Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.012%

Price spread now: Paradex against Vest−3.769%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 3.769% cheaper against Vest than usual: you would sell low and buy high (spread −3.769% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$377 on $10k: about 12 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BZ-PERP	98.020	0.0008	pay 0.0001% / 1h	7m 31s	—	$736K	10x
Short	Paradex BZ-USD-PERP	94.325	0.0043	get 0.0043% / 8h	4h 07m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −3.769%Rate

Funding earned: $7.45
Price spread: −3.769% → 0.000%: −$376.92
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$375.47
Costs to cover: 0.060%
Break-even: 359.8 days

Slippage unknown: Vest: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Vest and Paradex: 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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.340	−3.754%	$33K	—	20x	as long as short
RISEx BZ/USDC	−0.0384%	1h	94.300	−3.795%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.420	−3.673%	$109K	$281K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0174%	1h	94.390	−3.703%	$29K	$372K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.320	−3.775%	$248K	$1.3M	15x	as long as short
Bybit BZUSDT	−0.0039%	8h	94.330	−3.765%	$10.4M	$18.9M	100x	as long as short
BloFin BZ-USDT	−0.0018%	4h	94.350	−3.744%	$1.5M	$126K	50x	as long as short
Aster BZUSDT	0.0000%	4h	94.383	−3.711%	$331K	$684K	50x	as long as short
Binance BZUSDT	0.0000%	4h	94.323	−3.772%	$145.4M	$485.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.330	−3.765%	$15.7M	$30.7M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	94.290	−3.805%	$8.8M	$14.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.340	−3.754%	$27.4M	$31.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.339	−3.755%	$8.9M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	94.381	−3.713%	$11K	$316K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.440	−3.652%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.390	−3.703%	$254K	$338K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.690	−3.397%	$1.2M	$103K	100x	as long as short
Vest BZ-PERPlong	+0.0008%	1h	98.020	long leg	—	$736K	10x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.912	−3.170%	—	—	—	as long as short
edgeX BZUSDC	+0.0018%	4h	94.335	−3.760%	$217K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.320	−3.775%	$3.5M	$5.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.331	−3.764%	$757K	$4.1M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	−3.248%	$8K	$7K	30x	as long as short
Aftermath Perps BRENTUSD	+0.0037%	1h	94.412	−3.680%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERPshort	+0.0043%	8h	94.325	−3.769%	$2K	$2K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.365	−3.729%	$142.8M	$191.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.299	−3.796%	$1.5M	$570K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.340	−3.754%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0070%	4h	94.280	−3.816%	$3.3M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.380	−3.714%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0174% / S −0.0560%	1h	94.415	−3.678%	$27K	—	111x	as long as short