BZ

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.029%

Price spread now: SunX against KuCoin−0.010%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now −0.010%, 7d avg −0.001%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, 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	97.000	0.0100	pay 0.0050% / 4h	1h 25m	$3.8M	$871K	50x
Short	SunX BRENTOIL-USDT	96.990	0	get 0.0000% / 4h	1h 25m	$4K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21
Price spread: −0.010% → −0.001%: −$0.89
Slippage, 4 orders: −$52.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$94.5
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; SunX: live order book, 1 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, 12 min ago	0.52 bp	7.5 bp −$8	37.4 bp −$374	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	18.55 bp	26.4 bp −$26	35.1 bp −$351	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	96.164	−0.862%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0104%	1h	96.900	−0.103%	$233K	$431K	15x	as long as short
Aster BZUSDT	0.0000%	4h	96.975	−0.026%	$337K	$984K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.000	0.000%	$146.8M	$373.8M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	96.990	−0.010%	$10.3M	$13.3M	100x	as long as short
OKX BZ-USDT-SWAP	0.0000%	4h	96.980	−0.021%	$16.0M	$20.5M	50x	as long as short
RISEx BZ/USDC	0.0000%	1h	96.962	−0.040%	$2.3M	$1.3M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	96.950	−0.052%	$9.2M	$12.3M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	96.990	−0.010%	$27.4M	$16.4M	100x	as long as short
Variational Omni BZ	0.0000%	4h	96.955	−0.046%	$9.3M	$7.1M	—	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	96.909	−0.094%	$37K	$343K	25x	as long as short
SunX BRENTOIL-USDTshort	0.0000%	4h	96.990	−0.010%	$4K	$2.5M	20x
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	96.970	−0.031%	$104K	$243K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	96.920	−0.082%	$278K	$268K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	96.970	−0.031%	$1.2M	$85K	100x	as long as short
edgeX BZUSDC	+0.0004%	4h	96.894	−0.109%	$222K	$229K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	97.513	+0.529%	—	—	—	as long as short
BloFin BZ-USDT	+0.0021%	4h	97.030	+0.031%	$1.5M	$86K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	96.980	−0.021%	$3.3M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	96.995	−0.005%	$676K	$4.8M	10x	as long as short
Vest BZ-PERP	+0.0043%	1h	101.03	+4.155%	—	$735K	10x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	96.990	−0.011%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	96.998	−0.002%	$151.9M	$125.5M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.023	+0.024%	$1.5M	$444K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	96.900	−0.103%	$3.1M	$1.1M	15x	as long as short
Hotstuff BRENTOIL-PERP	+0.0064%	1h	97.020	+0.021%	$33K	—	20x	as long as short
KuCoin BZUSDTMlong	+0.0100%	4h	97.000	long leg	$3.8M	$871K	50x
ApeX Omni BZUSDT	+0.0100%	1h	96.900	−0.103%	$25K	$274K	50x	as long as short
Aftermath Perps BRENTUSD	+0.0164%	1h	96.951	−0.050%	$7K	$43K	5x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0183% / S +0.0041%	1h	96.975	−0.026%	$126K	—	111x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0298%	1h	96.992	−0.009%	$84K	$218K	20x	as long as short