Funding you earn now, next payment 04:00 UTC+0.1444%/8h= +158.1% APRnext payment +$7.22 per $10,000 · paid last 24h +0.072%
Price spread now: KuCoin against SunX−0.083%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3413.405% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now −0.083%, 7d avg −0.055%
=Funding pays, the price is against you. KuCoin is 0.028% cheaper against SunX than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of −0.055%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$43 a day). Mind the row above: over the last 7 days funding on this pair cost −0.107%, 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 -0.107% in total (about -5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.22 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 | SunX ZHIPU-USDT | 96.670 | 0 | get 0.0000% / 4h | 32m 40s | $2K | $842K | 10x |
| Short | KuCoin ZHIPUUSDTM | 96.590 | 0.1444 | get 0.0722% / 4h | 32m 40s | $39K | $124K | 20x |
SunX ZHIPU-USDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. 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
- $303.24
- Price spread: −0.083% → −0.055%
- −$2.76
- Slippage, 4 orders
- −$320.51
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$40.03
- Costs to cover
- 3.405%
- Break-even
- 7.9 days
Slippage from SunX: live order book, 10 min ago; KuCoin: live order book, 41 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 SunX live order book, 10 min ago | 16.46 bp | 94.9 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 41 min ago | 18.50 bp | 43.3 bp −$43 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 96.670 | long leg | $2K | $842K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.530 | −0.145% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.398 | −0.281% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.550 | −0.124% | $569 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0232% | 1h | 96.634 | −0.038% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0270% | 8h | 96.640 | −0.031% | $3.0M | $11.5M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0367% | 1h | 95.990 | −0.703% | $36K | $20K | 5x | as long as short |
| Lighter ZHIPU | +0.0592% | 1h | 96.670 | 0.000% | $102K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0709% | 8h | 96.520 | −0.155% | $50K | $51K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0848% | 4h | 96.650 | −0.021% | $17K | $327K | 20x | as long as short |
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Lighter ZHIPU
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1013% | 1h | 96.478 | −0.199% | $27.1M | $7.2M | 10x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.1444% | 4h | 96.590 | −0.083% | $39K | $124K | 20x | |
| Bitget ZHIPUUSDT | +0.1497% | 8h | 96.650 | −0.021% | $1.9M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1834% | 8h | 96.690 | +0.021% | $5.6M | $16.3M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2052% | 4h | 96.480 | −0.197% | $22.5M | $60.6M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2318% | 8h | 96.620 | −0.052% | $289K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2474% | 4h | 96.159 | −0.529% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC