BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.031%

Price spread now: KuCoin against Binance+0.041%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.041%, 7d avg −0.010%

Together, before fees+0.078%+$8 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 0.051% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BZUSDT	97.040	0	get 0.0000% / 4h	11m 52s	$147.0M	$369.8M	100x
Short	KuCoin BZUSDTM	97.080	0.0100	get 0.0050% / 4h	11m 52s	$3.8M	$871K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → −0.010%: $5.12
Slippage, 4 orders: −$11.19
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.07
Costs to cover: 0.332%
Break-even: 9.4 days

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 6 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 Binance live order book, 2 min ago	0.51 bp	5.5 bp −$6	6.2 bp −$62	11.8 bp −$1,178	52.4 bp −$26.2K
Sell KuCoin live order book, 6 min ago	0.51 bp	10.6 bp −$11	34.6 bp −$346	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	96.433	−0.626%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.240	+0.206%	$234K	$436K	15x	as long as short
BloFin BZ-USDT	−0.0029%	4h	97.030	−0.010%	$1.5M	$92K	50x	as long as short
Aster BZUSDT	0.0000%	4h	97.078	+0.039%	$338K	$954K	50x	as long as short
Binance BZUSDTlong	0.0000%	4h	97.040	long leg	$147.0M	$369.8M	100x
Bybit BZUSDT	0.0000%	8h	97.030	−0.010%	$10.4M	$12.9M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.030	−0.010%	$16.0M	$20.3M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.034	−0.006%	$2.2M	$1.4M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.000	−0.041%	$9.2M	$12.2M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.030	−0.010%	$27.7M	$16.5M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BZ	0.0000%	4h	97.168	+0.132%	$9.4M	$6.8M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.140	+0.103%	$29K	$346K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.070	+0.031%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.040	0.000%	$104K	$234K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.010	−0.031%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.280	+0.247%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0005%	4h	97.138	+0.101%	$223K	$228K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.591	+0.567%	—	—	—	as long as short
Hotstuff BRENTOIL-PERP	+0.0016%	1h	97.080	+0.041%	$33K	—	20x	as long as short
Vest BZ-PERP	+0.0031%	1h	101.08	+4.163%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.040	0.000%	$3.2M	$4.8M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.040	0.000%	$680K	$4.3M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.041	+0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.068	+0.029%	$153.1M	$127.1M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.075	+0.036%	$1.6M	$491K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.980	−0.062%	$3.1M	$1.1M	15x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.080	+0.041%	$3.8M	$871K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.170	+0.134%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0127%	1h	97.136	+0.099%	$7K	$43K	5x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0143%	1h	97.037	−0.003%	$84K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0212% / S −0.0144%	1h	97.035	−0.005%	$126K	—	111x	as long as short