Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.005%

Price spread now: Gate against Vest−3.826%7-day average −3.367% · you buy dearer than you sell

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

Long on Vest Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now −3.826%, 7d avg −3.367%

Together, before fees−0.101%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.459% cheaper against Vest than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of −3.367%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	99.060	0.0011	pay 0.0001% / 1h	57m 38s	—	$735K	10x
Short	Gate BZ_USDT	95.270	0	get 0.0000% / 8h	6h 57m	$9.1M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −3.826%Rate

Funding earned: −$2.3
Price spread: −3.826% → −3.367%: −$45.93
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.23
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.52 bp	10.9 bp −$11	22.9 bp −$229	30.3 bp −$3,028	43.4 bp −$21.7K

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
Kraken Futures PF_BRENTOILUSD	−0.0338%	1h	95.493	−3.601%	$81K	$204K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.447	−3.648%	$2.3M	$1.8M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0274%	1h	95.450	−3.644%	$98K	$268K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0132%	1h	95.220	−3.876%	$3.0M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0132%	4h	95.210	−3.887%	$14K	$328K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.320	−3.775%	$276K	$590K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	95.160	−3.937%	$33K	—	20x	as long as short
Bybit BZUSDT	−0.0053%	8h	95.340	−3.755%	$10.1M	$14.6M	100x	as long as short
Aster BZUSDT	0.0000%	4h	95.389	−3.706%	$328K	$702K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.330	−3.765%	$146.3M	$393.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.320	−3.775%	$15.9M	$23.0M	50x	as long as short
Gate BZ_USDTshort	0.0000%	8h	95.270	−3.826%	$9.1M	$10.9M	100x
Bitget BZUSDT	0.0000%	4h	95.330	−3.765%	$28.1M	$22.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.237	−3.859%	$9.2M	$6.4M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.430	−3.664%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.380	−3.715%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.550	−3.543%	$1.2M	$80K	100x	as long as short
Vest BZ-PERPlong	+0.0011%	1h	99.060	long leg	—	$735K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	−3.439%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	95.073	−4.024%	$218K	$232K	20x	as long as short
Paradex BZ-USD-PERP	+0.0026%	8h	95.258	−3.838%	$2K	$1K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	95.310	−3.786%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.359	−3.736%	$751K	$2.7M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	−2.744%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	+0.0048%	4h	95.070	−4.028%	$1.5M	$102K	50x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.360	−3.735%	$152.8M	$127.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.414	−3.681%	$1.6M	$386K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0053%	1h	95.389	−3.706%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.370	−3.725%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.320	−3.775%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	95.245	−3.851%	$33K	—	111x	as long as short