Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.077%
Price spread now: KuCoin against SunX−0.125%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$770.773% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 3 days (all we have)+0.190%+$19 · spread now −0.125%, 7d avg +0.005%
=Funding pays, the price is against you. KuCoin is 0.129% cheaper against SunX than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.005%). If the spread goes back, that is −$13 on $10k: about 4.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BRENTOIL-USDT | 96.220 | 0 | get 0.0000% / 4h | 13m 13s | $4K | $2.7M | 20x |
| Short | KuCoin BZUSDTM | 96.100 | 0.0100 | get 0.0050% / 4h | 13m 13s | $3.8M | $988K | 50x |
SunX BRENTOIL-USDT
KuCoin BZUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.125% → +0.005%
- −$12.94
- Slippage, 4 orders
- −$57.27
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$69.21
- Costs to cover
- 0.773%
- Break-even
- 30.1 days
Slippage from SunX: live order book, 4 min ago; KuCoin: live order book, 4 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 SunX live order book, 4 min ago | 18.71 bp | 22.7 bp −$23 | 30.7 bp −$307 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 1.04 bp | 12.2 bp −$12 | 45.7 bp −$457 | doesn't fit | doesn't fit |
BZ on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BRENTOIL/USD [ETH-USDC] | L −0.0848% / S +0.0467% | 1h | 96.195 | −0.026% | $120K | — | 111x | as long as short |
| Injective BRENT/USDC PERP | −0.0220% | 1h | 95.484 | −0.765% | $8K | $7K | 30x | as long as short |
| Hotstuff BRENTOIL-PERP | −0.0072% | 1h | 96.240 | +0.021% | $33K | — | 20x | as long as short |
| Coinbase International BRENTOIL-PERP-INTX | −0.0040% | 1h | 96.070 | −0.156% | $232K | $534K | 15x | as long as short |
| RISEx BZ/USDC | −0.0020% | 1h | 96.189 | −0.033% | $2.2M | $1.3M | 20x | as long as short |
| Aster BZUSDT | 0.0000% | 4h | 96.206 | −0.015% | $334K | $1.2M | 50x | as long as short |
| Binance BZUSDT | 0.0000% | 4h | 96.200 | −0.021% | $145.8M | $452.6M | 100x | as long as short |
| Bybit BZUSDT | 0.0000% | 8h | 96.210 | −0.010% | $10.5M | $16.1M | 100x | as long as short |
| OKX BZ-USDT-SWAP | 0.0000% | 4h | 96.190 | −0.031% | $15.8M | $26.5M | 50x | as long as short |
| Gate BZ_USDT | 0.0000% | 8h | 96.150 | −0.073% | $9.2M | $16.4M | 100x | as long as short |
GMX BRENTOIL/USD [ETH-USDC]
Injective BRENT/USDC PERP
Hotstuff BRENTOIL-PERP
Coinbase International BRENTOIL-PERP-INTX
RISEx BZ/USDC
Aster BZUSDT
Binance BZUSDT
Bybit BZUSDT
OKX BZ-USDT-SWAP
Gate BZ_USDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BZUSDT | 0.0000% | 4h | 96.180 | −0.042% | $27.6M | $20.4M | 100x | as long as short |
| Variational Omni BZ | 0.0000% | 4h | 96.181 | −0.040% | $9.3M | $7.7M | — | as long as short |
| GRVT BZ_USDT_Perp | 0.0000% | 4h | 96.206 | −0.014% | $34K | $375K | 25x | as long as short |
| SunX BRENTOIL-USDTlong | 0.0000% | 4h | 96.220 | long leg | $4K | $2.7M | 20x | |
| Deribit BRENTOIL_USDC-PERPETUAL | 0.0000% | 1h | 96.230 | +0.010% | $103K | $275K | 15x | as long as short |
| HTX BRENTOIL-USDT | 0.0000% | 4h | 96.120 | −0.104% | $306K | $249K | 75x | as long as short |
| Phemex XBRUSDT | 0.0000% | 4h | 96.200 | −0.021% | $1.2M | $94K | 100x | as long as short |
| edgeX BZUSDC | +0.0012% | 4h | 96.186 | −0.035% | $220K | $234K | 20x | as long as short |
| Paradex BZ-USD-PERP | +0.0029% | 8h | 96.189 | −0.032% | $3K | $521 | 5x | as long as short |
| BloFin BZ-USDT | +0.0039% | 4h | 96.160 | −0.062% | $1.5M | $96K | 50x | as long as short |
| Vest BZ-PERP | +0.0046% | 1h | 99.880 | +3.804% | — | $735K | 10x | as long as short |
| tradeXYZ xyz:BRENTOIL | +0.0050% | 1h | 96.241 | +0.022% | $151.1M | $144.1M | 20x | as long as short |
| Polymarket Perps BRENTOIL-USD | +0.0050% | 1h | 96.262 | +0.044% | $1.5M | $525K | 20x | as long as short |
| Aftermath Perps BRENTUSD | +0.0083% | 1h | 96.270 | +0.052% | $6K | $44K | 5x | as long as short |
| KuCoin BZUSDTMshort | +0.0100% | 4h | 96.100 | −0.125% | $3.8M | $988K | 50x | |
| ApeX Omni BZUSDT | +0.0100% | 1h | 96.210 | −0.010% | $25K | $271K | 50x | as long as short |
| Kraken Futures PF_BRENTOILUSD | +0.0113% | 1h | 96.246 | +0.027% | $83K | $234K | 20x | as long as short |
| Lighter BRENTOIL | +0.0272% | 1h | 96.220 | 0.000% | $3.3M | $4.3M | 20x | as long as short |
| Ondo Perps BRENT-USD.P | +0.0405% | 1h | 96.160 | −0.062% | $3.1M | $1.1M | 15x | as long as short |
| Extended XBR-USD | +0.0560% | 1h | 96.132 | −0.091% | $675K | $5.2M | 10x | as long as short |
Bitget BZUSDT
Variational Omni BZ
GRVT BZ_USDT_Perp
Deribit BRENTOIL_USDC-PERPETUAL
HTX BRENTOIL-USDT
Phemex XBRUSDT
edgeX BZUSDC
Paradex BZ-USD-PERP
BloFin BZ-USDT
Vest BZ-PERP
tradeXYZ xyz:BRENTOIL
Polymarket Perps BRENTOIL-USD
Aftermath Perps BRENTUSD
ApeX Omni BZUSDT
Kraken Futures PF_BRENTOILUSD
Lighter BRENTOIL
Ondo Perps BRENT-USD.P
Extended XBR-USD