Funding you earn now, next payment 04:00 UTC−0.0833%/8h= −91.2% APRnext payment −$4.17 per $10,000 · paid last 24h −0.088%
Price spread now: KuCoin against Binance+0.007%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$228as in the Funding arb table
Net, price: spread back to 7d avg − costs−$225as in the Price arb table
costs, in and out, $10k−$2222.223% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 2 days (all we have)+0.006%+$1 · spread now +0.007%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
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 −$4.17 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 | Binance ZHIPUUSDT | 102.12 | 0.1407 | pay 0.0704% / 4h | 2h 14m | $21.6M | $55.2M | 25x |
| Short | KuCoin ZHIPUUSDTM | 102.13 | 0.0574 | get 0.0287% / 4h | 2h 14m | $41K | $124K | 20x |
Binance ZHIPUUSDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. 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
- −$174.96
- Price spread: +0.007% → +0.030%
- −$2.3
- Slippage, 4 orders
- −$200.3
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$399.55
- Costs to cover
- 2.223%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; KuCoin: live order book, 14 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 Binance live order book, 13 min ago | 1.94 bp | 13.8 bp −$14 | 48.9 bp −$489 | 184.1 bp −$18.4K | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 18.91 bp | 77.2 bp −$77 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 101.99 | −0.130% | $52K | $52K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 102.36 | +0.232% | $2K | $1.0M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 102.02 | −0.101% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 101.67 | −0.439% | $26K | $2K | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 102.03 | −0.090% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0113% | 8h | 101.97 | −0.150% | $53 | $266 | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0228% | 8h | 102.44 | +0.311% | $3.0M | $11.7M | 50x | as long as short |
| Lighter ZHIPU | +0.0528% | 1h | 101.96 | −0.159% | $108K | $20K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0531% | 8h | 102.16 | +0.036% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0574% | 4h | 102.13 | +0.007% | $41K | $124K | 20x |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Lighter ZHIPU
Bitget ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZHIPU-USDT-SWAP | +0.0591% | 8h | 102.37 | +0.242% | $5.2M | $16.3M | 25x | as long as short |
| HTX ZHIPU-USDT | +0.0618% | 4h | 102.22 | +0.095% | $18K | $307K | 20x | as long as short |
| Binance ZHIPUUSDTlong | +0.1407% | 4h | 102.12 | long leg | $21.6M | $55.2M | 25x | |
| Ondo Perps ZHIPU-USD.P | +0.1545% | 1h | 102.42 | +0.291% | $37K | $20K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1587% | 1h | 102.12 | −0.003% | $28.1M | $6.1M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2099% | 8h | 102.10 | −0.022% | $385K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2237% | 4h | 101.78 | −0.335% | $20K | $154K | 10x | as long as short |
OKX ZHIPU-USDT-SWAP
HTX ZHIPU-USDT
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC