Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.013%

Price spread now: SunX against Paradex+0.070%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 SunX

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 pays, funding is against you. SunX is 0.070% dearer against Paradex than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.953	0.0049	pay 0.0049% / 8h	5h 49m	$3K	$336	5x
Short	SunX BRENTOIL-USDT	97.020	0	get 0.0000% / 4h	1h 49m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$10.34
Price spread: +0.070% → 0.000%: $6.95
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.39
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	18.57 bp	26.4 bp −$26	35.1 bp −$351	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 30 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	96.207	−0.769%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.810	−0.147%	$234K	$425K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.980	+0.029%	$337K	$998K	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.946	−0.007%	$146.5M	$375.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.930	−0.023%	$10.3M	$13.4M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.950	−0.003%	$15.9M	$20.8M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.945	−0.008%	$2.3M	$1.3M	20x	as long as short
Hotstuff BRENTOIL-PERP	0.0000%	1h	96.990	+0.039%	$33K	—	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.910	−0.044%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.940	−0.013%	$27.4M	$16.4M	100x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.006	+0.055%	$9.4M	$7.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.011	+0.060%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	97.020	+0.070%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.990	+0.039%	$104K	$239K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.990	+0.039%	$278K	$269K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.010	+0.059%	$1.2M	$84K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.529	+0.595%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.887	−0.067%	$222K	$227K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.960	+0.008%	$3.3M	$4.5M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.959	+0.007%	$676K	$4.9M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	101.05	+4.226%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0049%	8h	96.953	long leg	$3K	$336	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.970	+0.018%	$151.9M	$125.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.062	+0.113%	$1.5M	$446K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.930	−0.023%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.050	+0.100%	$3.8M	$876K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.970	+0.018%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0180% / S +0.0062%	1h	96.985	+0.033%	$126K	—	111x	as long as short
Aftermath Perps BRENTUSD	+0.0198%	1h	96.969	+0.017%	$7K	$44K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	97.027	+0.076%	$84K	$218K	20x	as long as short