Funding you earn now, next payment 08:00 UTC−0.0253%/8h= −27.7% APRnext payment −$1.27 per $10,000 · paid last 24h −0.098%
Price spread now: KuCoin against Binance−0.121%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1411.412% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.635%+$63 · spread now −0.121%, 7d avg +0.079%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and KuCoin is 0.199% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.27 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 | Binance ZHIPUUSDT | 95.185 | 0.0707 | pay 0.0354% / 4h | 2h 25m | $22.7M | $67.9M | 25x |
| Short | KuCoin ZHIPUUSDTM | 95.070 | 0.0454 | get 0.0227% / 4h | 2h 25m | $38K | $120K | 20x |
Binance ZHIPUUSDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$53.22
- Price spread: −0.121% → +0.079%
- −$19.91
- Slippage, 4 orders
- −$119.21
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$214.34
- Costs to cover
- 1.412%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 24 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 Binance live order book, 2 min ago | 2.11 bp | 11.8 bp −$12 | 45.5 bp −$455 | 139.4 bp −$13.9K | doesn't fit |
| Sell KuCoin live order book, 24 min ago | 13.25 bp | 53.4 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
ZHIPU on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 95.130 | −0.057% | $2K | $848K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0035% | 8h | 95.190 | +0.006% | $2.9M | $12.2M | 50x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.990 | −0.205% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.697 | −0.513% | $35K | $8K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.040 | −0.152% | $826 | $1K | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0176% | 1h | 95.022 | −0.171% | — | — | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0254% | 4h | 95.050 | −0.142% | $22K | $350K | 20x | as long as short |
| Lighter ZHIPU | +0.0432% | 1h | 95.110 | −0.078% | $100K | $20K | 10x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0454% | 4h | 95.070 | −0.121% | $38K | $120K | 20x | |
| Aster ZHIPUUSDT | +0.0563% | 8h | 95.160 | −0.026% | $52K | $57K | 20x | as long as short |
SunX ZHIPU-USDT
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
HTX ZHIPU-USDT
Lighter ZHIPU
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0614% | 1h | 95.020 | −0.173% | $33K | $25K | 5x | as long as short |
| Binance ZHIPUUSDTlong | +0.0707% | 4h | 95.185 | long leg | $22.7M | $67.9M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.0994% | 1h | 95.028 | −0.165% | $26.8M | $8.0M | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.1026% | 4h | 94.834 | −0.369% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1209% | 8h | 95.210 | +0.027% | $346K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1304% | 8h | 95.170 | −0.015% | $1.7M | $4.3M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1710% | 8h | 95.280 | +0.100% | $5.5M | $18.2M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP