Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.016%

Price spread now: KuCoin against Paradex+0.036%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 KuCoin

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.036% dearer against Paradex than usual: you sell high and buy low: +$4 more if the spread 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	96.965	0.0050	pay 0.0050% / 8h	5h 28m	$3K	$336	5x
Short	KuCoin BZUSDTM	97.000	0.0100	get 0.0050% / 4h	1h 28m	$3.8M	$872K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.036%Rate

Funding earned: $10.6
Price spread: +0.036% → 0.000%: $3.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1.8
Costs to cover: 0.160%
Break-even: 8.2 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	0.52 bp	16.1 bp −$16	40.1 bp −$401	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
Injective BRENT/USDC PERP	−0.0220%	1h	96.164	−0.826%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.067%	$233K	$431K	15x	as long as short
BloFin BZ-USDT	−0.0004%	4h	96.900	−0.067%	$1.5M	$86K	50x	as long as short
Aster BZUSDT	0.0000%	4h	96.967	+0.002%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.980	+0.015%	$146.8M	$373.9M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.950	−0.015%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.960	−0.005%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.959	−0.006%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.930	−0.036%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.960	−0.005%	$27.4M	$16.4M	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	96.885	−0.082%	$9.3M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.880	−0.088%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.970	+0.005%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.960	−0.005%	$103K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.870	−0.098%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.930	−0.036%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.864	−0.105%	$222K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.513	+0.565%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.970	+0.005%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.981	+0.016%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.02	+4.182%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	96.965	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.985	+0.021%	$152.0M	$125.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.014	+0.051%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.067%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.000	+0.036%	$3.8M	$872K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−0.067%	$25K	$274K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0152%	1h	97.000	+0.036%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0166%	1h	96.904	−0.063%	$7K	$44K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0043%	1h	96.975	+0.010%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.998	+0.034%	$84K	$218K	20x	as long as short