Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0016%/8h= +1.7% APRpaid last 24h +0.010%

Price spread now: Paradex against gTrade (Gains Network)−0.667%103s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.667% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.667% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 5 months of funding at the current rate ($0 a day). The two prices were read 103 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	gTrade (Gains Network) BRENT/USD	94.666	L +0.0011% / S −0.0011%	pay 0.0001% / 1h	43m 09s	—	—	—
Short	Paradex BZ-USD-PERP	94.035	0.0027	get 0.0027% / 8h	5h 43m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now −0.667%Rate

Funding earned: $3.35
Price spread: −0.667% → 0.000%: −$66.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$77.38
Costs to cover: 0.140%
Break-even: 168.6 days

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

gTrade (Gains Network) and 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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.080	−0.619%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0494%	1h	94.050	−0.651%	$34K	$383K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0342%	1h	94.077	−0.623%	$100K	$271K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	94.034	−0.668%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+0.179%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0092%	8h	94.090	−0.609%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.873%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0078%	4h	93.835	−0.878%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0036%	4h	94.100	−0.598%	$145.0M	$470.9M	100x	as long as short
edgeX BZUSDC	−0.0028%	4h	94.137	−0.559%	$216K	$232K	20x	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	94.135	−0.561%	$323K	$812K	50x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	94.100	−0.598%	$15.8M	$28.3M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.030	−0.672%	$8.8M	$12.8M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.110	−0.588%	$27.5M	$30.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.961	−0.745%	$9.0M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.070	−0.630%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.180	−0.514%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.320	−0.366%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USDlong	L +0.0011% / S −0.0011%	1h	94.666	long leg	—	—	—
Vest BZ-PERP	+0.0018%	1h	97.780	+3.289%	—	$736K	10x	as long as short
Aftermath Perps BRENTUSD	+0.0023%	1h	94.135	−0.562%	$7K	$37K	5x	as long as short
Paradex BZ-USD-PERPshort	+0.0027%	8h	94.035	−0.667%	$2K	$2K	5x
Lighter BRENTOIL	+0.0032%	1h	94.060	−0.640%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.099	−0.600%	$763K	$3.8M	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0043%	1h	94.090	−0.609%	$132.8M	$187.4M	20x	as long as short
BloFin BZ-USDT	+0.0047%	4h	94.050	−0.651%	$1.5M	$113K	50x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.089	−0.610%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.040	−0.661%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.070	−0.630%	$3.5M	$1.2M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.170	−0.524%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	94.075	−0.625%	$32K	—	111x	as long as short