BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.031%

Price spread now: Binance against KuCoin−0.062%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.062%, 7d avg +0.009%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.070% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.530	0.0100	pay 0.0050% / 4h	3h 28m	$3.8M	$790K	50x
Short	Binance BZUSDT	97.470	0	get 0.0000% / 4h	3h 28m	$148.9M	$356.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.062%Rate

Funding earned: −$21
Price spread: −0.062% → +0.009%: −$7.01
Slippage, 4 orders: −$15.04
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$65.05
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 15 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 KuCoin live order book, 9 min ago	0.51 bp	15.5 bp −$16	38.9 bp −$389	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.51 bp	5.5 bp −$6	6.8 bp −$68	13.6 bp −$1,362	51.3 bp −$25.7K

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0365%	1h	97.480	−0.051%	$100K	$264K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.218%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0072%	1h	97.560	+0.031%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.610	+0.082%	$237K	$410K	15x	as long as short
GRVT BZ_USDT_Perp	−0.0052%	4h	97.256	−0.281%	$13K	$340K	25x	as long as short
Hotstuff BRENTOIL-PERP	−0.0048%	1h	97.650	+0.123%	$34K	—	20x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.643	+0.116%	$2.4M	$1.8M	20x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.563	+0.033%	$82K	$198K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.535	+0.005%	$338K	$716K	50x	as long as short
Binance BZUSDTshort	0.0000%	4h	97.470	−0.062%	$148.9M	$356.4M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BZUSDT	0.0000%	8h	97.500	−0.031%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.470	−0.062%	$16.3M	$20.0M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.540	+0.010%	$9.2M	$10.5M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.550	+0.021%	$28.0M	$19.0M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.269	−0.268%	$9.4M	$6.1M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.690	+0.164%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.500	−0.031%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.500	−0.031%	$1.2M	$82K	100x	as long as short
Vest BZ-PERP	+0.0008%	1h	101.57	+4.142%	—	$735K	10x	as long as short
BloFin BZ-USDT	+0.0009%	4h	97.560	+0.031%	$1.6M	$101K	50x	as long as short
edgeX BZUSDC	+0.0009%	4h	97.242	−0.295%	$223K	$230K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.119	+0.604%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.460	−0.072%	$3.4M	$4.3M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.506	−0.025%	$754K	$2.7M	10x	as long as short
Paradex BZ-USD-PERP	+0.0046%	8h	97.656	+0.129%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.650	+0.123%	$155.3M	$116.9M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.650	+0.123%	$1.6M	$344K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0066%	1h	97.426	−0.107%	$7K	$39K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.530	long leg	$3.8M	$790K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.280	−0.256%	$25K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.535	+0.005%	$116K	—	111x	as long as short