Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Paradex+0.572%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.572% dearer against Paradex than usual: you sell high and buy low (spread +0.572% now, against zero (this spread has no 7-day history yet)): +$57 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex BZ-USD-PERP	96.262	0.0039	pay 0.0039% / 8h	7h 45m	$3K	$521	5x
Short	gTrade (Gains Network) BRENT/USD	96.812	L +0.0011% / S −0.0011%	get 0.0001% / 1h	45m 40s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.572%Rate

Funding earned: −$5.89
Price spread: +0.572% → 0.000%: $57.18
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $37.29
Costs to cover: 0.140%
Break-even: from the start

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

Paradex and gTrade (Gains Network): 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
GMX BRENTOIL/USD [ETH-USDC]	L −0.0848% / S +0.0467%	1h	96.265	+0.003%	$120K	—	111x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	95.510	−0.781%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0136%	1h	96.070	−0.199%	$232K	$483K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.245	−0.017%	$334K	$1.2M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.257	−0.005%	$145.6M	$435.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.270	+0.009%	$10.4M	$16.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.260	−0.002%	$15.8M	$25.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.252	−0.010%	$2.2M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.220	−0.043%	$9.2M	$14.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.270	+0.009%	$27.6M	$20.1M	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	96.240	−0.022%	$9.3M	$7.5M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.251	−0.011%	$24K	$375K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.280	+0.019%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.290	+0.029%	$103K	$272K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.210	−0.054%	$306K	$229K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.360	+0.102%	$1.2M	$94K	100x	as long as short
edgeX BZUSDC	+0.0010%	4h	96.205	−0.059%	$220K	$233K	20x	as long as short
gTrade (Gains Network) BRENT/USDshort	L +0.0011% / S −0.0011%	1h	96.812	+0.572%	—	—	—
Kraken Futures PF_BRENTOILUSD	+0.0020%	1h	96.289	+0.028%	$83K	$233K	20x	as long as short
Hotstuff BRENTOIL-PERP	+0.0024%	1h	96.300	+0.040%	$33K	—	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0028%	1h	96.180	−0.085%	$3.1M	$1.1M	15x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.280	+0.019%	$3.4M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.278	+0.017%	$745K	$5.4M	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0039%	8h	96.262	long leg	$3K	$521	5x
BloFin BZ-USDT	+0.0044%	4h	96.280	+0.019%	$1.5M	$95K	50x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.36	+4.258%	—	$735K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.290	+0.029%	$151.1M	$143.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.326	+0.067%	$1.5M	$511K	20x	as long as short
KuCoin BZUSDTM	+0.0100%	4h	96.310	+0.050%	$3.8M	$989K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.270	+0.009%	$25K	$272K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0546%	1h	96.226	−0.037%	$6K	$44K	5x	as long as short