Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Paradex+0.611%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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 pays, funding is against you. gTrade (Gains Network) is 0.611% dearer against Paradex than usual: you sell high and buy low (spread +0.611% now, against zero (this spread has no 7-day history yet)): +$61 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 52 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.575	0.0050	pay 0.0050% / 8h	2h 09m	$3K	$336	5x
Short	gTrade (Gains Network) BRENT/USD	98.171	L +0.0011% / S −0.0011%	get 0.0001% / 1h	9m 28s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.611%Rate

Funding earned: −$8.16
Price spread: +0.611% → 0.000%: $61.06
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $38.9
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	96.939	−0.652%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.046%	$235K	$430K	15x	as long as short
BloFin BZ-USDT	−0.0041%	4h	97.680	+0.108%	$1.5M	$95K	50x	as long as short
Hotstuff BRENTOIL-PERP	−0.0024%	1h	97.590	+0.015%	$34K	—	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.583	+0.008%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.567	−0.008%	$147.6M	$358.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.570	−0.005%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.570	−0.005%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.549	−0.026%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.540	−0.036%	$9.3M	$11.7M	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	97.580	+0.005%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	+0.095%	$9.4M	$7.0M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.687	+0.115%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.720	+0.149%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.600	+0.026%	$100K	$250K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.660	+0.087%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.590	+0.015%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.649	+0.076%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	98.171	+0.611%	—	—	—
Vest BZ-PERP	+0.0015%	1h	101.66	+4.187%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	+0.093%	$225K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.570	−0.005%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.583	+0.008%	$680K	$3.6M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.575	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.571	−0.004%	$154.3M	$122.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.626	+0.052%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.056%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0073%	1h	97.679	+0.107%	$7K	$42K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.590	+0.015%	$3.8M	$832K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.118%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.635	+0.062%	$116K	—	111x	as long as short