Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0246%/8h= +26.9% APRpaid last 24h +0.076%

Price spread now: Paradex against Injective−0.935%99s7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. Paradex is 0.935% cheaper against Injective than usual: you would sell low and buy high (spread −0.935% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$93 on $10k: about 13 days of funding at the current rate (+$7 a day). The two prices were read 99 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	Injective BRENT/USDC PERP	94.836	−0.0220	get 0.0028% / 1h	51m 38s	$8K	$7K	30x
Short	Paradex BZ-USD-PERP	93.950	0.0026	get 0.0026% / 8h	5h 51m	$1K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.935%Rate

Funding earned: $51.62
Price spread: −0.935% → 0.000%: −$93.46
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$45.86
Costs to cover: 0.040%
Break-even: 13.2 days

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

Injective 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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	−0.576%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0601%	1h	93.970	−0.913%	$45K	$374K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.967	−0.916%	$95K	$263K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.888	−1.000%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERPlong	−0.0220%	1h	94.836	long leg	$8K	$7K	30x
Bybit BZUSDT	−0.0093%	8h	93.970	−0.913%	$10.7M	$16.8M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0080%	4h	93.864	−1.025%	$13K	$308K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.010	−0.871%	$245K	$1.0M	15x	as long as short
BloFin BZ-USDT	−0.0051%	4h	94.110	−0.766%	$1.5M	$110K	50x	as long as short
Binance BZUSDT	−0.0030%	4h	93.983	−0.899%	$145.2M	$465.5M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BZUSDC	−0.0013%	4h	94.143	−0.730%	$216K	$230K	20x	as long as short
tradeXYZ xyz:BRENTOIL	−0.0009%	1h	94.041	−0.838%	$129.0M	$182.5M	20x	as long as short
Lighter BRENTOIL	0.0000%	1h	93.950	−0.934%	$3.4M	$5.5M	20x	as long as short
Aster BZUSDT	0.0000%	4h	94.082	−0.795%	$339K	$822K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	93.920	−0.966%	$15.7M	$28.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.010	−0.871%	$8.9M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.990	−0.892%	$27.7M	$30.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.001	−0.880%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.020	−0.860%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.970	−0.913%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.310	−0.555%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.672	−0.173%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	97.680	+2.999%	—	$736K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0026%	8h	93.950	−0.935%	$1K	$2K	5x
Extended XBR-USD	+0.0032%	1h	93.953	−0.931%	$661K	$3.7M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0035%	1h	94.249	−0.619%	$7K	$38K	5x	as long as short
Ondo Perps BRENT-USD.P	+0.0039%	1h	93.990	−0.892%	$3.0M	$1.1M	15x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.985	−0.897%	$1.5M	$487K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.980	−0.903%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.950	−0.934%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.005	−0.876%	$32K	—	111x	as long as short