Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h +0.037%

Price spread now: Paradex against Coinbase International−0.337%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Funding pays, the price is against you. Paradex is 0.337% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.337% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BRENTOIL-PERP-INTX	97.700	−0.0056	get 0.0007% / 1h	48m 05s	$237K	$412K	15x
Short	Paradex BZ-USD-PERP	97.371	0.0050	get 0.0050% / 8h	48m 05s	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.337%Rate

Funding earned: $22.25
Price spread: −0.337% → 0.000%: −$33.72
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$25.47
Costs to cover: 0.140%
Break-even: 15.0 days

Slippage unknown: Coinbase International: live order book, 55 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 Coinbase International live order book, 55 min ago	1.02 bp	6.3 bp −$6	9.9 bp −$99	doesn't fit	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 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	97.155	−0.558%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0096%	1h	97.440	−0.266%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTXlong	−0.0056%	1h	97.700	long leg	$237K	$412K	15x
BloFin BZ-USDT	−0.0032%	4h	97.380	−0.328%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.419	−0.288%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.404	−0.303%	$148.4M	$352.7M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.390	−0.317%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.380	−0.328%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.392	−0.315%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.360	−0.348%	$9.2M	$10.8M	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	97.400	−0.307%	$27.9M	$18.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.526	−0.178%	$9.4M	$6.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.530	−0.174%	$18K	$329K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.420	−0.287%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.400	−0.307%	$100K	$253K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.300	−0.409%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.460	−0.246%	$1.2M	$87K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.533	−0.171%	$225K	$228K	20x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.52	+3.910%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.973	+0.279%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.380	−0.328%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.391	−0.316%	$737K	$3.2M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0036%	1h	97.340	−0.368%	$3.1M	$1.0M	15x	as long as short
Paradex BZ-USD-PERPshort	+0.0050%	8h	97.371	−0.337%	$2K	$1K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.420	−0.287%	$155.2M	$114.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.465	−0.241%	$1.6M	$462K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0082%	1h	97.529	−0.175%	$7K	$40K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	97.410	−0.297%	$3.8M	$805K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	97.560	−0.143%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.409	−0.298%	$82K	$201K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.425	−0.281%	$116K	—	111x	as long as short