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 −0.054%

Price spread now: Vest against KuCoin+4.088%7-day average +3.207% · you sell dearer than you buy

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

Long on KuCoin Short on Vest

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 3 days (all we have)−0.342%−$34 · spread now +4.088%, 7d avg +3.207%

Together, before fees−0.505%+ Points / potential airdropVest: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.880% dearer against KuCoin than usual: you sell high and buy low (spread +4.088% now, against its 7-day average of +3.207%): +$88 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days. At the pace of the last 3 days (−0.163% in total) that is about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	96.880	0.0100	pay 0.0050% / 4h	2h 59m	$3.8M	$918K	50x
Short	Vest BZ-PERP	100.84	0.0046	get 0.0006% / 1h	59m 04s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against KuCoin. 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 KuCoinbpFee VestbpOrdersPrice spread, now +4.088%Rate

Funding earned: −$11.41
Price spread: +4.088% → +3.207%: $88.04
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Vest: 1 bp × 2 orders: −$2
Net: $62.63
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	0.52 bp	6.5 bp −$7	42.4 bp −$424	doesn't fit	doesn't fit
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 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	95.731	−1.186%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.237%	$234K	$440K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.847	−0.034%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.876	−0.004%	$146.1M	$401.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.850	−0.031%	$10.4M	$15.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.860	−0.021%	$15.9M	$24.1M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.757	−0.127%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.820	−0.062%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.870	−0.010%	$27.7M	$17.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.219%	$9.3M	$7.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.660	−0.227%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.870	−0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.880	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.186%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.870	−0.010%	$1.2M	$93K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	−0.041%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.382	+0.518%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.187%	$221K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.850	−0.031%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.856	−0.025%	$717K	$5.3M	10x	as long as short
Vest BZ-PERPshort	+0.0046%	1h	100.84	+4.088%	—	$735K	10x
Paradex BZ-USD-PERP	+0.0046%	8h	96.704	−0.181%	$3K	$521	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.889	+0.009%	$151.9M	$138.2M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.690	−0.196%	$3.1M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0066%	1h	96.885	+0.005%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	96.880	long leg	$3.8M	$918K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.145%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	96.730	−0.155%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0120%	1h	96.845	−0.036%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.859	−0.021%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0317%	1h	96.732	−0.153%	$7K	$44K	5x	as long as short