Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0014%/8h= +1.6% APRpaid last 24h −0.001%

Price spread now: Paradex against Extended+0.002%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XBR-USD	96.852	0.0032	pay 0.0004% / 1h	57m 17s	$689K	$5.3M	10x
Short	Paradex BZ-USD-PERP	96.854	0.0046	get 0.0046% / 8h	6h 57m	$3K	$521	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $3.03
Price spread: +0.002% → 0.000%: $0.19
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.78
Costs to cover: 0.090%
Break-even: 20.3 days

Slippage unknown: Extended: live order book, 2 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 Extended live order book, 2 min ago	0.05 bp	3.1 bp −$3	17.0 bp −$170	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	95.962	−0.919%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.209%	$234K	$421K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.874	+0.022%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.830	−0.023%	$146.0M	$398.4M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.840	−0.013%	$10.4M	$14.8M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.840	−0.013%	$15.9M	$23.9M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.853	+0.001%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.790	−0.064%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.850	−0.002%	$27.7M	$16.8M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.190%	$9.3M	$7.4M	—	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	96.828	−0.025%	$24K	$355K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.880	+0.028%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.850	−0.002%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.157%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.840	−0.013%	$1.2M	$88K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	−0.013%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.362	+0.526%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.739	−0.118%	$222K	$232K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.880	+0.028%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USDlong	+0.0032%	1h	96.852	long leg	$689K	$5.3M	10x
Vest BZ-PERP	+0.0046%	1h	100.87	+4.148%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0046%	8h	96.854	+0.002%	$3K	$521	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.849	−0.004%	$151.8M	$138.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.895	+0.044%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.820	−0.033%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.870	+0.018%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.890	+0.039%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	96.910	+0.059%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0203% / S +0.0118%	1h	96.825	−0.028%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.861	+0.009%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0315%	1h	96.781	−0.073%	$7K	$45K	5x	as long as short