Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h +0.019%

Price spread now: Bitget against Vest−3.999%7-day average −3.240% · you buy dearer than you sell

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

Long on Vest Short on Bitget

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)+0.151%+$15 · spread now −3.999%, 7d avg −3.240%

Together, before fees+0.158%+ Points / potential airdropVest: Active · farm board+$16 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 Bitget is 0.759% cheaper against Vest than usual: you would sell low and buy high (−$76 if the spread goes back to its 7-day average of −3.240%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.03	0.0043	pay 0.0005% / 1h	26m 14s	—	$735K	10x
Short	Bitget BZUSDT	96.990	0	get 0.0000% / 4h	1h 26m	$27.4M	$16.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −3.999%Rate

Funding earned: −$9.02
Price spread: −3.999% → −3.240%: −$75.88
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.03 bp	7.6 bp −$8	9.7 bp −$97	28.0 bp −$2,802	64.7 bp −$32.4K

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	96.164	−4.816%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−4.088%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.969	−4.019%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.972	−4.017%	$146.8M	$373.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.960	−4.029%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	−4.038%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.962	−4.027%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−4.058%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	96.990	−3.999%	$27.4M	$16.4M	100x
Variational Omni BZ	0.0000%	4h	96.885	−4.103%	$9.3M	$7.1M	—	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	96.909	−4.079%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.990	−3.999%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	−4.019%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−4.068%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.970	−4.019%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	96.894	−4.094%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.513	−3.481%	—	—	—	as long as short
BloFin BZ-USDT	+0.0021%	4h	97.030	−3.959%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.980	−4.009%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.987	−4.002%	$676K	$4.8M	10x	as long as short
Vest BZ-PERPlong	+0.0043%	1h	101.03	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	96.990	−3.999%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.992	−3.997%	$151.9M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.023	−3.966%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−4.088%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.020	−3.969%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.000	−3.989%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−4.088%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0164%	1h	96.951	−4.037%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0041%	1h	96.975	−4.014%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.992	−3.997%	$84K	$218K	20x	as long as short