Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h +0.017%

Price spread now: HTX against Vest−4.010%7-day average −3.183% · you buy dearer than you sell

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

Long on Vest Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −4.010%, 7d avg −3.183%

Together, before fees+0.153%+ Points / potential airdropVest: Active · farm board+$15 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 HTX is 0.827% cheaper against Vest than usual: you would sell low and buy high (−$83 if the spread goes back to its 7-day average of −3.183%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	101.25	0.0034	pay 0.0004% / 1h	35m 03s	—	$735K	10x
Short	HTX BRENTOIL-USDT	97.190	0	get 0.0000% / 4h	35m 03s	$279K	$268K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Vest. 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 VestbpFee HTXbpOrdersPrice spread, now −4.010%Rate

Funding earned: −$7.11
Price spread: −4.010% → −3.183%: −$82.68
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee HTX: 6 bp × 2 orders: −$12
Net: −$103.79
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; HTX: live order book, 22 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 HTX live order book, 22 min ago	1.54 bp	8.6 bp −$9	9.6 bp −$96	doesn't fit	doesn't fit

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	96.571	−4.621%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−3.960%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.210	−3.990%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−3.980%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.210	−3.990%	$147.0M	$371.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−4.000%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	−3.990%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.231	−3.970%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−4.040%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.210	−3.990%	$27.5M	$16.3M	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	97.238	−3.962%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.240	−3.960%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.240	−3.960%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.210	−3.990%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDTshort	0.0000%	4h	97.190	−4.010%	$279K	$268K	75x
Phemex XBRUSDT	0.0000%	4h	97.290	−3.911%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.209	−3.991%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.751	−3.455%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.280	−3.921%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−3.980%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.228	−3.972%	$680K	$4.5M	10x	as long as short
Vest BZ-PERPlong	+0.0034%	1h	101.25	long leg	—	$735K	10x
Paradex BZ-USD-PERP	+0.0050%	8h	97.237	−3.963%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.246	−3.955%	$153.0M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.287	−3.914%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.180	−4.020%	$3.1M	$1.1M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.274	−3.926%	$7K	$43K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	−3.960%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.260	−3.941%	$25K	$274K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.252	−3.948%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.215	−3.985%	$126K	—	111x	as long as short