Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.010%

Price spread now: Ondo Perps against Paradex−0.039%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.039% cheaper against Paradex than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.057	0.0024	pay 0.0024% / 8h	1h 03m	$3K	$521	5x
Short	Ondo Perps BRENT-USD.P	96.020	0.0050	get 0.0006% / 1h	3m 49s	$3.0M	$1.1M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.039%Rate

Funding earned: $5.64
Price spread: −0.039% → 0.000%: −$3.89
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$7.24
Costs to cover: 0.090%
Break-even: 16.0 days

Slippage unknown: Paradex: no order-book sample; Ondo Perps: 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 Ondo Perps no order-book sample	—	—	—	—	—

Paradex and Ondo Perps: 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	96.075	+0.018%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.249	−0.842%	$8K	$7K	30x	as long as short
RISEx BZ/USDC	−0.0075%	1h	96.053	−0.005%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	−0.0064%	1h	96.080	+0.024%	$33K	—	20x	as long as short
BloFin BZ-USDT	−0.0028%	4h	96.030	−0.028%	$1.5M	$95K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0016%	1h	96.050	−0.008%	$232K	$607K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.081	+0.024%	$334K	$1.5M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.095	+0.039%	$145.7M	$470.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.090	+0.034%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.080	+0.024%	$15.8M	$27.0M	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	96.040	−0.018%	$9.2M	$18.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.080	+0.024%	$27.4M	$21.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.022	−0.037%	$9.2M	$8.2M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.009	−0.051%	$34K	$388K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.090	+0.034%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.100	+0.044%	$103K	$279K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.040	−0.018%	$306K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.070	+0.013%	$1.2M	$96K	100x	as long as short
edgeX BZUSDC	+0.0009%	4h	96.018	−0.041%	$220K	$233K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0015%	1h	96.063	+0.006%	$6K	$45K	5x	as long as short
Paradex BZ-USD-PERPlong	+0.0024%	8h	96.057	long leg	$3K	$521	5x
Lighter BRENTOIL	+0.0032%	1h	96.060	+0.003%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.970	−0.090%	$670K	$5.2M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.08	+4.188%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.125	+0.070%	$147.9M	$145.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.132	+0.078%	$1.5M	$529K	20x	as long as short
Ondo Perps BRENT-USD.Pshort	+0.0050%	1h	96.020	−0.039%	$3.0M	$1.1M	15x
KuCoin BZUSDTM	+0.0100%	4h	96.090	+0.034%	$3.8M	$995K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.060	+0.003%	$25K	$270K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0555%	1h	96.117	+0.062%	$81K	$235K	20x	as long as short