Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h 0.000%

Price spread now: Kraken Futures against Paradex+0.035%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 Kraken Futures

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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.035% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	97.812	0.0050	pay 0.0050% / 8h	57m 27s	$3K	$355	5x
Short	Kraken Futures PF_BRENTOILUSD	97.846	0.0112	get 0.0014% / 1h	57m 27s	$82K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.035%Rate

Funding earned: $13.1
Price spread: +0.035% → 0.000%: $3.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.55
Costs to cover: 0.140%
Break-even: 5.6 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 45 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 Kraken Futures live order book, 45 min ago	4.66 bp	14.5 bp −$14	29.4 bp −$294	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 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	96.970	−0.861%	$8K	$7K	30x	as long as short
BloFin BZ-USDT	−0.0058%	4h	97.750	−0.063%	$1.5M	$96K	50x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	−0.115%	$237K	$415K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.846	+0.035%	$340K	$880K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.846	+0.034%	$148.8M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.840	+0.029%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.870	+0.059%	$16.1M	$19.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.813	+0.001%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.780	−0.033%	$9.3M	$10.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.860	+0.049%	$28.1M	$18.2M	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	97.538	−0.280%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.523	−0.296%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.810	−0.002%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.840	+0.029%	$101K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.580	−0.237%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.840	+0.029%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	102.01	+4.292%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.388	+0.589%	—	—	—	as long as short
edgeX BZUSDC	+0.0011%	4h	97.780	−0.033%	$225K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.810	−0.002%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.840	+0.029%	$722K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0048%	1h	97.840	+0.029%	$34K	—	20x	as long as short
Paradex BZ-USD-PERPlong	+0.0050%	8h	97.812	long leg	$3K	$355	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.857	+0.046%	$155.8M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.919	+0.109%	$1.6M	$462K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.750	−0.063%	$3.1M	$1.0M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.810	−0.002%	$3.8M	$809K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.258%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0103%	1h	97.666	−0.150%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSDshort	+0.0112%	1h	97.846	+0.035%	$82K	$204K	20x
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.815	+0.003%	$116K	—	111x	as long as short