 bp	16.9 bp −$17	41.9 bp −$419	doesn't fit	doesn't fit

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
Injective BRENT/USDC PERP	−0.0220%	1h	95.978	−4.972%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−4.149%	$234K	$425K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.950	−4.010%	$33K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.930	−4.030%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.920	−4.040%	$146.4M	$379.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.920	−4.040%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.920	−4.040%	$15.9M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.916	−4.043%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.880	−4.079%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.930	−4.030%	$27.5M	$16.3M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.927	−4.033%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.956	−4.004%	$37K	$354K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.950	−4.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.950	−4.010%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.970	−3.990%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.980	−3.980%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	96.945	−4.015%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.461	−3.504%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	−4.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.924	−4.036%	$677K	$5.0M	10x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	101.00	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.920	−4.040%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.940	−4.020%	$151.8M	$127.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.979	−3.981%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.920	−4.040%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	96.990	−3.970%	$3.8M	$885K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.000	−3.960%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0209% / S +0.0081%	1h	96.915	−4.045%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0228%	1h	96.960	−4.000%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.964	−3.996%	$84K	$218K	20x	as long as short