Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.013%

Price spread now: Paradex against OKX+0.032%7-day average — · you sell dearer than you buy

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

Long on OKX 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 0.032% dearer against OKX 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	OKX BZ-USDT-SWAP	94.370	−0.0002	get 0.0001% / 4h	54m 44s	$15.8M	$28.6M	50x
Short	Paradex BZ-USD-PERP	94.400	0.0038	get 0.0038% / 8h	4h 54m	$2K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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 OKXbpFee ParadexbpOrdersPrice spread, now +0.032%Rate

Funding earned: $8.3
Price spread: +0.032% → 0.000%: $3.17
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.53
Costs to cover: 0.140%
Break-even: 9.1 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	0.53 bp	6.1 bp −$6	9.2 bp −$92	32.2 bp −$3,218	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	94.347	−0.024%	$2.2M	$2.6M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0337%	1h	94.379	+0.010%	$107K	$276K	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0279%	1h	94.390	+0.021%	$29K	$385K	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	94.150	−0.233%	$246K	$1.0M	15x	as long as short
Bybit BZUSDT	−0.0058%	8h	94.390	+0.021%	$10.4M	$17.4M	100x	as long as short
Binance BZUSDT	−0.0021%	4h	94.439	+0.073%	$145.7M	$465.9M	100x	as long as short
edgeX BZUSDC	−0.0012%	4h	94.203	−0.177%	$217K	$230K	20x	as long as short
GRVT BZ_USDT_Perp	−0.0006%	4h	94.243	−0.135%	$16K	$307K	25x	as long as short
OKX BZ-USDT-SWAPlong	−0.0002%	4h	94.370	long leg	$15.8M	$28.6M	50x
BloFin BZ-USDT	−0.0001%	4h	94.400	+0.032%	$1.5M	$123K	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	94.450	+0.085%	$324K	$634K	50x	as long as short
Gate BZ_USDT	0.0000%	8h	94.340	−0.032%	$8.8M	$12.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	94.400	+0.032%	$27.3M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	94.280	−0.095%	$8.9M	$6.7M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	94.380	+0.011%	$4K	$1.6M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	94.120	−0.265%	$241K	$312K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.450	+0.085%	$1.2M	$93K	100x	as long as short
Aftermath Perps BRENTUSD	+0.0009%	1h	94.147	−0.237%	$7K	$37K	5x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.914	+0.577%	—	—	—	as long as short
Vest BZ-PERP	+0.0017%	1h	98.040	+3.889%	—	$736K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	94.400	+0.032%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	94.390	+0.021%	$753K	$3.9M	10x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	94.836	+0.494%	$8K	$7K	30x	as long as short
Paradex BZ-USD-PERPshort	+0.0038%	8h	94.400	+0.032%	$2K	$2K	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	94.480	+0.117%	$139.9M	$183.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	94.386	+0.017%	$1.5M	$495K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	94.400	+0.032%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	94.370	0.000%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	94.290	−0.085%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0165% / S −0.0429%	1h	94.365	−0.005%	$22K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0504%	1h	94.280	−0.095%	$32K	—	20x	as long as short