Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h +0.005%

Price spread now: Paradex against Hotstuff−0.022%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.022% cheaper against Hotstuff than usual: you would sell low and buy high, −$2 on $10k if it 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	Hotstuff BRENTOIL-PERP	96.000	0	get 0.0000% / 1h	4m 43s	$33K	—	20x
Short	Paradex BZ-USD-PERP	95.979	−0.0003	pay 0.0003% / 8h	2h 04m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Hotstuff. 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 HotstuffbpFee ParadexbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$0.72
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.96
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Hotstuff 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 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0764% / S +0.0475%	1h	95.985	−0.016%	$114K	—	29x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.923	−0.080%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0112%	1h	96.050	+0.052%	$232K	$859K	15x	as long as short
BloFin BZ-USDT	−0.0054%	4h	95.950	−0.052%	$1.5M	$96K	50x	as long as short
Paradex BZ-USD-PERPshort	−0.0003%	8h	95.979	−0.022%	$3K	$521	5x
Aster BZUSDT	0.0000%	4h	95.946	−0.057%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.990	−0.010%	$145.7M	$491.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	95.960	−0.042%	$10.2M	$17.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.970	−0.031%	$15.8M	$30.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	95.975	−0.026%	$2.2M	$1.3M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff BRENTOIL-PERPlong	0.0000%	1h	96.000	long leg	$33K	—	20x
Gate BZ_USDT	0.0000%	8h	95.950	−0.052%	$9.2M	$19.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.970	−0.031%	$27.5M	$24.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.971	−0.031%	$9.2M	$10.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	95.894	−0.110%	$34K	$396K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.010	+0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	95.990	−0.010%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.920	−0.083%	$318K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.990	−0.010%	$1.2M	$101K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	95.895	−0.109%	$219K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.000	0.000%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.934	−0.069%	$669K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.05	+4.219%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.001	+0.001%	$148.0M	$148.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.010	+0.010%	$1.5M	$540K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	95.930	−0.073%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.880	−0.125%	$3.8M	$1.0M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.010	+0.010%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	96.010	+0.010%	$81K	$258K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0206%	1h	95.899	−0.105%	$6K	$45K	5x	as long as short