Funding you earn now, next payment 08:00 UTC+0.0269%/8h= +29.4% APRnext payment +$1.34 per $10,000 · paid last 24h +0.098%
Price spread now: Binance against KuCoin−0.025%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.746%−$75 · spread now −0.025%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.051% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.076%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 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 | KuCoin ZHIPUUSDTM | 96.060 | 0.0910 | pay 0.0455% / 4h | 3h 37m | $39K | $124K | 20x |
| Short | Binance ZHIPUUSDT | 96.036 | 0.1179 | get 0.0589% / 4h | 3h 37m | $22.5M | $63.3M | 25x |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDTFunding 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
- $56.41
- Price spread: −0.025% → −0.076%
- $5.09
- Slippage, 4 orders
- −$106.43
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$66.92
- Costs to cover
- 1.284%
- Break-even
- 15.3 days
Slippage from KuCoin: live order book, 27 min ago; Binance: live order book, 5 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, 27 min ago | 18.32 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 0.52 bp | 12.5 bp −$12 | 38.2 bp −$382 | 140.6 bp −$14.1K | 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-USDT | 0.0000% | 4h | 96.050 | −0.010% | $1K | $851K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 96.080 | +0.021% | $17K | $332K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 96.100 | +0.042% | $101K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.040 | −0.021% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0080% | 8h | 96.110 | +0.052% | $2.9M | $11.8M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.082 | +0.022% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.040 | −0.021% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 96.048 | −0.012% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0549% | 8h | 95.915 | −0.151% | $50K | $51K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0754% | 1h | 95.810 | −0.260% | $36K | $20K | 5x | as long as short |
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Gate ZHIPU_USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTMlong | +0.0910% | 4h | 96.060 | long leg | $39K | $124K | 20x | |
| tradeXYZ xyz:ZHIPU | +0.1055% | 1h | 96.033 | −0.028% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDTshort | +0.1179% | 4h | 96.036 | −0.025% | $22.5M | $63.3M | 25x | |
| Bitget ZHIPUUSDT | +0.1361% | 8h | 96.100 | +0.042% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1532% | 8h | 96.100 | +0.042% | $271K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1694% | 4h | 96.110 | +0.052% | $19K | $150K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1771% | 8h | 96.150 | +0.094% | $5.8M | $17.1M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP