Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.017%

Price spread now: OKX against Vest−4.017%48s7-day average −3.265% · you buy dearer than you sell

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

Long on Vest Short on OKX

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)+0.127%+$13 · spread now −4.017%, 7d avg −3.265%

Together, before fees+0.163%+ 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 OKX is 0.752% cheaper against Vest than usual: you would sell low and buy high (−$75 if the spread goes back to its 7-day average of −3.265%). Swap the legs. The two prices were read 48 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	101.08	0.0031	pay 0.0004% / 1h	10m 43s	—	$735K	10x
Short	OKX BZ-USDT-SWAP	97.020	0	get 0.0000% / 4h	10m 43s	$16.0M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −4.017%Rate

Funding earned: −$6.54
Price spread: −4.017% → −3.265%: −$75.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$93.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: 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 OKX live order book, 3 min ago	0.51 bp	6.0 bp −$6	9.5 bp −$95	23.8 bp −$2,378	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	96.433	−4.597%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−3.799%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.010	−4.027%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.063	−3.974%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.025	−4.012%	$147.0M	$369.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.010	−4.027%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	97.020	−4.017%	$16.0M	$20.3M	50x
RISEx BZ/USDC	0.0000%	1h	97.026	−4.010%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.980	−4.056%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.020	−4.017%	$27.7M	$16.5M	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	97.017	−4.020%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	−3.898%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.060	−3.977%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.020	−4.017%	$103K	$235K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−4.027%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	−3.750%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	−3.900%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.576	−3.466%	—	—	—	as long as short
Vest BZ-PERPlong	+0.0031%	1h	101.08	long leg	—	$735K	10x
Lighter BRENTOIL	+0.0032%	1h	97.040	−3.997%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.032	−4.005%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.049	−3.988%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.054	−3.983%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.089	−3.948%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−4.056%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0088%	1h	97.090	−3.947%	$33K	—	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.070	−3.967%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.170	−3.868%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0126%	1h	97.119	−3.918%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.061	−3.976%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0149%	1h	97.025	−4.012%	$126K	—	111x	as long as short