Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.029%
Price spread now: OKX against KuCoin−0.010%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 7 days+0.054%+$5 · spread now −0.010%, 7d avg −0.012%
=The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BZUSDTM | 97.780 | 0.0100 | pay 0.0050% / 4h | 1h 24m | $3.8M | $808K | 50x |
| Short | OKX BZ-USDT-SWAP | 97.770 | 0 | get 0.0000% / 4h | 1h 24m | $16.1M | $19.7M | 50x |
KuCoin BZUSDTM
OKX BZ-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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: −0.010% → −0.012%
- $0.17
- Slippage, 4 orders
- −$13.28
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.12
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 4 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 KuCoin live order book, 3 min ago | 0.51 bp | 10.5 bp −$10 | 35.4 bp −$354 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.51 bp | 5.5 bp −$6 | 8.5 bp −$85 | 25.0 bp −$2,503 | 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 | 97.018 | −0.779% | $8K | $7K | 30x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0088% | 1h | 97.810 | +0.031% | $236K | $417K | 15x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 97.783 | +0.003% | $340K | $930K | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 97.780 | 0.000% | $147.9M | $349.3M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 97.750 | −0.031% | $10.4M | $13.1M | 100x | as long as short |
| OKX BZ-USDT-SWAPshort | 0.0000% | 4h | 97.770 | −0.010% | $16.1M | $19.7M | 50x | |
| RISEx BZ/USDC | 0.0000% | 1h | 97.748 | −0.032% | $2.4M | $1.7M | 20x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 97.730 | −0.051% | $9.3M | $11.0M | 100x | as long as short |
| Bitget BZUSDT | 0.0000% | 4h | 97.760 | −0.020% | $27.9M | $17.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 97.748 | −0.033% | $9.4M | $6.9M | — | as long as short |
Injective BRENT/USDC PERP
Coinbase International BRENTOIL-PERP-INTX
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
RISEx BZ/USDC
Gate BZ_USDT
Bitget BZUSDT
Variational Omni BZShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 97.798 | +0.019% | $24K | $305K | 25x | as long as short |
| SunX BRENTOIL-USDT | 0.0000% | 4h | 97.790 | +0.010% | $4K | $2.4M | 20x | as long as short |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 97.770 | −0.010% | $100K | $252K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 97.730 | −0.051% | $280K | $253K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 98.010 | +0.235% | $1.2M | $86K | 100x | as long as short |
| edgeX BZUSDC | +0.0001% | 4h | 97.760 | −0.021% | $225K | $227K | 20x | as long as short |
| BloFin BZ-USDT | +0.0004% | 4h | 97.780 | 0.000% | $1.5M | $97K | 50x | as long as short |
| Vest BZ-PERP | +0.0009% | 1h | 101.90 | +4.214% | — | $735K | 10x | as long as short |
| gTrade (Gains Network) BRENT/USD | L +0.0011% / S −0.0011% | 1h | 98.315 | +0.547% | — | — | — | as long as short |
| Lighter BRENTOIL | +0.0032% | 1h | 97.780 | 0.000% | $3.3M | $4.1M | 20x | as long as short |
| Extended XBR-USD | +0.0032% | 1h | 97.781 | +0.001% | $682K | $3.3M | 10x | as long as short |
| Hotstuff BRENTOIL-PERP | +0.0040% | 1h | 97.790 | +0.010% | $34K | — | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0050% | 8h | 97.771 | −0.009% | $3K | $336 | 5x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 97.789 | +0.009% | $155.2M | $115.6M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 97.808 | +0.029% | $1.6M | $463K | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0050% | 1h | 97.710 | −0.072% | $3.1M | $1.0M | 15x | as long as short |
| Aftermath Perps BRENTUSD | +0.0086% | 1h | 97.776 | −0.004% | $7K | $41K | 5x | as long as short |
| KuCoin BZUSDTMlong | +0.0100% | 4h | 97.780 | long leg | $3.8M | $808K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 97.790 | +0.010% | $26K | $273K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0158% | 1h | 97.793 | +0.013% | $82K | $206K | 20x | as long as short |
| GMX BRENTOIL/USD [ETH-USDC] | L +0.0329% / S −0.2771% | 1h | 97.765 | −0.015% | $116K | — | 111x | as long as short |
GRVT BZ_USDT_Perp
SunX BRENTOIL-USDT
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
BloFin BZ-USDT
Vest BZ-PERP
gTrade (Gains Network) BRENT/USD
Lighter BRENTOIL
Extended XBR-USD
Hotstuff BRENTOIL-PERP
Paradex BZ-USD-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Ondo Perps BRENT-USD.P
Aftermath Perps BRENTUSD
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
GMX BRENTOIL/USD [ETH-USDC]