Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.017%

Price spread now: BloFin against Paradex−0.037%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 BloFin

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.037% cheaper against Paradex than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.196	0.0050	pay 0.0050% / 8h	4h 15m	$3K	$336	5x
Short	BloFin BZ-USDT	97.160	0.0053	get 0.0027% / 4h	15m 43s	$1.5M	$91K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0.65
Price spread: −0.037% → 0.000%: −$3.68
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.03
Costs to cover: 0.160%
Break-even: 210.8 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	1.54 bp	7.5 bp −$8	7.8 bp −$78	19.4 bp −$1,938	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 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	96.433	−0.785%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.046%	$234K	$436K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	+0.025%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.152	−0.045%	$147.2M	$369.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.170	−0.027%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.150	−0.047%	$16.1M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.189	−0.007%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.140	−0.057%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.190	−0.006%	$27.6M	$16.5M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.168	−0.029%	$9.4M	$6.8M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.176	−0.020%	$29K	$361K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.200	+0.004%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.200	+0.004%	$104K	$233K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.120	−0.078%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.330	+0.138%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.740	+0.560%	—	—	—	as long as short
edgeX BZUSDC	+0.0016%	4h	97.148	−0.049%	$223K	$228K	20x	as long as short
Vest BZ-PERP	+0.0032%	1h	101.22	+4.140%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.150	−0.047%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.189	−0.007%	$680K	$4.4M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.196	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.212	+0.017%	$153.3M	$127.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.239	+0.044%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.140	−0.057%	$3.1M	$1.1M	15x	as long as short
BloFin BZ-USDTshort	+0.0053%	4h	97.160	−0.037%	$1.5M	$91K	50x
KuCoin BZUSDTM	+0.0100%	4h	97.230	+0.035%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.180	−0.016%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0119%	1h	97.221	+0.026%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0142%	1h	97.207	+0.012%	$84K	$206K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0144%	1h	97.260	+0.066%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0208% / S −0.0120%	1h	97.185	−0.011%	$126K	—	111x	as long as short