Funding you earn now, next payment 00:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.068%
Price spread now: KuCoin against Lighter+0.010%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$290.293% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 7 days−0.028%−$3 · spread now +0.010%, 7d avg +0.006%
=Together, before fees+0.025%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BRENTOIL | 96.040 | 0.0032 | pay 0.0004% / 1h | 44m 23s | $3.3M | $4.3M | 20x |
| Short | KuCoin BZUSDTM | 96.050 | 0.0100 | get 0.0050% / 4h | 44m 23s | $3.8M | $990K | 50x |
Lighter BRENTOIL
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Lighter. 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
- $14.28
- Price spread: +0.010% → +0.006%
- $0.41
- Slippage, 4 orders
- −$17.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$14.61
- Costs to cover
- 0.293%
- Break-even
- 14.2 days
Slippage from Lighter: live order book, 3 min ago; KuCoin: live order book, 3 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 Lighter live order book, 3 min ago | 0.52 bp | 0.5 bp −$1 | 0.7 bp −$7 | 7.7 bp −$774 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.52 bp | 14.9 bp −$15 | 49.4 bp −$494 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | L −0.0848% / S +0.0467% | 1h | 96.065 | +0.026% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.369 | −0.699% | $8K | $7K | 30x | as long as short |
| tradeXYZ xyz:BRENTOIL | −0.0165% | 1h | 96.110 | +0.073% | $147.8M | $143.8M | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.060 | +0.021% | $232K | $577K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.053 | +0.014% | $2.2M | $1.3M | 20x | as long as short |
| Binance BZUSDT | −0.0006% | 4h | 96.069 | +0.031% | $145.8M | $469.4M | 100x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.120 | +0.083% | $334K | $1.4M | 50x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.060 | +0.021% | $10.4M | $16.0M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.050 | +0.010% | $15.9M | $26.8M | 50x | as long as short |
| Hotstuff BRENTOIL-PERP | 0.0000% | 1h | 96.100 | +0.062% | $33K | — | 20x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
tradeXYZ xyz:BRENTOIL
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Binance BZUSDT
Aster BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Hotstuff BRENTOIL-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 96.020 | −0.021% | $9.2M | $16.3M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.060 | +0.021% | $27.4M | $21.1M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 95.963 | −0.080% | $9.3M | $7.9M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 95.970 | −0.073% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.040 | 0.000% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.080 | +0.042% | $103K | $279K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 95.940 | −0.104% | $305K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.050 | +0.010% | $1.2M | $96K | 100x | as long as short |
| edgeX BZUSDC | +0.0002% | 4h | 95.954 | −0.089% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0009% | 8h | 96.062 | +0.023% | $3K | $521 | 5x | as long as short |
| BloFin BZ-USDT | +0.0010% | 4h | 96.040 | 0.000% | $1.5M | $95K | 50x | as long as short |
| Aftermath Perps BRENTUSD | +0.0030% | 1h | 96.064 | +0.025% | $6K | $45K | 5x | as long as short |
| Lighter BRENTOILlong | +0.0032% | 1h | 96.040 | long leg | $3.3M | $4.3M | 20x | |
| Vest BZ-PERP | +0.0046% | 1h | 100.16 | +4.290% | — | $735K | 10x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.126 | +0.090% | $1.5M | $529K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 95.980 | −0.062% | $3.0M | $1.1M | 15x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 96.050 | +0.010% | $3.8M | $990K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 95.960 | −0.083% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.075 | +0.036% | $81K | $235K | 20x | as long as short |
| Extended XBR-USD | +0.0152% | 1h | 96.006 | −0.035% | $671K | $5.2M | 10x | as long as short |
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Paradex BZ-USD-PERP
BloFin BZ-USDT
Aftermath Perps BRENTUSD
Vest BZ-PERP
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Extended XBR-USD