BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.50 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against Paradex+0.071%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Bybit

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 pays, funding is against you. Bybit is 0.071% dearer against Paradex than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.650	0.0050	pay 0.0050% / 8h	1h 57m	$3K	$336	5x
Short	Bybit BZUSDT	97.720	0	get 0.0000% / 8h	1h 57m	$10.3M	$12.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$10.5
Price spread: +0.071% → 0.000%: $7.14
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.51 bp	9.0 bp −$9	13.6 bp −$136	98.9 bp −$9,890	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	96.939	−0.728%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.530	−0.123%	$235K	$424K	15x	as long as short
BloFin BZ-USDT	−0.0037%	4h	97.670	+0.020%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.740	+0.092%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.740	+0.092%	$147.8M	$355.7M	100x	as long as short
Bybit BZUSDTshort	0.0000%	8h	97.720	+0.071%	$10.3M	$12.6M	100x
OKX BZ-USDT-SWAP	0.0000%	4h	97.730	+0.082%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.660	+0.010%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.680	+0.030%	$9.3M	$10.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.740	+0.092%	$27.8M	$17.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.647	−0.003%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.660	+0.010%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.690	+0.041%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.740	+0.092%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.680	+0.030%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.690	+0.041%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.277	+0.642%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.77	+4.219%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0017%	4h	97.628	−0.022%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.720	+0.071%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.733	+0.085%	$677K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.720	+0.071%	$34K	—	20x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.650	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.745	+0.097%	$154.7M	$123.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.733	+0.085%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.640	−0.011%	$3.1M	$995K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0075%	1h	97.638	−0.013%	$7K	$41K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.750	+0.102%	$3.8M	$830K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.670	+0.020%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.717	+0.069%	$82K	$208K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.735	+0.087%	$116K	—	111x	as long as short