Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.012%

Price spread now: edgeX against Paradex+0.109%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on edgeX

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 · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.109% dearer against Paradex than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	94.035	0.0027	pay 0.0027% / 8h	5h 43m	$2K	$2K	5x
Short	edgeX BZUSDC	94.137	−0.0028	pay 0.0014% / 4h	1h 43m	$216K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$11.62
Price spread: +0.109% → 0.000%: $10.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$13.75
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago	10.62 bp	15.2 bp −$15	16.5 bp −$165	66.5 bp −$6,653	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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.080	+0.048%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0493%	1h	94.130	+0.102%	$34K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.186	+0.161%	$100K	$270K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.034	−0.001%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.852%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0092%	8h	94.070	+0.038%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.207%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0078%	4h	93.835	−0.212%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0036%	4h	94.070	+0.038%	$145.1M	$470.8M	100x	as long as short
edgeX BZUSDCshort	−0.0028%	4h	94.137	+0.109%	$216K	$232K	20x

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	94.129	+0.100%	$323K	$812K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.060	+0.027%	$15.8M	$28.2M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.000	−0.037%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.060	+0.027%	$27.5M	$30.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.961	−0.078%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.190	+0.165%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.180	+0.155%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.310	+0.293%	$1.2M	$80K	100x	as long as short
BloFin BZ-USDT	0.0000%	4h	94.200	+0.176%	$1.5M	$114K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.666	+0.672%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.900	+4.111%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0025%	1h	94.072	+0.040%	$7K	$38K	5x	as long as short
Paradex BZ-USD-PERPlong	+0.0027%	8h	94.035	long leg	$2K	$2K	5x
Lighter BRENTOIL	+0.0032%	1h	94.030	−0.005%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.097	+0.066%	$763K	$3.8M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0040%	1h	94.085	+0.054%	$132.4M	$187.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.226	+0.204%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.040	+0.006%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.040	+0.006%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	+0.144%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.125	+0.096%	$32K	—	111x	as long as short