Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.041%

Price spread now: Paradex against Deribit−0.043%7-day average — · you buy dearer than you sell

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

Long on Deribit 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 0.043% cheaper against Deribit than usual: you would sell low and buy high (spread −0.043% 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	Deribit BRENTOIL_USDC-PERPETUAL	96.230	0	get 0.0000% / 1h	13m 17s	$103K	$275K	15x
Short	Paradex BZ-USD-PERP	96.189	0.0029	get 0.0029% / 8h	13m 17s	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now −0.043%Rate

Funding earned: $6.18
Price spread: −0.043% → 0.000%: −$4.27
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.09
Costs to cover: 0.110%
Break-even: 17.3 days

Slippage unknown: Deribit: live order book, 65 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 Deribit live order book, 65 min ago	0.52 bp	4.0 bp −$4	4.8 bp −$48	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 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	96.195	−0.036%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.484	−0.775%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0072%	1h	96.240	+0.010%	$33K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0040%	1h	96.070	−0.166%	$232K	$534K	15x	as long as short
RISEx BZ/USDC	−0.0020%	1h	96.189	−0.043%	$2.2M	$1.3M	20x	as long as short
Aster BZUSDT	0.0000%	4h	96.206	−0.025%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.200	−0.031%	$145.8M	$452.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.210	−0.021%	$10.5M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.190	−0.042%	$15.8M	$26.5M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	96.150	−0.083%	$9.2M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	96.180	−0.052%	$27.6M	$20.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.181	−0.051%	$9.3M	$7.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.206	−0.025%	$34K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.220	−0.010%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALlong	0.0000%	1h	96.230	long leg	$103K	$275K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.120	−0.114%	$306K	$249K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.200	−0.031%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0012%	4h	96.186	−0.046%	$220K	$234K	20x	as long as short
Paradex BZ-USD-PERPshort	+0.0029%	8h	96.189	−0.043%	$3K	$521	5x
BloFin BZ-USDT	+0.0039%	4h	96.160	−0.073%	$1.5M	$96K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	99.880	+3.793%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.241	+0.011%	$151.1M	$144.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.262	+0.033%	$1.5M	$525K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0083%	1h	96.270	+0.042%	$6K	$44K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.100	−0.135%	$3.8M	$988K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.210	−0.021%	$25K	$271K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	96.246	+0.016%	$83K	$234K	20x	as long as short
Lighter BRENTOIL	+0.0272%	1h	96.220	−0.010%	$3.3M	$4.3M	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0405%	1h	96.160	−0.073%	$3.1M	$1.1M	15x	as long as short
Extended XBR-USD	+0.0560%	1h	96.132	−0.102%	$675K	$5.2M	10x	as long as short