Settings8H · net · $10k
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Funding arb · Price arb /

BZ

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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.033%
Price spread now: Kraken Futures against Coinbase International0.000%7-day average +0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$450.453% of the position
Long on Coinbase InternationalShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.642%−$64 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now 0.000%, 7d avg +0.121%
Together, before fees−0.705%−$70 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.122% cheaper against Coinbase International than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.121%). If the spread goes back, that is −$12 on $10k: about 2.4 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.642%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International BRENTOIL-PERP-INTX97.480−0.0056get 0.0007% / 1h7m 33s$237K$402K15x
ShortKraken Futures PF_BRENTOILUSD97.4800.0113get 0.0014% / 1h7m 33s$82K$200K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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

Funding earned
$35.45
Price spread: 0.000% → +0.121%
−$12.17
Slippage, 4 orders
−$25.35
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$22.07
Costs to cover
0.453%
Break-even
11.4 days
Slippage from Coinbase International: live order book, 31 min ago; Kraken Futures: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 31 min ago2.06 bp7.2 bp −$710.1 bp −$101doesn't fitdoesn't fit
Sell Kraken Futures live order book, 30 min ago5.44 bp19.4 bp −$1936.1 bp −$361doesn't fitdoesn't fit

BZ on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit BRENTOIL_USDC-PERPETUAL−0.0263%1h97.460−0.021%$100K$256K15xas long as short
Injective BRENT/USDC PERP−0.0220%1h96.342−1.167%$8K$7K30xas long as short
Coinbase International BRENTOIL-PERP-INTXlong−0.0056%1h97.480long leg$237K$402K15x
Ondo Perps BRENT-USD.P−0.0014%1h97.390−0.092%$3.1M$1.0M15xas long as short
Aster BZUSDT0.0000%4h97.470−0.010%$339K$860K50xas long as short
Binance BZUSDT0.0000%4h97.440−0.041%$148.4M$350.9M100xas long as short
Bybit BZUSDT0.0000%8h97.460−0.021%$10.3M$13.3M100xas long as short
OKX BZ-USDT-SWAP0.0000%4h97.420−0.062%$16.1M$19.6M50xas long as short
RISEx BZ/USDC0.0000%1h97.411−0.071%$2.4M$1.7M20xas long as short
Gate BZ_USDT0.0000%8h97.400−0.082%$9.2M$11.2M100xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BZUSDT0.0000%4h97.430−0.051%$27.9M$18.5M100xas long as short
Variational Omni BZ0.0000%4h97.183−0.305%$9.4M$6.1M—as long as short
GRVT BZ_USDT_Perp0.0000%4h97.187−0.300%$14K$332K25xas long as short
SunX BRENTOIL-USDT0.0000%4h97.430−0.051%$4K$2.4M20xas long as short
HTX BRENTOIL-USDT0.0000%4h97.430−0.051%$280K$254K75xas long as short
Phemex XBRUSDT0.0000%4h97.450−0.031%$1.2M$86K100xas long as short
Vest BZ-PERP+0.0010%1h101.49+4.114%—$735K10xas long as short
gTrade (Gains Network) BRENT/USDL +0.0011% / S −0.0011%1h98.043+0.578%———as long as short
edgeX BZUSDC+0.0020%4h97.166−0.322%$223K$228K20xas long as short
BloFin BZ-USDT+0.0022%4h97.410−0.072%$1.5M$99K50xas long as short
Lighter BRENTOIL+0.0032%1h97.450−0.031%$3.3M$4.0M20xas long as short
Extended XBR-USD+0.0032%1h97.456−0.025%$737K$2.9M10xas long as short
Paradex BZ-USD-PERP+0.0050%8h97.456−0.025%$2K$1K5xas long as short
tradeXYZ xyz:BRENTOIL+0.0050%1h97.470−0.010%$155.8M$115.0M20xas long as short
Polymarket Perps BRENTOIL-USD+0.0050%1h97.4800.000%$1.6M$395K20xas long as short
Aftermath Perps BRENTUSD+0.0080%1h97.286−0.199%$7K$40K5xas long as short
KuCoin BZUSDTM+0.0100%4h97.420−0.062%$3.8M$801K50xas long as short
ApeX Omni BZUSDT+0.0100%1h97.230−0.256%$25K$273K50xas long as short
Kraken Futures PF_BRENTOILUSDshort+0.0113%1h97.4800.000%$82K$200K20x
Hotstuff BRENTOIL-PERP+0.0176%1h97.4800.000%$34K—20xas long as short
GMX BRENTOIL/USD [ETH-USDC]L +0.0329% / S −0.2771%1h97.455−0.026%$116K—111xas long as short