Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.009%

Price spread now: Kraken Futures against Paradex+0.003%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 Kraken Futures

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.192	0.0038	pay 0.0038% / 8h	7h 50m	$3K	$521	5x
Short	Kraken Futures PF_BRENTOILUSD	96.194	0.0020	get 0.0002% / 1h	50m 27s	$83K	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$3.8
Price spread: +0.003% → 0.000%: $0.29
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$17.51
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 22 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 Kraken Futures live order book, 22 min ago	4.83 bp	13.0 bp −$13	30.2 bp −$302	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 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	96.145	−0.048%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.709%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.126%	$232K	$483K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0062%	1h	96.170	−0.022%	$103K	$272K	15x	as long as short
BloFin BZ-USDT	−0.0057%	4h	96.140	−0.054%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.210	+0.019%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.180	−0.012%	$145.7M	$437.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.170	−0.022%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.170	−0.022%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.179	−0.013%	$2.2M	$1.3M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate BZ_USDT	0.0000%	8h	96.130	−0.064%	$9.2M	$14.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.180	−0.012%	$27.6M	$20.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.120	−0.074%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.238	+0.049%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.170	−0.022%	$4K	$2.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.140	−0.054%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.175%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	0.0000%	4h	96.183	−0.008%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.716	+0.545%	—	—	—	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0020%	1h	96.194	+0.003%	$83K	$233K	20x
Ondo Perps BRENT-USD.P	+0.0024%	1h	96.130	−0.064%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0032%	1h	96.204	+0.013%	$743K	$5.3M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0038%	8h	96.192	long leg	$3K	$521	5x
Vest BZ-PERP	+0.0046%	1h	100.29	+4.261%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0048%	1h	96.200	+0.009%	$3.4M	$4.2M	20x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.218	+0.028%	$151.0M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.245	+0.056%	$1.5M	$502K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.220	+0.030%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.260	+0.071%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0240%	1h	96.220	+0.030%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0594%	1h	96.183	−0.009%	$6K	$44K	5x	as long as short