Funding you earn now, next payment 12:00 UTC−0.0621%/8h= −68.0% APRpaid last 24h −0.037%
Price spread now: KuCoin against Bitget−0.127%7-day average −0.015% · 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−$144as in the Price arb table
costs, in and out, $10k−$1331.325% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.127%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and KuCoin is 0.112% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment. 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 | Bitget ZHIPUUSDT | 94.480 | 0.1149 | pay 0.1149% / 8h | 7h 19m | $1.6M | $3.9M | 20x |
| Short | KuCoin ZHIPUUSDTM | 94.360 | 0.0528 | get 0.0264% / 4h | 3h 19m | $39K | $181K | 20x |
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$130.41
- Price spread: −0.127% → −0.015%
- −$11.16
- Slippage, 4 orders
- −$108.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$274.11
- Costs to cover
- 1.325%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 8 min ago; KuCoin: live order book, 64 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 Bitget live order book, 8 min ago | 3.72 bp | 17.3 bp −$17 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 12.07 bp | 44.4 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZHIPUUSDT | 0.0000% | 8h | 94.570 | +0.095% | $355K | $1.2M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.480 | 0.000% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.460 | −0.021% | $2K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.390 | −0.095% | $15K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.370 | −0.116% | $100K | $16K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0050% | 1h | 94.295 | −0.196% | $26.5M | $6.9M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.310 | −0.180% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.281 | −0.210% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.350 | −0.138% | $820 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0128% | 1h | 94.314 | −0.175% | — | — | 10x | as long as short |
Bybit ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0142% | 1h | 94.430 | −0.053% | $32K | $19K | 5x | as long as short |
| Binance ZHIPUUSDT | +0.0508% | 4h | 94.453 | −0.029% | $22.0M | $55.4M | 25x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0528% | 4h | 94.360 | −0.127% | $39K | $181K | 20x | |
| Aster ZHIPUUSDT | +0.0614% | 8h | 94.305 | −0.185% | $53K | $33K | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.0929% | 4h | 94.145 | −0.355% | $20K | $151K | 10x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1149% | 8h | 94.480 | long leg | $1.6M | $3.9M | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.1614% | 8h | 94.710 | +0.243% | $5.1M | $15.1M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
Binance ZHIPUUSDT
Aster ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP