Funding you earn now, next payment 00:00 UTC−0.0316%/8h= −34.6% APRnext payment −$1.58 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against Binance−0.083%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,029as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,029as in the Price arb table
costs, in and out, $10k−$1,02710.274% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−0.116%−$12 · spread now −0.083%, 7d avg −0.072%
=The price spread sits at its 7-day average of −0.072%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 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 ZRXUSDT | 0.1198 | 0.0100 | pay 0.0050% / 4h | 44m 14s | $1.8M | $1.2M | 50x |
| Short | KuCoin ZRXUSDTM | 0.1197 | −0.0216 | pay 0.0108% / 4h | 44m 14s | $329K | $59K | 30x |
Binance ZRXUSDT
KuCoin ZRXUSDTMFunding 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
- −$66.36
- Price spread: −0.083% → −0.072%
- −$1.11
- Slippage, 4 orders
- −$1,005.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,094.87
- Costs to cover
- 10.274%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 17 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, 5 min ago | 4.17 bp | 25.6 bp −$26 | 192.7 bp −$1,927 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 17 min ago | 16.75 bp | 298.8 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMshort | −0.0216% | 4h | 0.1197 | −0.083% | $329K | $59K | 30x | |
| Bybit ZRXUSDT | −0.0007% | 8h | 0.1199 | +0.050% | $1.4M | $343K | 25x | as long as short |
| Binance ZRXUSDTlong | +0.0100% | 4h | 0.1198 | long leg | $1.8M | $1.2M | 50x | |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1199 | +0.100% | $533K | $263K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1199 | +0.100% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1198 | 0.000% | $910K | $157K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1200 | +0.167% | $583K | $123K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1199 | +0.083% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1198 | −0.008% | $23K | $41K | — | as long as short |
| BloFin ZRX-USDT | +0.0137% | 4h | 0.1199 | +0.083% | $95K | $19K | 50x | as long as short |
Bybit ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRX
BloFin ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.1198% | 1h | 0.1201 | +0.211% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD