Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.017%

Price spread now: ApeX Omni against Paradex−0.089%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

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. ApeX Omni is 0.089% cheaper against Paradex than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	93.944	0.0027	pay 0.0027% / 8h	5h 48m	$1K	$2K	5x
Short	ApeX Omni BZUSDT	93.860	0.0100	get 0.0013% / 1h	48m 48s	$25K	$274K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: $15.43
Price spread: −0.089% → 0.000%: −$8.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.49
Costs to cover: 0.140%
Break-even: 10.4 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 61 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 61 min ago	8.87 bp	19.2 bp −$19	183.9 bp −$1,839	doesn't fit	doesn't fit

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	+0.368%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0601%	1h	93.910	−0.036%	$45K	$374K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.940	−0.004%	$95K	$265K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.909	−0.037%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.950%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0089%	8h	94.030	+0.092%	$10.7M	$16.8M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.111%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	94.133	+0.202%	$13K	$299K	25x	as long as short
BloFin BZ-USDT	−0.0049%	4h	93.970	+0.028%	$1.5M	$110K	50x	as long as short
Binance BZUSDT	−0.0032%	4h	94.040	+0.102%	$145.1M	$467.5M	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	−0.0023%	4h	93.931	−0.014%	$216K	$231K	20x	as long as short
Aster BZUSDT	0.0000%	4h	94.039	+0.101%	$322K	$822K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.010	+0.070%	$15.7M	$28.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	93.980	+0.039%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.030	+0.092%	$27.7M	$30.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	−0.056%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.970	+0.028%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.970	+0.028%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.370	+0.454%	$1.2M	$80K	100x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0009%	1h	94.020	+0.081%	$129.1M	$183.1M	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.672	+0.775%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.610	+3.903%	—	$736K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0027%	8h	93.944	long leg	$1K	$2K	5x
Aftermath Perps BRENTUSD	+0.0027%	1h	94.079	+0.144%	$7K	$38K	5x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.960	+0.017%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.058	+0.121%	$749K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.941	−0.003%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.860	−0.089%	$3.0M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	93.980	+0.039%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDTshort	+0.0100%	1h	93.860	−0.089%	$25K	$274K	50x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.005	+0.065%	$32K	—	111x	as long as short