Funding arb · Price arb /

BZ

RWAall BZ markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0103%/8hpaid last 24h −0.002%

Price spread now: Hotstuff against Paradex+0.022%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 Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 · Hotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hotstuff is 0.022% dearer against Paradex than usual: you sell high and buy low: +$2 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	Paradex BZ-USD-PERP	96.149	0.0049	pay 0.0049% / 8h	4h 04m	$3K	$473	5x
Short	Hotstuff BRENTOIL-PERP	96.170	0.0152	get 0.0019% / 1h	4m 07s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.022%Rate

Funding earned: $21.62
Price spread: +0.022% → 0.000%: $2.16
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $14.78
Costs to cover: 0.090%
Break-even: 2.2 days

Slippage unknown: Paradex: no order-book sample; Hotstuff: 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 Hotstuff no order-book sample	—	—	—	—	—

Paradex and Hotstuff: 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	95.342	−0.840%	$10K	$4K	30x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L −0.0196% / S +0.0327%	1h	96.155	+0.006%	$109K	—	111x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	95.990	−0.166%	$230K	$839K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.168	+0.020%	$333K	$1.7M	50x	as long as short
Binance BZUSDT	0.0000%	4h	96.150	+0.001%	$145.2M	$477.5M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.160	+0.011%	$10.4M	$16.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.140	−0.010%	$15.8M	$30.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.133	−0.017%	$2.2M	$1.2M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.120	−0.030%	$9.1M	$18.9M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.160	+0.011%	$27.7M	$23.1M	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	96.105	−0.046%	$9.5M	$11.7M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	96.109	−0.041%	$35K	$408K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	96.170	+0.022%	$4K	$2.7M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.190	+0.042%	$103K	$280K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.060	−0.093%	$319K	$233K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.150	+0.001%	$1.2M	$98K	100x	as long as short
BloFin BZ-USDT	+0.0001%	4h	96.110	−0.041%	$1.5M	$96K	50x	as long as short
Ondo Perps BRENT-USD.P	+0.0010%	1h	96.110	−0.041%	$3.1M	$1.1M	15x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	96.890	+0.770%	—	—	—	as long as short
edgeX BZUSDC	+0.0017%	4h	96.083	−0.069%	$220K	$234K	20x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0028%	1h	96.153	+0.004%	$81K	$262K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.160	+0.011%	$3.3M	$4.4M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.198	+0.051%	$671K	$5.2M	10x	as long as short
Aftermath Perps BRENTUSD	+0.0043%	1h	96.134	−0.016%	$6K	$48K	5x	as long as short
Vest BZ-PERP	+0.0046%	1h	100.24	+4.255%	—	$735K	10x	as long as short
Paradex BZ-USD-PERPlong	+0.0049%	8h	96.149	long leg	$3K	$473	5x
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.195	+0.048%	$149.0M	$144.2M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	96.194	+0.047%	$1.5M	$552K	20x	as long as short
KuCoin BZUSDTM	+0.0074%	4h	96.190	+0.042%	$3.7M	$986K	50x	as long as short
ApeX Omni BZUSDT	+0.0100%	1h	96.090	−0.062%	$25K	$270K	50x	as long as short
Hotstuff BRENTOIL-PERPshort	+0.0152%	1h	96.170	+0.022%	$33K	—	20x