Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.014%

Price spread now: Paradex against Binance+0.001%7-day average — · you sell dearer than you buy

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

Long on Binance 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 airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	96.440	0	get 0.0000% / 4h	3h 31m	$145.6M	$424.8M	100x
Short	Paradex BZ-USD-PERP	96.441	0.0042	get 0.0042% / 8h	7h 31m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now +0.001%Rate

Funding earned: $8.86
Price spread: +0.001% → 0.000%: $0.12
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.02
Costs to cover: 0.140%
Break-even: 11.0 days

Slippage unknown: Binance: live order book, 13 min ago; 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 Binance live order book, 13 min ago	0.52 bp	5.9 bp −$6	7.5 bp −$75	15.3 bp −$1,530	49.3 bp −$24.7K
Sell Paradex no order-book sample	—	—	—	—	—

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 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	95.669	−0.799%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.384%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0099% / S +0.0137%	1h	96.445	+0.005%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.456	+0.017%	$335K	$1.2M	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	96.440	long leg	$145.6M	$424.8M	100x
Bybit BZUSDT	0.0000%	8h	96.420	−0.021%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.440	0.000%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.431	−0.009%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.400	−0.041%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.440	0.000%	$27.6M	$19.8M	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	96.430	−0.010%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.460	+0.021%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.450	+0.010%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.460	+0.021%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.031%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	+0.031%	$1.2M	$94K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.968	+0.548%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.450	+0.010%	$1.5M	$95K	50x	as long as short
edgeX BZUSDC	+0.0014%	4h	96.470	+0.032%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.463	+0.024%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.390	−0.052%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.440	0.000%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.440	0.000%	$746K	$5.4M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	96.470	+0.031%	$33K	—	20x	as long as short
Paradex BZ-USD-PERPshort	+0.0042%	8h	96.441	+0.001%	$3K	$521	5x
Vest BZ-PERP	+0.0046%	1h	100.52	+4.231%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.471	+0.032%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.503	+0.065%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.470	+0.031%	$3.8M	$986K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	+0.052%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0444%	1h	96.487	+0.049%	$7K	$45K	5x	as long as short