Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.060%
Price spread now: KuCoin against OKX−0.094%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days+0.183%+$18 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.094%, 7d avg +0.011%
=Funding pays, the price is against you. KuCoin is 0.105% cheaper against OKX than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.011%). If the spread goes back, that is −$10 on $10k: about 3.5 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BZ-USDT-SWAP | 96.200 | 0 | get 0.0000% / 4h | 15m 54s | $15.8M | $26.5M | 50x |
| Short | KuCoin BZUSDTM | 96.110 | 0.0100 | get 0.0050% / 4h | 15m 54s | $3.8M | $988K | 50x |
OKX BZ-USDT-SWAP
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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: −0.094% → +0.011%
- −$10.46
- Slippage, 4 orders
- −$18.06
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$29.51
- Costs to cover
- 0.401%
- Break-even
- 16.8 days
Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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 OKX live order book, 3 min ago | 0.52 bp | 5.9 bp −$6 | 11.0 bp −$110 | 24.7 bp −$2,466 | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.04 bp | 12.4 bp −$12 | 43.5 bp −$435 | 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 | 96.195 | −0.005% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.484 | −0.744% | $8K | $7K | 30x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0104% | 1h | 96.250 | +0.052% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.070 | −0.135% | $232K | $551K | 15x | as long as short |
| BloFin BZ-USDT | −0.0037% | 4h | 96.190 | −0.010% | $1.5M | $96K | 50x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.190 | −0.010% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.210 | +0.010% | $334K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.200 | 0.000% | $145.8M | $453.1M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.220 | +0.021% | $10.5M | $16.1M | 100x | as long as short |
| OKX BZ-USDT-SWAPlong | 0.0000% | 4h | 96.200 | long leg | $15.8M | $26.5M | 50x |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
BloFin BZ-USDT
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BZ_USDT | 0.0000% | 8h | 96.160 | −0.042% | $9.2M | $16.4M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 96.210 | +0.010% | $27.6M | $20.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.181 | −0.020% | $9.3M | $7.7M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.210 | +0.010% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 96.210 | +0.010% | $4K | $2.7M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.230 | +0.031% | $103K | $275K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.140 | −0.062% | $306K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.190 | −0.010% | $1.2M | $93K | 100x | as long as short |
| edgeX BZUSDC | +0.0002% | 4h | 96.190 | −0.010% | $220K | $233K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0028% | 8h | 96.176 | −0.025% | $3K | $521 | 5x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.880 | +3.825% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.249 | +0.051% | $151.1M | $144.0M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.269 | +0.072% | $1.5M | $527K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0079% | 1h | 96.270 | +0.073% | $6K | $44K | 5x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 96.110 | −0.094% | $3.8M | $988K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.210 | +0.010% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.244 | +0.046% | $83K | $234K | 20x | as long as short |
| Lighter BRENTOIL | +0.0288% | 1h | 96.220 | +0.021% | $3.3M | $4.3M | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0402% | 1h | 96.180 | −0.021% | $3.1M | $1.1M | 15x | as long as short |
| Extended XBR-USD | +0.0576% | 1h | 96.125 | −0.078% | $675K | $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
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Lighter BRENTOIL
Ondo Perps BRENT-USD.P
Extended XBR-USD