Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.046%

Price spread now: GRVT against Paradex−0.047%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 GRVT

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 · GRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GRVT is 0.047% cheaper against Paradex than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.016	0.0016	pay 0.0016% / 8h	1h 14m	$3K	$521	5x
Short	GRVT BZ_USDT_Perp	95.971	0	get 0.0000% / 4h	1h 14m	$34K	$388K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$3.41
Price spread: −0.047% → 0.000%: −$4.68
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.09
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 3 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 GRVT live order book, 3 min ago	0.52 bp	5.0 bp −$5	6.1 bp −$61	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 30 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.015	−0.001%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.799%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.020	+0.004%	$2.2M	$1.3M	20x	as long as short
Ondo Perps BRENT-USD.P	−0.0041%	1h	95.990	−0.027%	$3.0M	$1.1M	15x	as long as short
BloFin BZ-USDT	−0.0028%	4h	95.990	−0.027%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	+0.035%	$232K	$638K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.013	−0.004%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.009	−0.007%	$145.6M	$476.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.020	+0.004%	$10.3M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	95.980	−0.037%	$15.8M	$27.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	95.960	−0.058%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.000	−0.017%	$27.4M	$21.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.993	−0.024%	$9.3M	$8.2M	—	as long as short
GRVT BZ_USDT_Perpshort	0.0000%	4h	95.971	−0.047%	$34K	$388K	25x
SunX BRENTOIL-USDT	0.0000%	4h	96.040	+0.025%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.050	+0.035%	$102K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.940	−0.079%	$305K	$259K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.030	+0.015%	$1.2M	$100K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	96.023	+0.007%	$220K	$234K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0007%	1h	96.054	+0.039%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERPlong	+0.0016%	8h	96.016	long leg	$3K	$521	5x
Lighter BRENTOIL	+0.0032%	1h	96.020	+0.004%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.937	−0.083%	$670K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.04	+4.191%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.047	+0.032%	$147.8M	$146.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.082	+0.069%	$1.5M	$529K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.040	+0.025%	$3.7M	$999K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.090	+0.077%	$25K	$271K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0184%	1h	96.060	+0.046%	$33K	—	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.059	+0.045%	$81K	$235K	20x	as long as short