Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against HTX+0.083%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.083%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.027% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BRENTOIL-USDT | 96.930 | 0 | get 0.0000% / 4h | 1h 53m | $278K | $269K | 75x |
| Short | KuCoin BZUSDTM | 97.010 | 0.0100 | get 0.0050% / 4h | 1h 53m | $3.8M | $877K | 50x |
HTX BRENTOIL-USDT
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.083% → +0.056%
- $2.67
- Slippage, 4 orders
- −$13.67
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$14
- Costs to cover
- 0.377%
- Break-even
- 11.7 days
Slippage from HTX: live order book, 9 min ago; KuCoin: live order book, 4 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 HTX live order book, 9 min ago | 3.10 bp | 9.1 bp −$9 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 0.51 bp | 11.9 bp −$12 | 36.4 bp −$364 | doesn't fit | doesn't fit |
BZ on 30 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 | 96.207 | −0.746% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0104% | 1h | 96.810 | −0.124% | $234K | $425K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.952 | +0.022% | $337K | $998K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.958 | +0.029% | $146.5M | $375.7M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.940 | +0.010% | $10.3M | $13.5M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.960 | +0.031% | $15.9M | $20.8M | 50x | as long as short |
| RISEx BZ/USDC | 0.0000% | 1h | 96.890 | −0.041% | $2.3M | $1.3M | 20x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 96.920 | −0.010% | $33K | — | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.910 | −0.021% | $9.2M | $12.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.950 | +0.021% | $27.4M | $16.4M | 100x | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
RISEx BZ/USDC
Hotstuff BRENTOIL-PERP
Gate BZ_USDT
Bitget BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BZ | 0.0000% | 4h | 96.939 | +0.009% | $9.3M | $7.1M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.949 | +0.019% | $37K | $343K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.880 | −0.052% | $4K | $2.5M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.970 | +0.041% | $104K | $237K | 15x | as long as short |
| HTX BRENTOIL-USDTlong | 0.0000% | 4h | 96.930 | long leg | $278K | $269K | 75x | |
| Phemex XBRUSDT | 0.0000% | 4h | 96.950 | +0.021% | $1.2M | $84K | 100x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 97.491 | +0.579% | — | — | — | as long as short |
| edgeX BZUSDC | +0.0019% | 4h | 96.922 | −0.008% | $222K | $227K | 20x | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 96.960 | +0.031% | $3.3M | $4.5M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 96.957 | +0.028% | $677K | $4.9M | 10x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 100.98 | +4.178% | — | $735K | 10x | as long as short |
| Paradex BZ-USD-PERP | +0.0049% | 8h | 96.887 | −0.045% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.972 | +0.043% | $151.9M | $125.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.993 | +0.065% | $1.5M | $446K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 96.850 | −0.083% | $3.1M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 97.010 | +0.083% | $3.8M | $877K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.950 | +0.021% | $25K | $273K | 50x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0180% / S +0.0064% | 1h | 96.955 | +0.026% | $126K | — | 111x | as long as short |
| Aftermath Perps BRENTUSD | +0.0209% | 1h | 96.935 | +0.005% | $8K | $44K | 5x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0298% | 1h | 96.989 | +0.061% | $84K | $218K | 20x | as long as short |
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
Phemex XBRUSDT
gTrade (Gains Network) BRENT/USD
edgeX BZUSDC
Lighter BRENTOIL
Extended XBR-USD
Vest BZ-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
ApeX Omni BZUSDT
GMX BRENTOIL/USD [ETH-USDC]
Aftermath Perps BRENTUSD
Kraken Futures PF_BRENTOILUSD