BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.51 per $10,000 · paid last 24h +0.033%

Price spread now: KuCoin against BloFin+0.051%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.051%, 7d avg +0.027%

Together, before fees+0.276%+$28 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 0.025% dearer against BloFin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BZ-USDT	97.400	−0.0002	get 0.0001% / 4h	3h 37m	$1.5M	$92K	50x
Short	KuCoin BZUSDTM	97.450	0.0100	get 0.0050% / 4h	3h 37m	$3.8M	$860K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: $21.46
Price spread: +0.051% → +0.027%: $2.46
Slippage, 4 orders: −$16.26
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.35
Costs to cover: 0.403%
Break-even: 12.3 days

Slippage from BloFin: live order book, 5 min ago; KuCoin: 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 BloFin live order book, 5 min ago	0.51 bp	8.5 bp −$9	10.0 bp −$100	16.1 bp −$1,606	doesn't fit
Sell KuCoin live order book, 5 min ago	1.03 bp	15.5 bp −$16	42.6 bp −$426	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	96.628	−0.793%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.270	−0.133%	$233K	$439K	15x	as long as short
BloFin BZ-USDTlong	−0.0002%	4h	97.400	long leg	$1.5M	$92K	50x
Aster BZUSDT	0.0000%	4h	97.384	−0.016%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.390	−0.010%	$147.4M	$367.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.380	−0.021%	$10.4M	$12.7M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	−0.031%	$16.0M	$20.4M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.365	−0.035%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.370	−0.031%	$9.2M	$12.1M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.390	−0.010%	$28.0M	$16.6M	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	97.458	+0.059%	$9.3M	$6.9M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.490	+0.092%	$29K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.410	+0.010%	$4K	$2.5M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.390	−0.010%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.350	−0.051%	$279K	$267K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.430	+0.031%	$1.2M	$84K	100x	as long as short
edgeX BZUSDC	+0.0003%	4h	97.478	+0.080%	$224K	$227K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.948	+0.562%	—	—	—	as long as short
Vest BZ-PERP	+0.0029%	1h	101.45	+4.158%	—	$735K	10x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.390	−0.010%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.411	+0.011%	$675K	$4.1M	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.382	−0.019%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.429	+0.030%	$153.8M	$126.0M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.425	+0.026%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.360	−0.041%	$3.1M	$1.0M	15x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0063%	1h	97.412	+0.012%	$82K	$208K	20x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.450	+0.051%	$3.8M	$860K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.440	+0.041%	$26K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0105%	1h	97.431	+0.032%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0242% / S −0.1092%	1h	97.395	−0.005%	$115K	—	111x	as long as short
Hotstuff BRENTOIL-PERP	+0.0264%	1h	97.420	+0.021%	$34K	—	20x	as long as short