Funding you earn now, next payment 04:00 UTC+0.0607%/8h= +66.4% APRnext payment +$3.03 per $10,000 · paid last 24h +0.089%
Price spread now: Binance against KuCoin−0.104%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1181.178% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.688%−$69 · spread now −0.104%, 7d avg −0.076%
=Funding pays, the price is against you. Binance is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.076%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.059% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.03 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 | KuCoin ZHIPUUSDTM | 96.380 | 0.1480 | pay 0.0740% / 4h | 34m 43s | $39K | $124K | 20x |
| Short | Binance ZHIPUUSDT | 96.280 | 0.2087 | get 0.1043% / 4h | 34m 43s | $22.5M | $60.4M | 25x |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against KuCoin. 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
- $127.37
- Price spread: −0.104% → −0.076%
- −$2.76
- Slippage, 4 orders
- −$95.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $6.81
- Costs to cover
- 1.178%
- Break-even
- 6.6 days
Slippage from KuCoin: live order book, 39 min ago; Binance: live order book, 8 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 KuCoin live order book, 39 min ago | 18.50 bp | 54.6 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.09 bp | 10.9 bp −$11 | 22.5 bp −$225 | 133.6 bp −$13.4K | 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 | 96.220 | −0.166% | $2K | $842K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.130 | −0.259% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.176 | −0.212% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.150 | −0.239% | $567 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 96.206 | −0.180% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0283% | 8h | 96.440 | +0.062% | $3.0M | $11.5M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0410% | 1h | 95.990 | −0.405% | $36K | $20K | 5x | as long as short |
| Lighter ZHIPU | +0.0656% | 1h | 96.350 | −0.031% | $101K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0709% | 8h | 96.430 | +0.052% | $50K | $51K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0881% | 4h | 96.110 | −0.280% | $17K | $327K | 20x | as long as short |
SunX ZHIPU-USDT
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 | +0.1066% | 1h | 96.378 | −0.002% | $27.1M | $7.1M | 10x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.1480% | 4h | 96.380 | long leg | $39K | $124K | 20x | |
| Bitget ZHIPUUSDT | +0.1501% | 8h | 96.420 | +0.042% | $1.9M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1828% | 8h | 96.560 | +0.187% | $5.6M | $16.3M | 25x | as long as short |
| Binance ZHIPUUSDTshort | +0.2087% | 4h | 96.280 | −0.104% | $22.5M | $60.4M | 25x | |
| Bybit ZHIPUUSDT | +0.2371% | 8h | 96.360 | −0.021% | $291K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2739% | 4h | 96.656 | +0.287% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC