ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.075%

Price spread now: HTX against KuCoin−0.011%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1261.265% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.011%, 7d avg −0.040%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.029% dearer against KuCoin than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.040%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	94.800	0.0100	pay 0.0050% / 4h	49m 11s	$40K	$319K	20x
Short	HTX ZHIPU-USDT	94.790	0	get 0.0000% / 4h	49m 11s	$16K	$345K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee HTXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$21
Price spread: −0.011% → −0.040%: $2.92
Slippage, 4 orders: −$102.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$144.55
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; HTX: live order book, 56 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, 44 min ago	9.51 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 56 min ago	2.63 bp	16.3 bp −$16	31.2 bp −$312	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
Aster ZHIPUUSDT	0.0000%	8h	94.848	+0.050%	$54K	$33K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	94.810	+0.011%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.800	0.000%	$1K	$394K	10x	as long as short
HTX ZHIPU-USDTshort	0.0000%	4h	94.790	−0.011%	$16K	$345K	20x
Lighter ZHIPU	+0.0032%	1h	94.730	−0.074%	$100K	$15K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	94.792	−0.008%	$26.6M	$6.8M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.830	+0.032%	$34K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0089%	1h	94.890	+0.095%	$32K	$18K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.813	+0.014%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0100%	4h	94.800	long leg	$40K	$319K	20x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.790	−0.011%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.776	−0.025%	—	—	10x	as long as short
Binance ZHIPUUSDT	+0.0118%	4h	94.750	−0.052%	$22.0M	$55.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.0245%	8h	94.880	+0.084%	$356K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.0448%	8h	94.900	+0.105%	$1.6M	$4.0M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0898%	8h	94.820	+0.021%	$5.1M	$15.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.0918%	4h	94.833	+0.035%	$20K	$151K	10x	as long as short