Funding you earn now, next payment 08:00 UTC+0.0922%/8h= +101.0% APRnext payment +$4.61 per $10,000 · paid last 24h +0.055%
Price spread now: KuCoin against HTX−0.010%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1371.371% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.010%, 7d avg +0.035%
=Funding pays, the price is against you. KuCoin is 0.045% cheaper against HTX than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.035%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.060% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.61 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 | HTX ZHIPU-USDT | 96.090 | 0 | get 0.0000% / 4h | 3h 38m | $17K | $332K | 20x |
| Short | KuCoin ZHIPUUSDTM | 96.080 | 0.0922 | get 0.0461% / 4h | 3h 38m | $39K | $124K | 20x |
HTX ZHIPU-USDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against HTX. 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
- $193.62
- Price spread: −0.010% → +0.035%
- −$4.52
- Slippage, 4 orders
- −$113.1
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $52
- Costs to cover
- 1.371%
- Break-even
- 5.1 days
Slippage from HTX: live order book, 14 min ago; KuCoin: live order book, 26 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 HTX live order book, 14 min ago | 5.74 bp | 12.4 bp −$12 | 29.5 bp −$295 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 26 min ago | 18.32 bp | 51.3 bp −$51 | 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 | 96.050 | −0.042% | $1K | $851K | 10x | as long as short |
| HTX ZHIPU-USDTlong | 0.0000% | 4h | 96.090 | long leg | $17K | $332K | 20x | |
| Lighter ZHIPU | +0.0032% | 1h | 96.100 | +0.010% | $101K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.030 | −0.062% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0082% | 8h | 96.180 | +0.094% | $2.9M | $11.8M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.076 | −0.015% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.020 | −0.073% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 96.010 | −0.083% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0553% | 8h | 95.910 | −0.187% | $50K | $51K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0769% | 1h | 95.810 | −0.291% | $36K | $20K | 5x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Gate ZHIPU_USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTMshort | +0.0922% | 4h | 96.080 | −0.010% | $39K | $124K | 20x | |
| tradeXYZ xyz:ZHIPU | +0.1074% | 1h | 96.074 | −0.017% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1181% | 4h | 96.080 | −0.010% | $22.5M | $63.3M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1362% | 8h | 96.170 | +0.083% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1542% | 8h | 96.090 | 0.000% | $271K | $1.4M | 25x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1775% | 8h | 96.140 | +0.052% | $5.8M | $17.1M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1892% | 4h | 95.934 | −0.163% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC