Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Paradex+0.545%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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. gTrade (Gains Network) is 0.545% dearer against Paradex than usual: you sell high and buy low (spread +0.545% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.371	0.0050	pay 0.0050% / 8h	3h 45m	$3K	$336	5x
Short	gTrade (Gains Network) BRENT/USD	97.902	L +0.0011% / S −0.0011%	get 0.0001% / 1h	45m 27s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.545%Rate

Funding earned: −$8.15
Price spread: +0.545% → 0.000%: $54.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $32.36
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	96.333	−1.066%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.104%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0050%	4h	97.420	+0.050%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.371	0.000%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.372	+0.001%	$147.6M	$368.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.370	−0.001%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	−0.001%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.365	−0.007%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.340	−0.032%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.370	−0.001%	$27.9M	$16.7M	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	97.348	−0.024%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.351	−0.021%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.390	+0.019%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.370	−0.001%	$104K	$241K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.053%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.390	+0.019%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.375	+0.004%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	97.902	+0.545%	—	—	—
Vest BZ-PERP	+0.0030%	1h	101.41	+4.148%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.370	−0.001%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.393	+0.022%	$679K	$4.2M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.371	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.407	+0.037%	$153.6M	$126.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.416	+0.046%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.320	−0.053%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.376	+0.005%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.420	+0.050%	$3.8M	$869K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.040%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0108%	1h	97.329	−0.044%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	97.400	+0.029%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0234% / S −0.0292%	1h	97.345	−0.027%	$126K	—	111x	as long as short