Funding you earn now, next payment 12:00 UTC+0.1160%/8h= +127.0% APRnext payment +$5.80 per $10,000 · paid last 24h +0.059%
Price spread now: Binance against KuCoin+0.191%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$770as in the Funding arb table
Net, price: spread back to 7d avg − costs−$701as in the Price arb table
costs, in and out, $10k−$7207.203% of the position
Funding, last 7 days−0.502%−$50 on $10k
+Price spread, last 4 days (all we have)−0.555%−$56 · spread now +0.191%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Binance is 0.191% dearer against KuCoin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.502%, 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 -0.502% in total (about -26.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.80 per $10,000. 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 ZHONGJIUSDTM | 157.38 | 0.0260 | pay 0.0130% / 4h | 1h 45m | $61K | $219K | 20x |
| Short | Binance ZHONGJIUSDT | 157.68 | 0.1420 | get 0.0710% / 4h | 1h 45m | $3.6M | $13.0M | 20x |
KuCoin ZHONGJIUSDTM
Binance ZHONGJIUSDTFunding 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
- $243.56
- Price spread: +0.191% → −0.001%
- $19.14
- Slippage, 4 orders
- −$698.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$457.6
- Costs to cover
- 7.203%
- Break-even
- 20.2 days
Slippage from KuCoin: live order book, 56 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, 56 min ago | 13.43 bp | 416.4 bp −$416 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.27 bp | 28.0 bp −$28 | 82.7 bp −$827 | doesn't fit | doesn't fit |
ZHONGJI on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX ZHONGJIUSDC | −0.0426% | 4h | 157.68 | +0.190% | $63K | $436K | 10x | as long as short |
| Bybit ZHONGJIUSDT | 0.0000% | 8h | 157.74 | +0.229% | $92K | $77K | 25x | as long as short |
| HTX ZHONGJI-USDT | 0.0000% | 4h | 157.76 | +0.241% | $30K | $352K | 20x | as long as short |
| KuCoin ZHONGJIUSDTMlong | +0.0260% | 4h | 157.38 | long leg | $61K | $219K | 20x | |
| Gate ZHONGJI_USDT | +0.0466% | 4h | 158.01 | +0.400% | $247K | $212K | 20x | as long as short |
| OKX ZHONGJI-USDT-SWAP | +0.0524% | 8h | 157.84 | +0.292% | $1.3M | $6.0M | 20x | as long as short |
| Bitget ZHONGJIUSDT | +0.0553% | 8h | 157.67 | +0.184% | $570K | $836K | 20x | as long as short |
| Binance ZHONGJIUSDTshort | +0.1420% | 4h | 157.68 | +0.191% | $3.6M | $13.0M | 20x |
edgeX ZHONGJIUSDC
Bybit ZHONGJIUSDT
HTX ZHONGJI-USDT
Gate ZHONGJI_USDT
OKX ZHONGJI-USDT-SWAP
Bitget ZHONGJIUSDT