Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.027%

Price spread now: Deribit against Paradex+0.073%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.073% dearer against Paradex than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.799	0.0046	pay 0.0046% / 8h	6h 57m	$3K	$521	5x
Short	Deribit BRENTOIL_USDC-PERPETUAL	96.870	0	get 0.0000% / 1h	57m 53s	$103K	$271K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$9.74
Price spread: +0.073% → 0.000%: $7.29
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$13.44
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 11 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 Deribit live order book, 11 min ago	0.52 bp	8.1 bp −$8	8.6 bp −$86	doesn't fit	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	95.731	−1.104%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.650	−0.154%	$234K	$440K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.901	+0.105%	$337K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.883	+0.086%	$146.1M	$400.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.850	+0.052%	$10.4M	$14.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.860	+0.063%	$15.9M	$24.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.796	−0.004%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.840	+0.042%	$9.2M	$12.6M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.860	+0.063%	$27.7M	$16.9M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.668	−0.136%	$9.3M	$7.4M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	96.660	−0.144%	$24K	$366K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.860	+0.063%	$4K	$2.6M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUALshort	0.0000%	1h	96.870	+0.073%	$103K	$271K	15x
HTX BRENTOIL-USDT	0.0000%	4h	96.700	−0.103%	$308K	$222K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.870	+0.073%	$1.2M	$88K	100x	as long as short
BloFin BZ-USDT	+0.0005%	4h	96.840	+0.042%	$1.5M	$91K	50x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.398	+0.618%	—	—	—	as long as short
edgeX BZUSDC	+0.0015%	4h	96.699	−0.104%	$221K	$233K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.870	+0.073%	$3.3M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.873	+0.076%	$687K	$5.3M	10x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.86	+4.195%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0046%	8h	96.799	long leg	$3K	$521	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.881	+0.084%	$151.9M	$138.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.861	+0.064%	$1.5M	$506K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.810	+0.011%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.900	+0.104%	$3.8M	$918K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.740	−0.061%	$25K	$272K	50x	as long as short
Hotstuff BRENTOIL-PERP	+0.0136%	1h	96.820	+0.021%	$33K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0202% / S +0.0119%	1h	96.865	+0.068%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0253%	1h	96.870	+0.073%	$83K	$219K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0317%	1h	96.775	−0.025%	$7K	$44K	5x	as long as short