Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.014%

Price spread now: Vest against OKX+4.144%7-day average +3.276% · you sell dearer than you buy

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

Long on OKX Short on Vest

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)−0.240%−$24 · spread now +4.144%, 7d avg +3.276%

Together, before fees−0.276%+ Points / potential airdropVest: Active · farm board−$28 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 0.868% dearer against OKX than usual: you sell high and buy low: +$87 more if the spread goes back to its 7-day average of +3.276%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.500	0	get 0.0000% / 4h	3h 03m	$16.1M	$20.5M	50x
Short	Vest BZ-PERP	101.54	0.0023	get 0.0003% / 1h	3m 16s	—	$735K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against OKX. 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 OKXbpFee VestbpOrdersPrice spread, now +4.144%Rate

Funding earned: $4.77
Price spread: +4.144% → +3.276%: $86.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $79.54
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: OKX: live order book, 5 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 OKX live order book, 5 min ago	0.51 bp	6.0 bp −$6	9.6 bp −$96	24.9 bp −$2,489	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	96.536	−0.989%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.460	−0.041%	$237K	$443K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.491	−0.009%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.500	0.000%	$147.5M	$366.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.500	0.000%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.500	long leg	$16.1M	$20.5M	50x
RISEx BZ/USDC	0.0000%	1h	97.478	−0.022%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.460	−0.041%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.500	0.000%	$28.0M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.468	−0.033%	$9.3M	$6.9M	—	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	97.481	−0.020%	$26K	$314K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.520	+0.021%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.510	+0.010%	$101K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.460	−0.041%	$280K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.540	+0.041%	$1.2M	$83K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.047	+0.561%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.472	−0.029%	$224K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0022%	4h	97.490	−0.010%	$1.5M	$97K	50x	as long as short
Vest BZ-PERPshort	+0.0023%	1h	101.54	+4.144%	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.490	−0.010%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.505	+0.005%	$680K	$3.9M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.492	−0.008%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.515	+0.015%	$153.8M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.526	+0.027%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.051%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.480	−0.020%	$82K	$208K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0072%	1h	97.510	+0.010%	$34K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.472	−0.029%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.550	+0.051%	$3.8M	$848K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.480	−0.021%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0278% / S −0.1844%	1h	97.495	−0.005%	$115K	—	111x	as long as short