BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.013%

Price spread now: Phemex against KuCoin+0.245%7-day average +0.187% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.245%, 7d avg +0.187%

Together, before fees+0.285%+$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.058% dearer against KuCoin than usual: you sell high and buy low (spread +0.245% now, against its 7-day average of +0.187%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 47 hours. Mind the row above: over the last 7 days funding on this pair paid +0.256%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BZUSDTM	97.770	0.0100	pay 0.0050% / 4h	1h 24m	$3.8M	$808K	50x
Short	Phemex XBRUSDT	98.010	0	get 0.0000% / 4h	1h 24m	$1.2M	$86K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.245%Rate

Funding earned: −$21
Price spread: +0.245% → +0.187%: $5.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.16
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; Phemex: live order book, 3 min ago. Net counts fees only.

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 Phemex live order book, 3 min ago	17.38 bp	doesn't fit	doesn't fit	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	97.018	−0.769%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0088%	1h	97.810	+0.041%	$236K	$417K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.774	+0.005%	$340K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.773	+0.003%	$147.9M	$349.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.760	−0.010%	$10.4M	$13.1M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	97.760	−0.010%	$16.1M	$19.7M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	97.748	−0.022%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.730	−0.041%	$9.3M	$11.0M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.760	−0.010%	$27.9M	$17.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.748	−0.023%	$9.4M	$6.9M	—	as long as short

Show 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	+0.029%	$24K	$305K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.780	+0.010%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.770	0.000%	$100K	$252K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.690	−0.082%	$280K	$253K	75x	as long as short
Phemex XBRUSDTshort	0.0000%	4h	98.010	+0.245%	$1.2M	$86K	100x
edgeX BZUSDC	+0.0001%	4h	97.760	−0.010%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0004%	4h	97.780	+0.010%	$1.5M	$97K	50x	as long as short
Vest BZ-PERP	+0.0009%	1h	101.90	+4.224%	—	$735K	10x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.315	+0.557%	—	—	—	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.770	0.000%	$3.3M	$4.1M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.782	+0.013%	$682K	$3.3M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.790	+0.020%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.771	+0.001%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.784	+0.014%	$155.2M	$115.6M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.817	+0.048%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.710	−0.061%	$3.1M	$1.0M	15x	as long as short
Aftermath Perps BRENTUSD	+0.0087%	1h	97.776	+0.006%	$7K	$41K	5x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.770	long leg	$3.8M	$808K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.790	+0.020%	$26K	$273K	50x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0158%	1h	97.783	+0.013%	$82K	$206K	20x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0329% / S −0.2771%	1h	97.825	+0.056%	$116K	—	111x	as long as short