Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0211%/8h= −23.2% APRpaid last 24h −0.038%

Price spread now: Deribit against Paradex−0.001%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	94.201	0.0037	pay 0.0037% / 8h	4h 58m	$2K	$2K	5x
Short	Deribit BRENTOIL_USDC-PERPETUAL	94.200	−0.0174	pay 0.0022% / 1h	58m 06s	$29K	$387K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$44.41
Price spread: −0.001% → 0.000%: −$0.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$55.53
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 49 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 49 min ago	0.53 bp	6.1 bp −$6	6.3 bp −$63	doesn't fit	doesn't fit

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
RISEx BZ/USDC	−0.0384%	1h	94.179	−0.024%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.169	−0.034%	$106K	$275K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	−0.0174%	1h	94.200	−0.001%	$29K	$387K	15x
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.054%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0062%	8h	94.230	+0.031%	$10.5M	$17.4M	100x	as long as short
BloFin BZ-USDT	−0.0051%	4h	94.140	−0.065%	$1.5M	$123K	50x	as long as short
Binance BZUSDT	−0.0020%	4h	94.264	+0.067%	$145.5M	$465.7M	100x	as long as short
GRVT BZ_USDT_Perp	−0.0010%	4h	93.888	−0.333%	$15K	$307K	25x	as long as short
edgeX BZUSDC	−0.0007%	4h	93.856	−0.366%	$216K	$232K	20x	as long as short
OKX BZ-USDT-SWAP	−0.0004%	4h	94.230	+0.031%	$15.7M	$28.5M	50x	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	94.254	+0.056%	$323K	$637K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.220	+0.020%	$8.8M	$12.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.270	+0.073%	$27.3M	$30.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.850	−0.373%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.220	+0.020%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	−0.086%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.240	+0.041%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0008%	1h	93.977	−0.238%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.704	+0.534%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.810	+3.831%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.200	−0.001%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.239	+0.041%	$749K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.674%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERPlong	+0.0037%	8h	94.201	long leg	$2K	$2K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.290	+0.094%	$138.6M	$184.4M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.186	−0.016%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.170	−0.033%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.190	−0.012%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	93.870	−0.351%	$25K	$273K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0120%	1h	94.200	−0.001%	$32K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.195	−0.006%	$22K	—	111x	as long as short