Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0007%/8h= −0.7% APRpaid last 24h −0.002%

Price spread now: Paradex against tradeXYZ+0.016%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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 airdroptradeXYZ: Active · Paradex: Active · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BRENTOIL	97.099	0.0050	pay 0.0006% / 1h	20m 27s	$154.4M	$116.8M	20x
Short	Paradex BZ-USD-PERP	97.114	0.0043	get 0.0043% / 8h	7h 20m	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against tradeXYZ. 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 tradeXYZbpFee ParadexbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$1.38
Price spread: +0.016% → 0.000%: $1.57
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	0.05 bp	9.8 bp −$10	11.1 bp −$111	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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0265%	1h	97.080	−0.020%	$100K	$267K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−0.780%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0087%	1h	96.980	−0.123%	$3.1M	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0064%	4h	97.181	+0.084%	$13K	$340K	25x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.240	+0.145%	$237K	$410K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.039	−0.062%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.089	−0.010%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.064	−0.036%	$336K	$707K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.063	−0.037%	$147.9M	$357.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.100	+0.001%	$10.2M	$13.4M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.050	−0.050%	$16.2M	$20.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.040	−0.061%	$9.2M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.100	+0.001%	$27.9M	$19.1M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.031	−0.070%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.090	−0.009%	$4K	$2.3M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.080	−0.020%	$279K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.160	+0.063%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0007%	1h	100.95	+3.966%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.706	+0.625%	—	—	—	as long as short
edgeX BZUSDC	+0.0012%	4h	97.177	+0.081%	$224K	$230K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.100	+0.001%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.123	+0.025%	$749K	$2.7M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0043%	8h	97.114	+0.016%	$2K	$1K	5x
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.140	+0.042%	$33K	—	20x	as long as short
tradeXYZ xyz:BRENTOILlong	+0.0050%	1h	97.099	long leg	$154.4M	$116.8M	20x
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.095	−0.004%	$1.6M	$336K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0059%	1h	97.268	+0.174%	$7K	$39K	5x	as long as short
BloFin BZ-USDT	+0.0060%	4h	97.040	−0.061%	$1.5M	$101K	50x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.100	+0.001%	$3.8M	$787K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.220	+0.125%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0327% / S −0.2771%	1h	97.055	−0.045%	$115K	—	111x	as long as short