Funding you earn now, next payment 00:00 UTC+0.0248%/8h= +27.2% APRnext payment +$1.24 per $10,000 · paid last 24h +0.027%
Price spread now: Bitget against KuCoin+0.251%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,350as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,328as in the Price arb table
costs, in and out, $10k−$1,35113.515% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.251%, 7d avg +0.017%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.235% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.24 per $10,000. 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 | KuCoin ZRXUSDTM | 0.1193 | −0.0148 | get 0.0074% / 4h | 1h 34m | $331K | $58K | 30x |
| Short | Bitget ZRXUSDT | 0.1196 | 0.0100 | get 0.0050% / 4h | 1h 34m | $582K | $127K | 50x |
KuCoin ZRXUSDTM
Bitget ZRXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against KuCoin. 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
- $52.08
- Price spread: +0.251% → +0.017%
- $23.5
- Slippage, 4 orders
- −$1,327.5
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,275.92
- Costs to cover
- 13.515%
- Break-even
- 178.5 days
Slippage from KuCoin: live order book, 36 min ago; Bitget: live order book, 45 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, 36 min ago | 16.76 bp | 670.6 bp −$671 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 45 min ago | 8.38 bp | 22.5 bp −$22 | 69.0 bp −$690 | 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 ZRXUSDTMlong | −0.0148% | 4h | 0.1193 | long leg | $331K | $58K | 30x | |
| Bybit ZRXUSDT | −0.0136% | 8h | 0.1195 | +0.126% | $1.4M | $342K | 25x | as long as short |
| Kraken Futures PF_ZRXUSD | +0.0034% | 1h | 0.1202 | +0.725% | $39K | $4K | 10x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1194 | +0.084% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1196 | +0.251% | $533K | $251K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1195 | +0.168% | $146K | $40K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1195 | +0.168% | $911K | $165K | 50x | as long as short |
| Bitget ZRXUSDTshort | +0.0100% | 4h | 0.1196 | +0.251% | $582K | $127K | 50x | |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1196 | +0.251% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1199 | +0.470% | $23K | $41K | — | as long as short |
Bybit ZRXUSDT
Kraken Futures PF_ZRXUSD
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
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 | +0.251% | $95K | $19K | 50x | as long as short |
BloFin ZRX-USDT