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 −0.016%

Price spread now: Paradex against KuCoin+0.015%47s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 47 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	KuCoin BZUSDTM	97.820	0.0100	pay 0.0050% / 4h	1h 43m	$3.8M	$825K	50x
Short	Paradex BZ-USD-PERP	97.835	0.0050	get 0.0050% / 8h	1h 43m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$10.5
Price spread: +0.015% → 0.000%: $1.53
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 4 min ago	0.51 bp	10.5 bp −$10	40.5 bp −$405	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	96.817	−1.025%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.296%	$235K	$416K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0057%	1h	97.770	−0.051%	$100K	$251K	15x	as long as short
BloFin BZ-USDT	−0.0013%	4h	97.810	−0.010%	$1.5M	$98K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.802	−0.018%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.790	−0.031%	$147.7M	$352.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.750	−0.072%	$10.1M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.790	−0.031%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.810	−0.010%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.750	−0.072%	$9.3M	$10.9M	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	97.810	−0.010%	$28.0M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.738	−0.084%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.800	−0.020%	$27K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.820	0.000%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.760	−0.061%	$281K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.790	−0.031%	$1.2M	$80K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	97.792	−0.029%	$225K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.352	+0.544%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	101.91	+4.181%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.790	−0.031%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.801	−0.019%	$678K	$3.4M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.835	+0.015%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.812	−0.008%	$155.0M	$119.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.847	+0.028%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.790	−0.031%	$3.1M	$999K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.808	−0.012%	$7K	$41K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0096%	1h	97.790	−0.031%	$34K	—	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.820	long leg	$3.8M	$825K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.780	−0.041%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0157%	1h	97.818	−0.002%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.795	−0.026%	$116K	—	111x	as long as short