Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.010%

Price spread now: Paradex against Kraken Futures−0.059%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.059% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	96.244	0.0113	pay 0.0014% / 1h	15m 35s	$83K	$234K	20x
Short	Paradex BZ-USD-PERP	96.187	0.0028	get 0.0028% / 8h	15m 35s	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$17.76
Price spread: −0.059% → 0.000%: −$5.95
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.71
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 62 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 Kraken Futures live order book, 62 min ago	3.17 bp	17.4 bp −$17	25.4 bp −$254	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 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 −0.0848% / S +0.0467%	1h	96.195	−0.051%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.790%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	96.250	+0.006%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.181%	$232K	$551K	15x	as long as short
BloFin BZ-USDT	−0.0037%	4h	96.190	−0.057%	$1.5M	$96K	50x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.190	−0.057%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.204	−0.042%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−0.046%	$145.8M	$452.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	−0.036%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.057%	$15.8M	$26.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.160	−0.088%	$9.2M	$16.4M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.210	−0.036%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.066%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.206	−0.040%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.210	−0.036%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.230	−0.015%	$103K	$275K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.109%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.190	−0.057%	$1.2M	$93K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.183	−0.064%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERPshort	+0.0028%	8h	96.187	−0.059%	$3K	$521	5x
Vest BZ-PERP	+0.0046%	1h	99.880	+3.777%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.250	+0.006%	$151.1M	$144.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.269	+0.026%	$1.5M	$527K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0079%	1h	96.270	+0.027%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.110	−0.140%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.210	−0.036%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0113%	1h	96.244	long leg	$83K	$234K	20x
Lighter BRENTOIL	+0.0288%	1h	96.230	−0.015%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0404%	1h	96.180	−0.067%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0576%	1h	96.126	−0.123%	$675K	$5.2M	10x	as long as short