Funding you earn now, next payment 00:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.027%
Price spread now: KuCoin against Gate−0.293%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,730as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,757as in the Price arb table
costs, in and out, $10k−$1,72917.295% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.293%, 7d avg −0.022%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.271% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRX_USDT | 0.1195 | 0.0100 | pay 0.0100% / 8h | 1h 33m | $146K | $40K | 75x |
| Short | KuCoin ZRXUSDTM | 0.1191 | −0.0166 | pay 0.0083% / 4h | 1h 33m | $326K | $58K | 30x |
Gate ZRX_USDT
KuCoin ZRXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$55.86
- Price spread: −0.293% → −0.022%
- −$27.14
- Slippage, 4 orders
- −$1,702.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,812.45
- Costs to cover
- 17.295%
- Break-even
- never at this rate
Slippage from Gate: live order book, 42 min ago; KuCoin: live order book, 38 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 Gate live order book, 42 min ago | 6.70 bp | 166.3 bp −$166 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 38 min ago | 16.76 bp | 631.6 bp −$632 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | −0.0166% | 4h | 0.1191 | −0.293% | $326K | $58K | 30x | |
| Bybit ZRXUSDT | −0.0133% | 8h | 0.1196 | +0.084% | $1.4M | $343K | 25x | as long as short |
| Kraken Futures PF_ZRXUSD | +0.0034% | 1h | 0.1201 | +0.563% | $39K | $4K | 10x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1195 | +0.084% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1196 | +0.109% | $533K | $251K | 20x | as long as short |
| Gate ZRX_USDTlong | +0.0100% | 8h | 0.1195 | long leg | $146K | $40K | 75x | |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1195 | +0.042% | $911K | $165K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1195 | +0.042% | $582K | $127K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1194 | −0.042% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1199 | +0.344% | $23K | $41K | — | as long as short |
Bybit ZRXUSDT
Kraken Futures PF_ZRXUSD
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin ZRX-USDT | +0.0126% | 4h | 0.1196 | +0.126% | $95K | $19K | 50x | as long as short |
BloFin ZRX-USDT