Funding you earn now, next payment 12:00 UTC+0.1189%/8h= +130.2% APRpaid last 24h +0.061%
Price spread now: OKX against KuCoin+0.095%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$238as in the Price arb table
costs, in and out, $10k−$2432.435% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 4 days (all we have)−0.322%−$32 · spread now +0.095%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and OKX is 0.052% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.043%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% 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 | KuCoin ZHIPUUSDTM | 94.720 | 0.0100 | pay 0.0050% / 4h | 2h 09m | $38K | $249K | 20x |
| Short | OKX ZHIPU-USDT-SWAP | 94.810 | 0.1289 | get 0.1289% / 8h | 6h 09m | $5.1M | $15.3M | 25x |
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $249.78
- Price spread: +0.095% → +0.043%
- $5.21
- Slippage, 4 orders
- −$221.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $11.51
- Costs to cover
- 2.435%
- Break-even
- 6.7 days
Slippage from KuCoin: live order book, 33 min ago; OKX: live order book, 2 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, 33 min ago | 17.40 bp | 109.9 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.53 bp | 10.7 bp −$11 | 50.5 bp −$505 | 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 | 94.740 | +0.021% | $3.3M | $10.2M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.730 | +0.011% | $932 | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.680 | −0.042% | $15K | $346K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.550 | −0.179% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.650 | −0.074% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.668 | −0.054% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.0100% | 4h | 94.720 | long leg | $38K | $249K | 20x | |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.680 | −0.042% | $823 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.651 | −0.073% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0244% | 8h | 94.671 | −0.052% | $54K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0435% | 4h | 94.690 | −0.032% | $21.9M | $55.8M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0466% | 1h | 94.646 | −0.078% | $26.6M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0572% | 8h | 94.750 | +0.032% | $354K | $1.2M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0674% | 1h | 94.710 | −0.011% | $32K | $19K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.0880% | 8h | 94.730 | +0.011% | $1.6M | $4.0M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1012% | 4h | 94.666 | −0.057% | $20K | $151K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1289% | 8h | 94.810 | +0.095% | $5.1M | $15.3M | 25x |
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC