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Funding arb · Price arb /

BZ

RWAall BZ markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.033%
Price spread now: KuCoin against BloFin0.000%65s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$390.393% of the position
Long on BloFinShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 4 days (all we have)+0.093%+$9 · spread now 0.000%, 7d avg +0.027%
Together, before fees+0.272%+$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.027% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.027%). If the spread goes back, that is −$3 on $10k: about 15 hours of funding at the current rate (+$4 a day). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin BZ-USDT97.710−0.0048get 0.0024% / 4h1h 18m$1.5M$97K50x
ShortKuCoin BZUSDTM97.7100.0100get 0.0050% / 4h1h 18m$3.8M$817K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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

Funding earned
$31.09
Price spread: 0.000% → +0.027%
−$2.75
Slippage, 4 orders
−$15.33
Fee BloFin: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$10.99
Costs to cover
0.393%
Break-even
9.5 days
Slippage from BloFin: live order book, 5 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago1.53 bp7.5 bp −$89.9 bp −$9917.6 bp −$1,755doesn't fit
Sell KuCoin live order book, 10 min ago0.51 bp13.8 bp −$1438.4 bp −$384doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective BRENT/USDC PERP−0.0220%1h97.018−0.708%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTX−0.0088%1h97.700−0.010%$237K$417K15xas long as short
BloFin BZ-USDTlong−0.0048%4h97.710long leg$1.5M$97K50x
Aster BZUSDT0.0000%4h97.732+0.022%$340K$880K50xas long as short
Binance BZUSDT0.0000%4h97.730+0.020%$147.8M$350.8M100xas long as short
Bybit BZUSDT0.0000%8h97.700−0.010%$10.4M$13.1M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.7100.000%$16.1M$19.7M50xas long as short
RISEx BZ/USDC0.0000%1h97.686−0.025%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.680−0.031%$9.3M$11.1M100xas long as short
Bitget BZUSDT0.0000%4h97.720+0.010%$27.9M$17.4M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BZ0.0000%4h97.718+0.008%$9.4M$6.9M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.779+0.070%$24K$305K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.730+0.020%$4K$2.4M20xas long as short
Deribit BRENTOIL_USDC-PERPETUAL0.0000%1h97.720+0.010%$100K$252K15xas long as short
HTX BRENTOIL-USDT0.0000%4h97.690−0.020%$280K$253K75xas long as short
Phemex XBRUSDT0.0000%4h97.780+0.072%$1.2M$86K100xas long as short
edgeX BZUSDC+0.0006%4h97.768+0.059%$225K$227K20xas long as short
Vest BZ-PERP+0.0009%1h101.84+4.227%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.278+0.581%———as long as short
Hotstuff BRENTOIL-PERP+0.0024%1h97.740+0.031%$34K—20xas long as short
Lighter BRENTOIL+0.0032%1h97.720+0.010%$3.3M$4.1M20xas long as short
Extended XBR-USD+0.0032%1h97.714+0.004%$682K$3.2M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.728+0.018%$3K$3365xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.742+0.033%$155.1M$115.8M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.753+0.044%$1.6M$463K20xas long as short
Ondo Perps BRENT-USD.P+0.0050%1h97.610−0.102%$3.1M$1.0M15xas long as short
Aftermath Perps BRENTUSD+0.0091%1h97.734+0.025%$7K$41K5xas long as short
KuCoin BZUSDTMshort+0.0100%4h97.7100.000%$3.8M$817K50x
ApeX Omni BZUSDT+0.0100%1h97.740+0.031%$26K$273K50xas long as short
Kraken Futures PF_BRENTOILUSD+0.0158%1h97.736+0.026%$82K$206K20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0328% / S −0.2771%1h97.725+0.015%$116K—111xas long as short