Funding you earn now, next payment 08:00 UTC+0.0287%/8h= +31.4% APRpaid last 24h +0.010%
Price spread now: Bybit against KuCoin+0.011%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1811.808% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.011%, 7d avg +0.042%
=Funding pays, the price is against you. Bybit is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.042%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.171% in total) that is about 31 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% 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 | KuCoin ZHIPUUSDTM | 94.530 | 0.0978 | pay 0.0489% / 4h | 3m 17s | $38K | $136K | 20x |
| Short | Bybit ZHIPUUSDT | 94.540 | 0.1265 | get 0.1265% / 8h | 3m 17s | $355K | $1.2M | 25x |
KuCoin ZHIPUUSDTM
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $60.17
- Price spread: +0.011% → +0.042%
- −$3.19
- Slippage, 4 orders
- −$157.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$123.78
- Costs to cover
- 1.808%
- Break-even
- 21.4 days
Slippage from KuCoin: live order book, 21 min ago; Bybit: live order book, 2 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, 21 min ago | 12.07 bp | 52.5 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.86 bp | 46.9 bp −$47 | 170.2 bp −$1,702 | 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 | 94.740 | +0.222% | $2K | $443K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.530 | 0.000% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.403 | −0.134% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.520 | −0.011% | $821 | $798 | 10x | as long as short |
| Lighter ZHIPU | +0.0152% | 1h | 94.620 | +0.095% | $100K | $16K | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 94.538 | +0.009% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0199% | 8h | 94.630 | +0.106% | $3.2M | $10.4M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0284% | 1h | 94.620 | +0.095% | $32K | $21K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.0476% | 4h | 94.570 | +0.042% | $20K | $349K | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0553% | 1h | 94.523 | −0.007% | $26.7M | $7.1M | 10x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Lighter ZHIPU
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | +0.0834% | 8h | 94.580 | +0.052% | $53K | $34K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0973% | 4h | 94.480 | −0.053% | $22.2M | $55.9M | 25x | as long as short |
| KuCoin ZHIPUUSDTMlong | +0.0978% | 4h | 94.530 | long leg | $38K | $136K | 20x | |
| edgeX ZHIPUUSDC | +0.1116% | 4h | 94.762 | +0.245% | $20K | $152K | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1265% | 8h | 94.540 | +0.011% | $355K | $1.2M | 25x | |
| Bitget ZHIPUUSDT | +0.1453% | 8h | 94.500 | −0.032% | $1.6M | $3.8M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1814% | 8h | 94.550 | +0.021% | $5.2M | $15.3M | 25x | as long as short |
Aster ZHIPUUSDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP