Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.011%

Price spread now: Paradex against edgeX−0.034%52s7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.034% cheaper against edgeX than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.4 days of funding at the current rate (+$1 a day). The two prices were read 52 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	edgeX BZUSDC	96.941	0.0002	pay 0.0001% / 4h	1h 53m	$222K	$227K	20x
Short	Paradex BZ-USD-PERP	96.908	0.0049	get 0.0049% / 8h	5h 53m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: $9.91
Price spread: −0.034% → 0.000%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.47
Costs to cover: 0.130%
Break-even: 11.6 days

Slippage unknown: edgeX: live order book, 8 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 edgeX live order book, 8 min ago	9.81 bp	14.3 bp −$14	15.1 bp −$151	56.3 bp −$5,629	doesn't fit
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 30 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	96.207	−0.757%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.135%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.876	−0.066%	$336K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.900	−0.042%	$146.5M	$375.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.880	−0.063%	$10.3M	$13.5M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.910	−0.032%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.904	−0.038%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.920	−0.022%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.860	−0.083%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.900	−0.042%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.939	−0.002%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.949	+0.008%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.930	−0.011%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.920	−0.022%	$103K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.930	−0.011%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.011%	$1.2M	$84K	100x	as long as short
edgeX BZUSDClong	+0.0002%	4h	96.941	long leg	$222K	$227K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.441	+0.516%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.910	−0.032%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.920	−0.021%	$677K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.96	+4.146%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0049%	8h	96.908	−0.034%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.921	−0.021%	$151.8M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.966	+0.026%	$1.5M	$470K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.870	−0.073%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.970	+0.030%	$3.8M	$877K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.950	+0.009%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0065%	1h	96.905	−0.037%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0209%	1h	96.955	+0.015%	$8K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.948	+0.007%	$83K	$218K	20x	as long as short