Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: SunX against Paradex+0.041%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 SunX

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 pays, funding is against you. SunX is 0.041% dearer against Paradex than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.100	0.0050	pay 0.0050% / 8h	12m 06s	$2K	$1K	5x
Short	SunX BRENTOIL-USDT	97.140	0	get 0.0000% / 4h	12m 06s	$4K	$2.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$10.46
Price spread: +0.041% → 0.000%: $4.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$18.34
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 5 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 SunX live order book, 5 min ago	18.02 bp	26.7 bp −$27	35.2 bp −$352	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	96.342	−0.781%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.110	+0.010%	$236K	$416K	15x	as long as short
Ondo Perps BRENT-USD.P	−0.0005%	1h	96.980	−0.124%	$3.1M	$997K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.232	+0.136%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.198	+0.101%	$148.3M	$351.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.180	+0.082%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.180	+0.082%	$16.1M	$19.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.073	−0.028%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.140	+0.041%	$9.2M	$11.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	+0.124%	$27.9M	$18.5M	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	97.090	−0.010%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.146	+0.048%	$17K	$319K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.140	+0.041%	$4K	$2.4M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.210	+0.113%	$100K	$256K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.070	−0.031%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.560	+0.474%	$1.2M	$86K	100x	as long as short
edgeX BZUSDC	+0.0006%	4h	97.124	+0.025%	$223K	$230K	20x	as long as short
Vest BZ-PERP	+0.0010%	1h	101.16	+4.181%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.741	+0.660%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.200	+0.103%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.227	+0.131%	$728K	$2.9M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.100	long leg	$2K	$1K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.197	+0.100%	$155.3M	$115.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.185	+0.088%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0055%	4h	97.090	−0.010%	$1.5M	$98K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0056%	1h	97.090	−0.010%	$33K	—	20x	as long as short
Aftermath Perps BRENTUSD	+0.0084%	1h	97.108	+0.008%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.170	+0.072%	$3.8M	$803K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.150	+0.051%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.187	+0.089%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.165	+0.067%	$115K	—	111x	as long as short