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 +0.013%

Price spread now: KuCoin against Phemex+0.082%50s7-day average −0.190% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.353%−$35 · spread now +0.082%, 7d avg −0.190%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.272% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.190%. Mind the row above: over the last 7 days funding on this pair cost −0.256%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex XBRUSDT	97.530	0	get 0.0000% / 4h	2h 04m	$1.2M	$80K	100x
Short	KuCoin BZUSDTM	97.610	0.0100	get 0.0050% / 4h	2h 04m	$3.8M	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now +0.082%Rate

Funding earned: $21
Price spread: +0.082% → −0.190%: $27.21
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $24.21
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: live order book, 3 min ago; KuCoin: live order book, 3 min ago. Net counts fees only.

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 Phemex live order book, 3 min ago	2.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.51 bp	12.8 bp −$13	40.6 bp −$406	doesn't fit	doesn't fit

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	96.939	−0.606%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	0.000%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.596	+0.068%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.592	+0.063%	$147.5M	$357.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.580	+0.051%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.590	+0.062%	$16.1M	$20.0M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.563	+0.034%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.550	+0.021%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	+0.062%	$27.7M	$17.2M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.538	+0.008%	$9.4M	$6.9M	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BZ_USDT_Perp	0.0000%	4h	97.560	+0.030%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.560	+0.031%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.550	+0.021%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	+0.103%	$280K	$253K	75x	as long as short
Phemex XBRUSDTlong	0.0000%	4h	97.530	long leg	$1.2M	$80K	100x
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.554	+0.024%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.140	+0.626%	—	—	—	as long as short
Vest BZ-PERP	+0.0014%	1h	101.65	+4.224%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0017%	4h	97.556	+0.027%	$225K	$228K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.590	+0.062%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.601	+0.073%	$681K	$3.5M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0032%	1h	97.590	+0.062%	$34K	—	20x	as long as short
BloFin BZ-USDT	+0.0045%	4h	97.560	+0.031%	$1.5M	$95K	50x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.589	+0.061%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.612	+0.084%	$154.4M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.623	+0.095%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.010%	$3.1M	$995K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0076%	1h	97.592	+0.063%	$7K	$41K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.610	+0.082%	$3.8M	$832K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.560	+0.031%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.585	+0.056%	$116K	—	111x	as long as short