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 Bitget+4.136%51s7-day average +3.228% · you sell dearer than you buy

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

Long on Bitget Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +4.136%, 7d avg +3.228%

Together, before fees−0.251%+ Points / potential airdropVest: Active · farm board−$25 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 0.908% dearer against Bitget than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of +3.228%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BZUSDT	96.960	0	get 0.0000% / 4h	2h 17m	$27.6M	$16.2M	100x
Short	Vest BZ-PERP	100.97	0.0046	get 0.0006% / 1h	17m 38s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Bitget. 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 BitgetbpFee VestbpOrdersPrice spread, now +4.136%Rate

Funding earned: $9.59
Price spread: +4.136% → +3.228%: $90.78
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $86.38
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	0.52 bp	8.0 bp −$8	9.8 bp −$98	21.2 bp −$2,120	53.1 bp −$26.6K
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 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	−1.013%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.810	−0.155%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.970	+0.010%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.960	0.000%	$146.6M	$379.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	−0.031%	$10.3M	$13.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	0.000%	$16.0M	$21.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.942	−0.018%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.052%	$9.2M	$12.8M	100x	as long as short
Bitget BZUSDTlong	0.0000%	4h	96.960	long leg	$27.6M	$16.2M	100x
Variational Omni BZ	0.0000%	4h	96.747	−0.220%	$9.3M	$7.1M	—	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.764	−0.202%	$24K	$341K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.930	−0.031%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.750	−0.217%	$277K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.960	0.000%	$1.2M	$83K	100x	as long as short
edgeX BZUSDC	+0.0002%	4h	96.747	−0.220%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.449	+0.505%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.950	−0.010%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.943	−0.017%	$673K	$5.1M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.97	+4.136%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.946	−0.015%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.968	+0.008%	$151.9M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.950	−0.010%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.031%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.020	+0.062%	$3.8M	$886K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.780	−0.186%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.970	+0.010%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S +0.0085%	1h	96.905	−0.057%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0240%	1h	96.818	−0.146%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.930	−0.031%	$83K	$218K	20x	as long as short