Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −0.014%

Price spread now: Paradex against Kraken Futures−0.039%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.039% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BRENTOILUSD	97.252	0.0142	pay 0.0018% / 1h	34m 31s	$84K	$207K	20x
Short	Paradex BZ-USD-PERP	97.214	0.0050	get 0.0050% / 8h	4h 34m	$3K	$336	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$19.39
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$37.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 23 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 Kraken Futures live order book, 23 min ago	2.31 bp	12.3 bp −$12	26.6 bp −$266	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	96.571	−0.701%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	−0.013%	$234K	$437K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.210	−0.044%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.220	−0.033%	$338K	$954K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.222	−0.031%	$147.1M	$371.2M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.210	−0.044%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.200	−0.054%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.206	−0.048%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.170	−0.085%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.220	−0.033%	$27.5M	$16.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.238	−0.015%	$9.4M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.240	−0.013%	$28K	$352K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.240	−0.013%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.210	−0.044%	$104K	$237K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.190	−0.064%	$279K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.290	+0.039%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0008%	4h	97.209	−0.045%	$223K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.766	+0.528%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.280	+0.028%	$34K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.220	−0.033%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.241	−0.012%	$680K	$4.5M	10x	as long as short
Vest BZ-PERP	+0.0034%	1h	101.24	+4.100%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.214	−0.039%	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.252	0.000%	$153.0M	$124.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.273	+0.021%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.170	−0.085%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.240	−0.013%	$3.8M	$870K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.260	+0.008%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0100%	1h	97.264	+0.012%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSDlong	+0.0142%	1h	97.252	long leg	$84K	$207K	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0200% / S −0.0061%	1h	97.215	−0.038%	$126K	—	111x	as long as short