Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.001%

Price spread now: Paradex against Lighter−0.001%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Paradex: 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: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BRENTOIL	96.710	0.0032	pay 0.0004% / 1h	5m 23s	$3.4M	$4.4M	20x
Short	Paradex BZ-USD-PERP	96.709	0.0046	get 0.0046% / 8h	7h 05m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Lighter. 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 LighterbpFee ParadexbpOrdersPrice spread, now −0.001%Rate

Funding earned: $2.88
Price spread: −0.001% → 0.000%: −$0.11
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.23
Costs to cover: 0.040%
Break-even: 10.0 days

Slippage unknown: Lighter: live order book, 7 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 Lighter live order book, 7 min ago	0.52 bp	0.5 bp −$1	0.7 bp −$7	8.2 bp −$824	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	95.731	−1.012%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.062%	$234K	$440K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	96.740	+0.031%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0029%	4h	96.600	−0.114%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.716	+0.006%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.695	−0.015%	$145.8M	$403.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.690	−0.021%	$10.4M	$15.2M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.700	−0.010%	$15.9M	$24.2M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.712	+0.002%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.650	−0.062%	$9.2M	$14.4M	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	96.690	−0.021%	$27.6M	$17.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.687	−0.024%	$9.3M	$7.4M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.668	−0.043%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.710	0.000%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.710	0.000%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.570	−0.145%	$307K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.700	−0.010%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.217	+0.524%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	96.613	−0.100%	$221K	$233K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.729	+0.019%	$83K	$220K	20x	as long as short
Lighter BRENTOILlong	+0.0032%	1h	96.710	long leg	$3.4M	$4.4M	20x
Extended XBR-USD	+0.0032%	1h	96.693	−0.017%	$722K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0042%	1h	96.680	−0.031%	$3.1M	$1.1M	15x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.74	+4.167%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0046%	8h	96.709	−0.001%	$3K	$521	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.716	+0.006%	$151.7M	$138.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.750	+0.041%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.730	+0.021%	$3.8M	$931K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.630	−0.083%	$25K	$272K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S +0.0125%	1h	96.695	−0.016%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0339%	1h	96.675	−0.036%	$7K	$45K	5x	as long as short