BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.029%

Price spread now: Bitget against KuCoin+0.041%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

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

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 7 days−0.013%−$1 · spread now +0.041%, 7d avg 0.000%

Together, before fees−0.228%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of 0.000%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.360	0.0100	pay 0.0050% / 4h	3h 36m	$3.8M	$796K	50x
Short	Bitget BZUSDT	97.400	0	get 0.0000% / 4h	3h 36m	$28.1M	$18.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$21
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: −$9.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$50.1
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; Bitget: live order book, 2 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, 11 min ago	0.51 bp	10.3 bp −$10	34.5 bp −$345	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.51 bp	6.5 bp −$7	8.0 bp −$80	23.6 bp −$2,363	76.5 bp −$38.3K

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
Deribit BRENTOIL_USDC-PERPETUAL	−0.0263%	1h	97.360	0.000%	$100K	$261K	15x	as long as short
Injective BRENT/USDC PERP	−0.0220%	1h	96.342	−1.046%	$8K	$7K	30x	as long as short
Ondo Perps BRENT-USD.P	−0.0073%	1h	97.350	−0.010%	$3.1M	$1.0M	15x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0056%	1h	97.480	+0.123%	$237K	$402K	15x	as long as short
RISEx BZ/USDC	−0.0039%	1h	97.353	−0.007%	$2.4M	$1.8M	20x	as long as short
BloFin BZ-USDT	−0.0033%	4h	97.350	−0.010%	$1.5M	$100K	50x	as long as short
Bybit BZUSDT	−0.0018%	8h	97.390	+0.031%	$10.3M	$13.3M	100x	as long as short
Kraken Futures PF_BRENTOILUSD	−0.0002%	1h	97.369	+0.009%	$82K	$197K	20x	as long as short
Aster BZUSDT	0.0000%	4h	97.377	+0.017%	$338K	$761K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.382	+0.022%	$148.8M	$354.3M	100x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BZ-USDT-SWAP	0.0000%	4h	97.370	+0.010%	$16.2M	$19.9M	50x	as long as short
Gate BZ_USDT	0.0000%	8h	97.340	−0.021%	$9.2M	$10.4M	100x	as long as short
Bitget BZUSDTshort	0.0000%	4h	97.400	+0.041%	$28.1M	$18.8M	100x
Variational Omni BZ	0.0000%	4h	97.409	+0.050%	$9.4M	$6.1M	—	as long as short
GRVT BZ_USDT_Perp	0.0000%	4h	97.354	−0.006%	$13K	$331K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.370	+0.010%	$4K	$2.4M	20x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.400	+0.041%	$280K	$251K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.380	+0.021%	$1.2M	$83K	100x	as long as short
Hotstuff BRENTOIL-PERP	+0.0008%	1h	97.420	+0.062%	$34K	—	20x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.35	+4.098%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.927	+0.583%	—	—	—	as long as short
edgeX BZUSDC	+0.0020%	4h	97.354	−0.006%	$223K	$229K	20x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.350	−0.010%	$3.3M	$4.2M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.435	+0.077%	$753K	$2.8M	10x	as long as short
Paradex BZ-USD-PERP	+0.0048%	8h	97.347	−0.014%	$2K	$1K	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.410	+0.051%	$155.6M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.405	+0.046%	$1.6M	$345K	20x	as long as short
Aftermath Perps BRENTUSD	+0.0071%	1h	97.412	+0.053%	$7K	$39K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.360	long leg	$3.8M	$796K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.410	+0.051%	$26K	$273K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.355	−0.005%	$116K	—	111x	as long as short