Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.015%

Price spread now: BloFin against Paradex−0.034%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.034% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.533	0.0043	pay 0.0043% / 8h	7h 23m	$3K	$521	5x
Short	BloFin BZ-USDT	96.500	0.0014	get 0.0007% / 4h	3h 23m	$1.5M	$95K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$6.14
Price spread: −0.034% → 0.000%: −$3.41
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$25.55
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.52 bp	7.0 bp −$7	10.9 bp −$109	21.9 bp −$2,189	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 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	95.669	−0.895%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.479%	$232K	$468K	15x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0098% / S +0.0137%	1h	96.565	+0.033%	$33K	—	111x	as long as short
Aster BZUSDT	0.0000%	4h	96.569	+0.037%	$336K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.577	+0.046%	$145.7M	$422.3M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.570	+0.038%	$10.4M	$15.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.580	+0.049%	$15.9M	$25.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.534	+0.001%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.520	−0.013%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.580	+0.049%	$27.6M	$19.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	96.459	−0.076%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.503	−0.031%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.560	+0.028%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.590	+0.059%	$103K	$271K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.490	−0.044%	$307K	$226K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.570	+0.038%	$1.2M	$93K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.107	+0.595%	—	—	—	as long as short
BloFin BZ-USDTshort	+0.0014%	4h	96.500	−0.034%	$1.5M	$95K	50x
edgeX BZUSDC	+0.0017%	4h	96.499	−0.035%	$221K	$232K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.576	+0.045%	$83K	$235K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.560	+0.028%	$33K	—	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.580	+0.049%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.572	+0.040%	$746K	$5.3M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0033%	1h	96.460	−0.075%	$3.1M	$1.1M	15x	as long as short
Paradex BZ-USD-PERPlong	+0.0043%	8h	96.533	long leg	$3K	$521	5x
Vest BZ-PERP	+0.0046%	1h	100.60	+4.213%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.600	+0.070%	$151.5M	$139.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.590	+0.059%	$1.5M	$506K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.600	+0.070%	$3.8M	$983K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.500	−0.034%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0406%	1h	96.525	−0.008%	$7K	$45K	5x	as long as short