Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.010%

Price spread now: Paradex against gTrade (Gains Network)−0.531%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 1 day (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

Funding pays, the price is against you. Paradex is 0.531% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.531% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$53 on $10k: about 46 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) BRENT/USD	97.763	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	37m 49s	—	—	—
Short	Paradex BZ-USD-PERP	97.244	0.0050	get 0.0050% / 8h	4h 37m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.531%Rate

Funding earned: $8.07
Price spread: −0.531% → 0.000%: −$53.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$58.99
Costs to cover: 0.140%
Break-even: 58.2 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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 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	96.376	−1.419%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.535%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	97.180	−0.597%	$1.5M	$92K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0040%	1h	97.270	−0.504%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−0.556%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.220	−0.556%	$147.0M	$371.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.200	−0.576%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.210	−0.566%	$16.0M	$20.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.241	−0.534%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.160	−0.617%	$9.2M	$12.2M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.210	−0.566%	$27.5M	$16.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.307	−0.467%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.319	−0.454%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.230	−0.545%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.220	−0.556%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.190	−0.586%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.250	−0.525%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	97.311	−0.462%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	97.763	long leg	—	—	—
Lighter BRENTOIL	+0.0032%	1h	97.220	−0.556%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.235	−0.540%	$678K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.25	+3.567%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.244	−0.531%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.261	−0.514%	$153.0M	$124.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.278	−0.496%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.170	−0.607%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	−0.535%	$3.8M	$871K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	−0.443%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0101%	1h	97.292	−0.482%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.242	−0.533%	$84K	$207K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0189% / S +0.0009%	1h	97.215	−0.561%	$126K	—	111x	as long as short