Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.001%

Price spread now: Paradex against Ondo Perps−0.006%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps 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 airdropOndo Perps: 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps BRENT-USD.P	94.040	0.0050	pay 0.0006% / 1h	42m 59s	$3.0M	$1.2M	15x
Short	Paradex BZ-USD-PERP	94.035	0.0027	get 0.0027% / 8h	5h 42m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Ondo Perps. 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 Ondo PerpsbpFee ParadexbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$4.83
Price spread: −0.006% → 0.000%: −$0.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.42
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Ondo Perps and 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 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.080	+0.043%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0494%	1h	94.050	+0.011%	$34K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.077	+0.039%	$100K	$271K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.034	−0.006%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.846%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0092%	8h	94.080	+0.043%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.213%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0078%	4h	93.835	−0.218%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0036%	4h	94.091	+0.054%	$145.0M	$471.2M	100x	as long as short
edgeX BZUSDC	−0.0028%	4h	94.137	+0.103%	$216K	$232K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.148	+0.115%	$323K	$812K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.060	+0.021%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.080	+0.043%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.080	+0.043%	$27.5M	$30.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.961	−0.084%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.070	+0.032%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.180	+0.149%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	+0.298%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.666	+0.666%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.780	+3.977%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0023%	1h	94.135	+0.101%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERPshort	+0.0027%	8h	94.035	−0.006%	$2K	$2K	5x
Lighter BRENTOIL	+0.0032%	1h	94.060	+0.021%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.110	+0.074%	$763K	$3.8M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0046%	1h	94.150	+0.117%	$133.3M	$187.7M	20x	as long as short
BloFin BZ-USDT	+0.0047%	4h	94.050	+0.011%	$1.5M	$113K	50x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.089	+0.052%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.Plong	+0.0050%	1h	94.040	long leg	$3.0M	$1.2M	15x
KuCoin BZUSDTM	+0.0100%	4h	94.070	+0.032%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	+0.138%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.075	+0.037%	$32K	—	111x	as long as short