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 HTX−0.107%7-day average — · you buy dearer than you sell

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

Long on HTX 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 0.107% cheaper against HTX than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.2 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	HTX BRENTOIL-USDT	97.330	0	get 0.0000% / 4h	34m 26s	$279K	$254K	75x
Short	Paradex BZ-USD-PERP	97.226	0.0050	get 0.0050% / 8h	34m 26s	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now −0.107%Rate

Funding earned: $10.48
Price spread: −0.107% → 0.000%: −$10.71
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.22
Costs to cover: 0.160%
Break-even: 17.8 days

Slippage unknown: HTX: 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 HTX live order book, 2 min ago	3.08 bp	9.1 bp −$9	15.8 bp −$158	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	96.605	−0.745%	$8K	$7K	30x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0059%	1h	97.200	−0.134%	$100K	$254K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.160	−0.175%	$235K	$410K	15x	as long as short
Hotstuff BRENTOIL-PERP	−0.0032%	1h	97.250	−0.082%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.214	−0.119%	$338K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.190	−0.144%	$149.1M	$352.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.160	−0.175%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.180	−0.154%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.211	−0.122%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.150	−0.185%	$9.2M	$10.9M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.220	−0.113%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.286	−0.045%	$9.5M	$6.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.360	+0.031%	$18K	$330K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.210	−0.123%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDTlong	0.0000%	4h	97.330	long leg	$279K	$254K	75x
Phemex XBRUSDT	0.0000%	4h	97.420	+0.092%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.29	+4.069%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0011%	4h	97.311	−0.019%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.733	+0.414%	—	—	—	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	97.130	−0.205%	$3.1M	$997K	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−0.113%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.237	−0.096%	$738K	$3.1M	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.226	−0.107%	$2K	$1K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.212	−0.121%	$154.9M	$114.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.226	−0.107%	$1.6M	$405K	20x	as long as short
BloFin BZ-USDT	+0.0050%	4h	97.190	−0.144%	$1.5M	$98K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0094%	1h	97.327	−0.003%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.220	−0.113%	$3.8M	$802K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.330	0.000%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.232	−0.101%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.215	−0.118%	$115K	—	111x	as long as short