Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.012%

Price spread now: edgeX against Paradex−0.268%52s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.268% cheaper against Paradex than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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	Paradex BZ-USD-PERP	95.551	0.0026	pay 0.0026% / 8h	6h 54m	$1K	$2K	5x
Short	edgeX BZUSDC	95.295	0.0007	get 0.0003% / 4h	2h 54m	$219K	$230K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.268%Rate

Funding earned: −$4.16
Price spread: −0.268% → 0.000%: −$26.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$43.98
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 38 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 edgeX live order book, 38 min ago	10.28 bp	14.8 bp −$15	16.7 bp −$167	63.2 bp −$6,319	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
Kraken Futures PF_BRENTOILUSD	−0.0338%	1h	95.653	+0.106%	$81K	$205K	20x	as long as short
RISEx BZ/USDC	−0.0289%	1h	95.595	+0.046%	$2.4M	$1.8M	20x	as long as short
GRVT BZ_USDT_Perp	−0.0154%	4h	95.254	−0.312%	$13K	$318K	25x	as long as short
Ondo Perps BRENT-USD.P	−0.0095%	1h	95.560	+0.009%	$3.0M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	95.320	−0.242%	$276K	$593K	15x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0064%	1h	95.640	+0.093%	$98K	$269K	15x	as long as short
Bybit BZUSDT	−0.0036%	8h	95.620	+0.072%	$10.1M	$14.7M	100x	as long as short
BloFin BZ-USDT	−0.0005%	4h	95.470	−0.085%	$1.5M	$102K	50x	as long as short
Aster BZUSDT	0.0000%	4h	95.651	+0.104%	$329K	$703K	50x	as long as short
Binance BZUSDT	0.0000%	4h	95.620	+0.072%	$146.7M	$396.1M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	95.610	+0.061%	$16.1M	$23.4M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	95.590	+0.040%	$9.2M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	95.640	+0.093%	$28.2M	$23.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	95.346	−0.214%	$9.2M	$6.5M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	95.670	+0.124%	$4K	$2.1M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	95.500	−0.054%	$273K	$263K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	95.620	+0.072%	$1.2M	$80K	100x	as long as short
edgeX BZUSDCshort	+0.0007%	4h	95.295	−0.268%	$219K	$230K	20x
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	95.654	+0.107%	—	—	—	as long as short
Vest BZ-PERP	+0.0012%	1h	99.270	+3.892%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0026%	8h	95.551	long leg	$1K	$2K	5x
Lighter BRENTOIL	+0.0032%	1h	95.610	+0.061%	$3.5M	$4.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	95.672	+0.126%	$754K	$2.7M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	95.630	+0.082%	$33K	—	20x	as long as short
Injective BRENT/USDC PERP	+0.0033%	1h	96.342	+0.827%	$8K	$7K	30x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	95.642	+0.095%	$153.1M	$128.7M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	95.605	+0.056%	$1.6M	$386K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0055%	1h	95.425	−0.132%	$7K	$39K	5x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	95.650	+0.103%	$3.4M	$1.1M	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	95.220	−0.347%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0185% / S −0.0707%	1h	95.555	+0.004%	$33K	—	111x	as long as short