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: Paradex against SunX−0.032%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Paradex

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 pays, the price is against you. Paradex is 0.032% cheaper against SunX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 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	SunX BRENTOIL-USDT	97.370	0	get 0.0000% / 4h	3h 25m	$4K	$2.5M	20x
Short	Paradex BZ-USD-PERP	97.339	0.0050	get 0.0050% / 8h	3h 25m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.5
Price spread: −0.032% → 0.000%: −$3.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.67
Costs to cover: 0.120%
Break-even: 10.1 days

Slippage unknown: SunX: live order book, 11 min ago; Paradex: 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 SunX live order book, 11 min ago	18.48 bp	22.5 bp −$22	30.5 bp −$305	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	96.628	−0.762%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.103%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0001%	4h	97.350	−0.021%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.343	−0.028%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.330	−0.041%	$147.2M	$367.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.310	−0.062%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.300	−0.072%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.320	−0.051%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.290	−0.082%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.320	−0.051%	$27.9M	$16.6M	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	97.297	−0.075%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.368	−0.002%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDTlong	0.0000%	4h	97.370	long leg	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.320	−0.051%	$104K	$246K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.240	−0.134%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.430	+0.062%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.347	−0.024%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.856	+0.499%	—	—	—	as long as short
Vest BZ-PERP	+0.0027%	1h	101.37	+4.108%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.320	−0.051%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.331	−0.040%	$680K	$4.1M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.339	−0.032%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.335	−0.036%	$153.7M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.344	−0.027%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.300	−0.072%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.332	−0.039%	$82K	$208K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.380	+0.010%	$3.8M	$853K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−0.010%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0102%	1h	97.368	−0.002%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0160%	1h	97.380	+0.010%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0254% / S −0.1336%	1h	97.315	−0.056%	$115K	—	111x	as long as short