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 −0.029%

Price spread now: OKX against KuCoin+0.011%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.011%, 7d avg −0.012%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.023% dearer against KuCoin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	93.880	0.0100	pay 0.0050% / 4h	1h 46m	$3.5M	$1.2M	50x
Short	OKX BZ-USDT-SWAP	93.890	0	get 0.0000% / 4h	1h 46m	$15.7M	$28.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$21
Price spread: +0.011% → −0.012%: $2.28
Slippage, 4 orders: −$14.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.37
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago	0.53 bp	12.5 bp −$12	39.6 bp −$396	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.53 bp	6.5 bp −$7	9.3 bp −$93	26.8 bp −$2,683	doesn't fit

BZ on 31 exchanges

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
Hotstuff BRENTOIL-PERP	−0.1600%	1h	94.290	+0.437%	$32K	—	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	−0.0602%	1h	93.770	−0.117%	$39K	$379K	15x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0343%	1h	93.798	−0.087%	$96K	$266K	20x	as long as short
RISEx BZ/USDC	−0.0302%	1h	93.854	−0.028%	$2.2M	$2.1M	20x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	94.836	+1.018%	$8K	$7K	30x	as long as short
Bybit BZUSDT	−0.0087%	8h	93.900	+0.021%	$10.7M	$16.9M	100x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0080%	1h	93.840	−0.043%	$245K	$1.0M	15x	as long as short
GRVT BZ_USDT_Perp	−0.0076%	4h	93.947	+0.072%	$13K	$299K	25x	as long as short
Binance BZUSDT	−0.0036%	4h	93.930	+0.053%	$144.9M	$470.2M	100x	as long as short
edgeX BZUSDC	−0.0023%	4h	93.931	+0.054%	$216K	$231K	20x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BZUSDT	0.0000%	4h	93.889	+0.009%	$322K	$819K	50x	as long as short
OKX BZ-USDT-SWAPshort	0.0000%	4h	93.890	+0.011%	$15.7M	$28.5M	50x
Gate BZ_USDT	0.0000%	8h	93.870	−0.011%	$8.8M	$12.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	93.940	+0.064%	$27.6M	$30.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	93.891	+0.012%	$9.0M	$6.6M	—	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	93.940	+0.064%	$4K	$1.7M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	93.910	+0.032%	$267K	$265K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	94.200	+0.341%	$1.2M	$80K	100x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	94.280	+0.426%	—	—	—	as long as short
Vest BZ-PERP	+0.0018%	1h	97.520	+3.877%	—	$736K	10x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0022%	1h	93.910	+0.032%	$129.0M	$184.0M	20x	as long as short
Paradex BZ-USD-PERP	+0.0027%	8h	93.885	+0.005%	$1K	$2K	5x	as long as short
Aftermath Perps BRENTUSD	+0.0029%	1h	94.047	+0.178%	$7K	$38K	5x	as long as short
BloFin BZ-USDT	+0.0032%	4h	93.850	−0.032%	$1.5M	$110K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	93.890	+0.011%	$3.4M	$5.6M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	93.940	+0.064%	$760K	$3.8M	10x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	93.864	−0.017%	$1.5M	$487K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	93.880	0.000%	$3.0M	$1.2M	15x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	93.880	long leg	$3.5M	$1.2M	50x
ApeX Omni BZUSDT	+0.0100%	1h	93.860	−0.021%	$25K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0184% / S −0.0707%	1h	93.815	−0.069%	$32K	—	111x	as long as short