Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: Paradex against GRVT+0.150%7-day average — · you sell dearer than you buy

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

Long on GRVT 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 airdropGRVT: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.150% dearer against GRVT than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.183	0	get 0.0000% / 4h	3h 48m	$29K	$346K	25x
Short	Paradex BZ-USD-PERP	97.328	0.0050	get 0.0050% / 8h	3h 48m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against GRVT. 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 GRVTbpFee ParadexbpOrdersPrice spread, now +0.150%Rate

Funding earned: $10.49
Price spread: +0.150% → 0.000%: $14.96
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $12.45
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago	0.51 bp	5.9 bp −$6	9.9 bp −$99	doesn't fit	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 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	96.333	−0.875%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	+0.089%	$233K	$439K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.357	+0.179%	$339K	$933K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.360	+0.182%	$147.6M	$368.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.350	+0.172%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.410	+0.234%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.330	+0.151%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.310	+0.131%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.400	+0.223%	$27.9M	$16.6M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.258	+0.077%	$9.4M	$6.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perplong	0.0000%	4h	97.183	long leg	$29K	$346K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.360	+0.182%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	+0.182%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.160	−0.024%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.350	+0.172%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.161	−0.023%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.914	+0.752%	—	—	—	as long as short
BloFin BZ-USDT	+0.0013%	4h	97.360	+0.182%	$1.5M	$92K	50x	as long as short
Vest BZ-PERP	+0.0030%	1h	101.38	+4.319%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	+0.192%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.370	+0.192%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.328	+0.150%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.398	+0.221%	$153.6M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.380	+0.203%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.240	+0.059%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.362	+0.184%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.390	+0.213%	$3.8M	$868K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.230	+0.048%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.220	+0.038%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.330	+0.151%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0231% / S −0.0274%	1h	97.355	+0.177%	$126K	—	111x	as long as short