Funding you earn now, next payment 08:00 UTC+0.0998%/8h= +109.3% APRnext payment +$4.99 per $10,000 · paid last 24h +0.094%
Price spread now: KuCoin against SunX−0.197%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$370as in the Funding arb table
Net, price: spread back to 7d avg − costs−$375as in the Price arb table
costs, in and out, $10k−$3603.601% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.197%, 7d avg −0.050%
=Funding pays, the price is against you. KuCoin is 0.146% cheaper against SunX than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.050%). If the spread goes back, that is −$15 on $10k: about 12 hours of funding at the current rate (+$30 a day). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.99 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 | SunX ZHIPU-USDT | 96.660 | 0 | get 0.0000% / 4h | 1h 53m | $1K | $845K | 10x |
| Short | KuCoin ZHIPUUSDTM | 96.470 | 0.0998 | get 0.0499% / 4h | 1h 53m | $39K | $121K | 20x |
SunX ZHIPU-USDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. 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
- $209.58
- Price spread: −0.197% → −0.050%
- −$14.64
- Slippage, 4 orders
- −$340.07
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$165.14
- Costs to cover
- 3.601%
- Break-even
- 12.5 days
Slippage from SunX: live order book, 29 min ago; KuCoin: 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 SunX live order book, 29 min ago | 14.11 bp | 122.3 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 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-USDTlong | 0.0000% | 4h | 96.660 | long leg | $1K | $845K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.440 | −0.228% | $34K | $3K | 10x | as long as short |
| Lighter ZHIPU | +0.0088% | 1h | 96.510 | −0.155% | $102K | $17K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.180 | −0.497% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.470 | −0.197% | $838 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0179% | 8h | 96.550 | −0.114% | $3.2M | $11.7M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0280% | 1h | 96.492 | −0.174% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0916% | 8h | 96.400 | −0.269% | $53K | $58K | 20x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0998% | 4h | 96.470 | −0.197% | $39K | $121K | 20x | |
| Binance ZHIPUUSDT | +0.1210% | 4h | 96.450 | −0.217% | $22.9M | $69.1M | 25x | as long as short |
SoDEX ZHIPU-USD
Lighter ZHIPU
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Binance ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.1234% | 4h | 96.520 | −0.145% | $21K | $351K | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1606% | 8h | 96.570 | −0.093% | $360K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1618% | 8h | 96.540 | −0.124% | $1.7M | $4.4M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1659% | 1h | 96.370 | −0.300% | $33K | $25K | 5x | as long as short |
| edgeX ZHIPUUSDC | +0.1671% | 4h | 96.423 | −0.245% | $21K | $154K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1916% | 1h | 96.441 | −0.227% | $27.2M | $8.0M | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.2020% | 8h | 96.530 | −0.134% | $5.5M | $18.8M | 25x | as long as short |
HTX ZHIPU-USDT
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
OKX ZHIPU-USDT-SWAP