Funding you earn now, next payment 12:00 UTC−0.0560%/8h= −61.3% APRpaid last 24h −0.037%
Price spread now: KuCoin against Bitget−0.116%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.116%, 7d avg −0.016%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.100% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZHIPUUSDT | 94.950 | 0.0660 | pay 0.0660% / 8h | 5h 27m | $1.6M | $4.0M | 20x |
| Short | KuCoin ZHIPUUSDTM | 94.840 | 0.0100 | get 0.0050% / 4h | 1h 27m | $39K | $288K | 20x |
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$117.6
- Price spread: −0.116% → −0.016%
- −$9.96
- Slippage, 4 orders
- −$104.42
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$255.99
- Costs to cover
- 1.284%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 6 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 Bitget live order book, 3 min ago | 3.69 bp | 11.4 bp −$11 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 9.51 bp | 47.6 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
ZHIPU on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.910 | −0.042% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.940 | −0.011% | $2K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.900 | −0.053% | $16K | $346K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.770 | −0.190% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.820 | −0.137% | $34K | $3K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0072% | 8h | 94.803 | −0.155% | $54K | $33K | 20x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.817 | −0.140% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0100% | 4h | 94.840 | −0.116% | $39K | $288K | 20x | |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.810 | −0.147% | $824 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.796 | −0.163% | — | — | 10x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Aster ZHIPUUSDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERPShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0318% | 4h | 94.874 | −0.080% | $22.0M | $55.8M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.0394% | 4h | 94.771 | −0.188% | $20K | $151K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0473% | 8h | 94.870 | −0.084% | $355K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0481% | 1h | 94.812 | −0.145% | $26.6M | $6.8M | 10x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0660% | 8h | 94.950 | long leg | $1.6M | $4.0M | 20x | |
| Ondo Perps ZHIPU-USD.P | +0.0732% | 1h | 94.860 | −0.095% | $32K | $18K | 5x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1096% | 8h | 94.980 | +0.032% | $5.1M | $15.3M | 25x | as long as short |
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
OKX ZHIPU-USDT-SWAP