Funding you earn now, next payment 12:00 UTC+0.0528%/8h= +57.8% APRpaid last 24h +0.114%
Price spread now: KuCoin against Gate−0.116%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1261.261% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.116%, 7d avg −0.048%
=Funding pays, the price is against you. KuCoin is 0.069% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.048%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.069%, 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 -0.069% in total (about -3.6% 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 | Gate ZHIPU_USDT | 94.450 | 0 | get 0.0000% / 8h | 7h 20m | $3.3M | $10.1M | 50x |
| Short | KuCoin ZHIPUUSDTM | 94.340 | 0.0528 | get 0.0264% / 4h | 3h 20m | $39K | $181K | 20x |
Gate ZHIPU_USDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $110.88
- Price spread: −0.116% → −0.048%
- −$6.89
- Slippage, 4 orders
- −$99.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$22.08
- Costs to cover
- 1.261%
- Break-even
- 8.4 days
Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 64 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 Gate live order book, 3 min ago | 2.12 bp | 14.6 bp −$15 | 46.6 bp −$466 | 78.9 bp −$7,886 | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 12.07 bp | 44.4 bp −$44 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZHIPUUSDT | 0.0000% | 8h | 94.490 | +0.042% | $355K | $1.2M | 25x | as long as short |
| Gate ZHIPU_USDTlong | 0.0000% | 8h | 94.450 | long leg | $3.3M | $10.1M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.460 | +0.011% | $2K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.390 | −0.064% | $15K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.350 | −0.106% | $100K | $16K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0050% | 1h | 94.272 | −0.188% | $26.5M | $6.9M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.310 | −0.148% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.281 | −0.178% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.350 | −0.106% | $820 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0128% | 1h | 94.314 | −0.144% | — | — | 10x | as long as short |
Bybit ZHIPUUSDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0142% | 1h | 94.430 | −0.021% | $32K | $19K | 5x | as long as short |
| Binance ZHIPUUSDT | +0.0505% | 4h | 94.360 | −0.095% | $22.0M | $55.3M | 25x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0528% | 4h | 94.340 | −0.116% | $39K | $181K | 20x | |
| Aster ZHIPUUSDT | +0.0620% | 8h | 94.310 | −0.149% | $53K | $33K | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.0929% | 4h | 94.145 | −0.323% | $20K | $151K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1149% | 8h | 94.450 | 0.000% | $1.6M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1614% | 8h | 94.490 | +0.042% | $5.1M | $15.1M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
Binance ZHIPUUSDT
Aster ZHIPUUSDT
edgeX ZHIPUUSDC
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP