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 +0.029%

Price spread now: KuCoin against OKX+0.041%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.041%, 7d avg +0.012%

Together, before fees+0.118%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.029% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BZ-USDT-SWAP	97.590	0	get 0.0000% / 4h	2h 07m	$16.1M	$20.5M	50x
Short	KuCoin BZUSDTM	97.630	0.0100	get 0.0050% / 4h	2h 07m	$3.8M	$832K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → +0.012%: $2.93
Slippage, 4 orders: −$15.54
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$13.61
Costs to cover: 0.375%
Break-even: 11.5 days

Slippage from OKX: live order book, 1 min ago; KuCoin: live order book, 5 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 OKX live order book, 1 min ago	0.51 bp	5.9 bp −$6	9.8 bp −$98	25.9 bp −$2,585	doesn't fit
Sell KuCoin live order book, 5 min ago	0.51 bp	15.4 bp −$15	41.3 bp −$413	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	96.939	−0.667%	$8K	$7K	30x	as long as short
Coinbase International BRENTOIL-PERP-INTX	−0.0096%	1h	97.530	−0.061%	$235K	$426K	15x	as long as short
Aster BZUSDT	0.0000%	4h	97.577	−0.013%	$339K	$930K	50x	as long as short
Binance BZUSDT	0.0000%	4h	97.559	−0.032%	$147.5M	$358.6M	100x	as long as short
Bybit BZUSDT	0.0000%	8h	97.590	0.000%	$10.3M	$12.6M	100x	as long as short
OKX BZ-USDT-SWAPlong	0.0000%	4h	97.590	long leg	$16.1M	$20.5M	50x
RISEx BZ/USDC	0.0000%	1h	97.568	−0.023%	$2.4M	$1.7M	20x	as long as short
Gate BZ_USDT	0.0000%	8h	97.570	−0.020%	$9.3M	$11.7M	100x	as long as short
Bitget BZUSDT	0.0000%	4h	97.590	0.000%	$27.7M	$17.3M	100x	as long as short
Variational Omni BZ	0.0000%	4h	97.668	+0.080%	$9.4M	$7.0M	—	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	97.687	+0.100%	$34K	$307K	25x	as long as short
SunX BRENTOIL-USDT	0.0000%	4h	97.650	+0.061%	$4K	$2.4M	20x	as long as short
Deribit BRENTOIL_USDC-PERPETUAL	0.0000%	1h	97.620	+0.031%	$100K	$249K	15x	as long as short
HTX BRENTOIL-USDT	0.0000%	4h	97.630	+0.041%	$280K	$253K	75x	as long as short
Phemex XBRUSDT	0.0000%	4h	97.610	+0.020%	$1.2M	$80K	100x	as long as short
Kraken Futures PF_BRENTOILUSD	+0.0009%	1h	97.630	+0.041%	$82K	$208K	20x	as long as short
gTrade (Gains Network) BRENT/USD	L +0.0011% / S −0.0011%	1h	98.169	+0.593%	—	—	—	as long as short
Vest BZ-PERP	+0.0015%	1h	101.65	+4.160%	—	$735K	10x	as long as short
edgeX BZUSDC	+0.0018%	4h	97.666	+0.078%	$225K	$227K	20x	as long as short
BloFin BZ-USDT	+0.0028%	4h	97.620	+0.031%	$1.5M	$95K	50x	as long as short
Lighter BRENTOIL	+0.0032%	1h	97.540	−0.051%	$3.2M	$4.7M	20x	as long as short
Extended XBR-USD	+0.0032%	1h	97.595	+0.005%	$681K	$3.6M	10x	as long as short
Hotstuff BRENTOIL-PERP	+0.0040%	1h	97.630	+0.041%	$34K	—	20x	as long as short
Paradex BZ-USD-PERP	+0.0050%	8h	97.592	+0.002%	$3K	$336	5x	as long as short
tradeXYZ xyz:BRENTOIL	+0.0050%	1h	97.577	−0.013%	$154.3M	$122.8M	20x	as long as short
Polymarket Perps BRENTOIL-USD	+0.0050%	1h	97.641	+0.052%	$1.6M	$463K	20x	as long as short
Ondo Perps BRENT-USD.P	+0.0050%	1h	97.520	−0.072%	$3.1M	$998K	15x	as long as short
Aftermath Perps BRENTUSD	+0.0072%	1h	97.632	+0.043%	$7K	$42K	5x	as long as short
KuCoin BZUSDTMshort	+0.0100%	4h	97.630	+0.041%	$3.8M	$832K	50x
ApeX Omni BZUSDT	+0.0100%	1h	97.690	+0.102%	$26K	$274K	50x	as long as short
GMX BRENTOIL/USD [ETH-USDC]	L +0.0328% / S −0.2771%	1h	97.625	+0.036%	$116K	—	111x	as long as short