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: Bitget against KuCoin−0.062%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

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

costs, in and out, $10k−$350.347% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.062%, 7d avg +0.002%

Together, before fees−0.101%−$10 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 Bitget is 0.063% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.420	0.0100	pay 0.0050% / 4h	3h 27m	$3.8M	$853K	50x
Short	Bitget BZUSDT	97.360	0	get 0.0000% / 4h	3h 27m	$28.0M	$16.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$21
Price spread: −0.062% → +0.002%: −$6.35
Slippage, 4 orders: −$10.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.09
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bitget: live order book, 2 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, 5 min ago	0.51 bp	7.5 bp −$8	34.4 bp −$344	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.51 bp	8.0 bp −$8	10.2 bp −$102	29.2 bp −$2,920	85.2 bp −$42.6K

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	96.628	−0.813%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.154%	$233K	$439K	15x	as long as short
BloFin BZ-USDT	−0.0001%	4h	97.350	−0.072%	$1.5M	$91K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.360	−0.062%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.361	−0.060%	$147.3M	$367.1M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.350	−0.072%	$10.4M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.340	−0.082%	$16.1M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.344	−0.079%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.320	−0.103%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.360	−0.062%	$28.0M	$16.6M	100x

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.338	−0.084%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.368	−0.053%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.380	−0.041%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.360	−0.062%	$104K	$245K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.320	−0.103%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.450	+0.031%	$1.2M	$82K	100x	as long as short
edgeX BZUSDC	+0.0007%	4h	97.347	−0.075%	$223K	$226K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.903	+0.496%	—	—	—	as long as short
Vest BZ-PERP	+0.0027%	1h	101.41	+4.096%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.360	−0.062%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.367	−0.054%	$680K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.350	−0.071%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.372	−0.049%	$153.8M	$126.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.402	−0.018%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.310	−0.113%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.388	−0.033%	$82K	$208K	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.420	long leg	$3.8M	$853K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.360	−0.062%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0104%	1h	97.375	−0.046%	$7K	$43K	5x	as long as short
Hotstuff BRENTOIL-PERP	+0.0104%	1h	97.360	−0.062%	$34K	—	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0253% / S −0.1313%	1h	97.355	−0.067%	$115K	—	111x	as long as short