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 +0.029%

Price spread now: KuCoin against GRVT0.000%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now 0.000%, 7d avg +0.015%

Together, before fees+0.259%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT BZ_USDT_Perp	97.360	0	get 0.0000% / 4h	37m 26s	$18K	$330K	25x
Short	KuCoin BZUSDTM	97.360	0.0100	get 0.0050% / 4h	37m 26s	$3.8M	$802K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.015%: −$1.48
Slippage, 4 orders: −$14.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$15.93
Costs to cover: 0.354%
Break-even: 12.3 days

Slippage from GRVT: live order book, 65 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 65 min ago	0.51 bp	7.8 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.54 bp	13.1 bp −$13	38.5 bp −$385	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	97.155	−0.211%	$8K	$7K	30x	as long as short
Hotstuff BRENTOIL-PERP	−0.0056%	1h	97.350	−0.010%	$34K	—	20x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.700	+0.349%	$237K	$412K	15x	as long as short
BloFin BZ-USDT	−0.0034%	4h	97.360	0.000%	$1.5M	$95K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.354	−0.006%	$339K	$860K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.330	−0.031%	$149.4M	$353.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.300	−0.062%	$10.2M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.330	−0.031%	$16.1M	$19.6M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.307	−0.054%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.290	−0.072%	$9.2M	$10.9M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BZUSDT	0.0000%	4h	97.330	−0.031%	$27.8M	$18.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.336	−0.025%	$9.5M	$6.6M	—	as long as short
GRVT BZ_USDT_Perplong	0.0000%	4h	97.360	long leg	$18K	$330K	25x
SunX BRENTOIL-USDT	0.0000%	4h	97.410	+0.051%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	0.000%	$100K	$254K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.330	−0.031%	$279K	$254K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.530	+0.175%	$1.2M	$87K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.41	+4.160%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.346	−0.015%	$224K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.901	+0.555%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.320	−0.041%	$3.3M	$3.9M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.339	−0.021%	$738K	$3.1M	10x	as long as short
Ondo Perps BRENT-USD.P	+0.0034%	1h	97.270	−0.092%	$3.1M	$998K	15x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.320	−0.041%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.361	+0.001%	$155.2M	$114.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.376	+0.016%	$1.6M	$405K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0092%	1h	97.389	+0.030%	$7K	$40K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.360	0.000%	$3.8M	$802K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.320	−0.041%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0113%	1h	97.375	+0.015%	$82K	$200K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.335	−0.026%	$116K	—	111x	as long as short