Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.011%

Price spread now: Paradex against edgeX−0.108%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.108% cheaper against edgeX than usual: you would sell low and buy high (spread −0.108% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 9.2 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	edgeX BZUSDC	97.311	0.0011	pay 0.0006% / 4h	33m 16s	$224K	$228K	20x
Short	Paradex BZ-USD-PERP	97.207	0.0050	get 0.0050% / 8h	33m 16s	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.108%Rate

Funding earned: $8.14
Price spread: −0.108% → 0.000%: −$10.76
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.62
Costs to cover: 0.130%
Break-even: 20.4 days

Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago	10.27 bp	14.8 bp −$15	15.6 bp −$156	59.8 bp −$5,978	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	96.605	−0.726%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.156%	$236K	$412K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.291	−0.021%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.283	−0.030%	$149.2M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.250	−0.063%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.280	−0.032%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.207	−0.107%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.240	−0.073%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.290	−0.022%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.286	−0.026%	$9.5M	$6.5M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.219	−0.096%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.280	−0.032%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.280	−0.032%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.140	−0.176%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.480	+0.173%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.34	+4.140%	—	$735K	10x	as long as short
edgeX BZUSDClong	+0.0011%	4h	97.311	long leg	$224K	$228K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.823	+0.526%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.250	−0.063%	$34K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	97.130	−0.187%	$3.1M	$996K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.200	−0.115%	$3.3M	$4.0M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.278	−0.035%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.207	−0.108%	$2K	$1K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.295	−0.017%	$155.2M	$114.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.310	−0.002%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0050%	4h	97.190	−0.125%	$1.5M	$98K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0091%	1h	97.308	−0.004%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.260	−0.053%	$3.8M	$801K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.160	−0.156%	$25K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.289	−0.023%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.275	−0.038%	$115K	—	111x	as long as short