Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0046%/8hpaid last 24h +0.089%

Price spread now: Binance against Vest−4.036%47s7-day average −3.143% · you buy dearer than you sell

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 1 day (all we have)+2.202%+$220 · spread now −4.036%, 7d avg −3.143%

Together, before fees+2.310%+ Points / potential airdropVest: Active · farm board+$231 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 Binance is 0.893% cheaper against Vest than usual: you would sell low and buy high (−$89 if the spread goes back to its 7-day average of −3.143%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.108%, so the current rate has only just turned against you. The two prices were read 47 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	Vest BZ-PERP	100.10	0.0046	pay 0.0006% / 1h	23m 38s	—	$664K	10x
Short	Binance BZUSDT	96.060	0	get 0.0000% / 4h	23m 38s	$145.2M	$476.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −4.036%Rate

Funding earned: −$9.59
Price spread: −4.036% → −3.143%: −$89.3
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$110.9
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Binance: live order book, 9 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 Binance live order book, 9 min ago	0.52 bp	5.6 bp −$6	6.9 bp −$69	12.6 bp −$1,264	52.8 bp −$26.4K

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	95.676	−4.420%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0108% / S +0.0311%	1h	96.005	−4.091%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	96.400	−3.696%	$231K	$842K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.083	−4.013%	$332K	$1.7M	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	96.060	−4.036%	$145.2M	$476.5M	100x
Bybit BZUSDT	0.0000%	8h	96.060	−4.036%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.050	−4.046%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.011	−4.085%	$2.1M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.010	−4.086%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.050	−4.046%	$27.7M	$23.0M	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	95.975	−4.121%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.010	−4.086%	$37K	$406K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.010	−4.086%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.030	−4.066%	$102K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.960	−4.136%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	−3.906%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	95.975	−4.120%	$220K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.747	−3.350%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	95.989	−4.107%	$81K	$265K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.000	−4.096%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.060	−4.036%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.090	−4.006%	$672K	$5.2M	10x	as long as short
BloFin BZ-USDT	+0.0039%	4h	95.960	−4.136%	$1.5M	$96K	50x	as long as short
Vest BZ-PERPlong	+0.0046%	1h	100.10	long leg	—	$664K	10x
Paradex BZ-USD-PERP	+0.0049%	8h	96.056	−4.040%	$3K	$473	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.084	−4.012%	$149.5M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.070	−4.026%	$1.5M	$552K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0064%	1h	96.111	−3.985%	$6K	$48K	5x	as long as short
KuCoin BZUSDTM	+0.0076%	4h	96.020	−4.076%	$3.7M	$967K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	96.020	−4.076%	$33K	—	20x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.080	−4.016%	$25K	$271K	50x	as long as short