BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.031%

Price spread now: KuCoin against Binance−0.046%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 7 days−0.006%−$1 · spread now −0.046%, 7d avg −0.009%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.037% cheaper against Binance than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.009%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.575	0	get 0.0000% / 4h	1h 00m	$148.5M	$352.7M	100x
Short	KuCoin BZUSDTM	97.530	0.0100	get 0.0050% / 4h	1h 00m	$3.8M	$812K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $21
Price spread: −0.046% → −0.009%: −$3.73
Slippage, 4 orders: −$15.41
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$20.14
Costs to cover: 0.374%
Break-even: 13.7 days

Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 7 min ago.

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 Binance live order book, 13 min ago	0.51 bp	5.5 bp −$6	5.8 bp −$58	9.9 bp −$987	38.9 bp −$19.5K
Sell KuCoin live order book, 7 min ago	0.51 bp	10.5 bp −$11	36.5 bp −$365	doesn't fit	doesn't fit

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	96.970	−0.620%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.700	+0.128%	$237K	$417K	15x	as long as short
BloFin BZ-USDT	−0.0009%	4h	97.550	−0.026%	$1.5M	$96K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.579	+0.004%	$339K	$880K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.575	long leg	$148.5M	$352.7M	100x
Bybit BZUSDT	0.0000%	8h	97.560	−0.015%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.590	+0.015%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.523	−0.053%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.520	−0.056%	$9.3M	$11.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.570	−0.005%	$27.8M	$17.5M	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	97.538	−0.038%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.483	−0.094%	$30K	$315K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.570	−0.005%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.530	−0.046%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.480	−0.097%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.650	+0.077%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.72	+4.248%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.479	−0.099%	$225K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.092	+0.530%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.036%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.549	−0.026%	$717K	$3.2M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.510	−0.067%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.521	−0.056%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.624	+0.050%	$155.3M	$115.3M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.584	+0.009%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.450	−0.128%	$3.1M	$993K	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.530	−0.046%	$3.8M	$812K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.510	−0.067%	$26K	$273K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0109%	1h	97.554	−0.021%	$7K	$41K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.559	−0.016%	$82K	$204K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.525	−0.051%	$116K	—	111x	as long as short