Funding you earn now, next payment 04:00 UTC+0.1891%/8h= +207.0% APRpaid last 24h +0.030%
Price spread now: Bybit against KuCoin−0.009%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1751.749% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.009%, 7d avg +0.046%
=Funding pays, the price is against you. Bybit is 0.056% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.046%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$57 a day). At the pace of the last 7 days (+0.175% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.175% in total (about 9.1% 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 | KuCoin ZHIPUUSDTM | 106.24 | 0.0242 | pay 0.0121% / 4h | 3h 00m | $42K | $128K | 20x |
| Short | Bybit ZHIPUUSDT | 106.23 | 0.2133 | get 0.2133% / 8h | 7h 00m | $405K | $1.4M | 25x |
KuCoin ZHIPUUSDTM
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $397.02
- Price spread: −0.009% → +0.046%
- −$5.59
- Slippage, 4 orders
- −$151.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $216.55
- Costs to cover
- 1.749%
- Break-even
- 3.2 days
Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 1 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, 44 min ago | 8.52 bp | 51.7 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.18 bp | 41.1 bp −$41 | 270.3 bp −$2,703 | 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 | 105.91 | −0.309% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.28 | +0.038% | $2K | $1.2M | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0030% | 8h | 106.33 | +0.085% | $2.9M | $13.3M | 50x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.23 | −0.009% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.24 | −0.003% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.21 | −0.028% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0112% | 1h | 106.31 | +0.066% | $112K | $21K | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0172% | 8h | 106.17 | −0.066% | $55 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.0242% | 4h | 106.24 | long leg | $42K | $128K | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.0292% | 8h | 106.38 | +0.132% | $5.1M | $18.8M | 25x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Lighter ZHIPU
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0317% | 8h | 106.26 | +0.019% | $1.8M | $4.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0789% | 4h | 106.15 | −0.085% | $19K | $315K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0947% | 4h | 106.18 | −0.055% | $21.3M | $57.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0968% | 1h | 106.28 | +0.038% | $29.1M | $7.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1601% | 1h | 106.34 | +0.094% | $37K | $22K | 5x | as long as short |
| edgeX ZHIPUUSDC | +0.1820% | 4h | 106.22 | −0.022% | $21K | $151K | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2133% | 8h | 106.23 | −0.009% | $405K | $1.4M | 25x |
Bitget ZHIPUUSDT
HTX ZHIPU-USDT
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC