Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against Paradex+0.029%48s7-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 Polymarket 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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.029% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.477	0.0043	pay 0.0043% / 8h	7h 29m	$3K	$521	5x
Short	Polymarket Perps BRENTOIL-USD	96.505	0.0050	get 0.0006% / 1h	29m 37s	$1.5M	$511K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: $1.57
Price spread: +0.029% → 0.000%: $2.85
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$7.58
Costs to cover: 0.120%
Break-even: 40.9 days

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago	2.07 bp	7.0 bp −$7	7.5 bp −$75	19.9 bp −$1,989	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	95.669	−0.838%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.422%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.455	−0.023%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.488	+0.010%	$335K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.490	+0.013%	$145.6M	$424.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.490	+0.013%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.470	−0.008%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.476	−0.002%	$2.2M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.500	+0.023%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.440	−0.039%	$9.2M	$14.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.490	+0.013%	$27.6M	$19.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.430	−0.049%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.442	−0.037%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.450	−0.028%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.470	−0.008%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.410	−0.070%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.470	−0.008%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0001%	4h	96.424	−0.055%	$221K	$234K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.988	+0.529%	—	—	—	as long as short
BloFin BZ-USDT	+0.0014%	4h	96.450	−0.028%	$1.5M	$95K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.475	−0.002%	$83K	$235K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0031%	1h	96.410	−0.070%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.480	+0.003%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.487	+0.010%	$746K	$5.4M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0043%	8h	96.477	long leg	$3K	$521	5x
Vest BZ-PERP	+0.0046%	1h	100.53	+4.201%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.491	+0.014%	$151.5M	$142.3M	20x	as long as short
Polymarket Perps BRENTOIL-USDshort	+0.0050%	1h	96.505	+0.029%	$1.5M	$511K	20x
KuCoin BZUSDTM	+0.0100%	4h	96.510	+0.034%	$3.8M	$984K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.490	+0.013%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0444%	1h	96.482	+0.004%	$7K	$45K	5x	as long as short