Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.018%

Price spread now: Paradex against BloFin+0.125%93s7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Paradex

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 +$1 a day on $10k at the current rate, and Paradex is 0.125% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	94.250	−0.0011	get 0.0006% / 4h	55m 21s	$1.5M	$123K	50x
Short	Paradex BZ-USD-PERP	94.368	0.0038	get 0.0038% / 8h	4h 55m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now +0.125%Rate

Funding earned: $10.24
Price spread: +0.125% → 0.000%: $12.48
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.72
Costs to cover: 0.160%
Break-even: 2.4 days

Slippage unknown: BloFin: live order book, 5 min ago; Paradex: 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 BloFin live order book, 5 min ago	0.53 bp	8.0 bp −$8	8.8 bp −$88	17.2 bp −$1,718	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	94.346	+0.101%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.251	+0.001%	$106K	$276K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0280%	1h	94.290	+0.042%	$29K	$386K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.106%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0060%	8h	94.390	+0.149%	$10.5M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0021%	4h	94.400	+0.159%	$145.6M	$465.8M	100x	as long as short
edgeX BZUSDC	−0.0012%	4h	94.203	−0.050%	$217K	$230K	20x	as long as short
BloFin BZ-USDTlong	−0.0011%	4h	94.250	long leg	$1.5M	$123K	50x
GRVT BZ_USDT_Perp	−0.0006%	4h	94.243	−0.008%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAP	−0.0002%	4h	94.390	+0.149%	$15.7M	$28.6M	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	94.437	+0.199%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.330	+0.085%	$8.8M	$12.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.390	+0.149%	$27.3M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	+0.032%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.300	+0.053%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	−0.138%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	+0.074%	$1.2M	$91K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0009%	1h	94.147	−0.110%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.914	+0.705%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.040	+4.021%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.370	+0.127%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.410	+0.169%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.622%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERPshort	+0.0038%	8h	94.368	+0.125%	$2K	$2K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.413	+0.173%	$139.7M	$184.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.386	+0.144%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.320	+0.074%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.340	+0.095%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.290	+0.042%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.365	+0.122%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0504%	1h	94.280	+0.032%	$32K	—	20x	as long as short