Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h +0.014%

Price spread now: OKX against Vest−4.067%7-day average −3.276% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −4.067%, 7d avg −3.276%

Together, before fees+0.199%+ Points / potential airdropVest: Active · farm board+$20 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 OKX is 0.791% cheaper against Vest than usual: you would sell low and buy high (−$79 if the spread goes back to its 7-day average of −3.276%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.55	0.0029	pay 0.0004% / 1h	38m 50s	—	$735K	10x
Short	OKX BZ-USDT-SWAP	97.420	0	get 0.0000% / 4h	3h 38m	$16.0M	$20.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −4.067%Rate

Funding earned: −$6.1
Price spread: −4.067% → −3.276%: −$79.1
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$97.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.51 bp	6.4 bp −$6	10.0 bp −$100	24.1 bp −$2,409	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 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	96.333	−5.137%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−4.215%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0053%	4h	97.460	−4.028%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.408	−4.079%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.420	−4.067%	$147.6M	$367.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.420	−4.067%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.420	−4.067%	$16.0M	$20.4M	50x
RISEx BZ/USDC	0.0000%	1h	97.481	−4.007%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.390	−4.097%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.420	−4.067%	$28.0M	$16.6M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.458	−4.030%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.462	−4.025%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.510	−3.978%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.500	−3.988%	$104K	$242K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−4.165%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.460	−4.028%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.427	−4.061%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.048	−3.448%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0029%	1h	101.55	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.420	−4.067%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.433	−4.054%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.497	−3.992%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.462	−4.026%	$153.9M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.531	−3.958%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−4.037%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.506	−3.982%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.530	−3.959%	$34K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.480	−4.008%	$3.8M	$860K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.370	−4.116%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.413	−4.073%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0240% / S −0.1046%	1h	97.495	−3.993%	$115K	—	111x	as long as short