ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.39 per $10,000 · paid last 24h −0.098%

Price spread now: KuCoin against Binance+0.015%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1301.305% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.494%+$49 · spread now +0.015%, 7d avg +0.077%

Together, before fees+0.473%+$47 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.062% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	95.725	0.1098	pay 0.0549% / 4h	57m 03s	$22.5M	$66.6M	25x
Short	KuCoin ZHIPUUSDTM	95.740	0.1020	get 0.0510% / 4h	57m 03s	$38K	$118K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$16.47
Price spread: +0.015% → +0.077%: −$6.21
Slippage, 4 orders: −$108.46
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$153.14
Costs to cover: 1.305%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; KuCoin: live order book, 37 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, 15 min ago	0.53 bp	12.1 bp −$12	45.4 bp −$454	164.8 bp −$16.5K	doesn't fit
Sell KuCoin live order book, 37 min ago	12.51 bp	48.1 bp −$48	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-USDT	0.0000%	4h	95.860	+0.141%	$1K	$755K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.710	−0.016%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	95.690	−0.037%	$101K	$16K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0090%	1h	96.250	+0.548%	$33K	$23K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.676	−0.051%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.710	−0.016%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0206%	8h	95.760	+0.036%	$3.2M	$9.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	95.719	−0.007%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0760%	4h	95.810	+0.089%	$20K	$355K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0841%	1h	95.687	−0.040%	$27.0M	$7.8M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0924%	8h	95.967	+0.252%	$53K	$52K	20x	as long as short
KuCoin ZHIPUUSDTMshort	+0.1020%	4h	95.740	+0.015%	$38K	$118K	20x
Binance ZHIPUUSDTlong	+0.1098%	4h	95.725	long leg	$22.5M	$66.6M	25x
Bybit ZHIPUUSDT	+0.1423%	8h	95.820	+0.099%	$358K	$1.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.1545%	4h	96.146	+0.440%	$20K	$153K	10x	as long as short
Bitget ZHIPUUSDT	+0.1604%	8h	95.730	+0.005%	$1.7M	$4.2M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1963%	8h	95.840	+0.120%	$5.3M	$18.8M	25x	as long as short