Funding you earn now, next payment 04:00 UTC+0.0905%/8h= +99.1% APRnext payment +$4.52 per $10,000 · paid last 24h +0.088%
Price spread now: Binance against KuCoin−0.211%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1101.102% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 2 days (all we have)+0.198%+$20 · spread now −0.211%, 7d avg −0.030%
=Funding pays, the price is against you. Binance is 0.181% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.211% now, against its 7-day average of −0.030%). If the spread goes back, that is −$18 on $10k: about 16 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.058% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.52 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 ZHIPUUSDTM | 106.22 | 0.0496 | pay 0.0248% / 4h | 2h 38m | $43K | $128K | 20x |
| Short | Binance ZHIPUUSDT | 106.00 | 0.1401 | get 0.0700% / 4h | 2h 38m | $21.8M | $56.6M | 25x |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $189.98
- Price spread: −0.211% → −0.030%
- −$18.11
- Slippage, 4 orders
- −$88.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $61.71
- Costs to cover
- 1.102%
- Break-even
- 4.7 days
Slippage from KuCoin: live order book, 65 min ago; Binance: live order book, 3 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, 65 min ago | 8.52 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 0.47 bp | 10.9 bp −$11 | 47.3 bp −$473 | 170.1 bp −$17.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 106.37 | +0.138% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.58 | +0.339% | $1K | $1.1M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.14 | −0.075% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.38 | +0.147% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.24 | +0.016% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0166% | 8h | 106.13 | −0.085% | $2.9M | $10.5M | 50x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0207% | 8h | 106.27 | +0.047% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0414% | 8h | 106.20 | −0.019% | $5.1M | $18.3M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.0474% | 8h | 106.11 | −0.104% | $2.0M | $4.4M | 20x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.0496% | 4h | 106.22 | long leg | $43K | $128K | 20x |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAP
Bitget ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.0920% | 1h | 106.39 | +0.160% | $113K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1255% | 4h | 105.55 | −0.631% | $19K | $308K | 20x | as long as short |
| Binance ZHIPUUSDTshort | +0.1401% | 4h | 106.00 | −0.211% | $21.8M | $56.6M | 25x | |
| edgeX ZHIPUUSDC | +0.1521% | 4h | 106.79 | +0.540% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.2091% | 1h | 106.25 | +0.028% | $29.0M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2591% | 8h | 106.32 | +0.094% | $404K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.3141% | 1h | 106.71 | +0.461% | $37K | $23K | 5x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P