ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0401%/8h= −43.9% APRnext payment −$2.00 per $10,000 · paid last 24h −0.055%

Price spread now: HTX against KuCoin+0.011%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$754as in the Funding arb table

Net, price: spread back to 7d avg − costs−$742as in the Price arb table

costs, in and out, $10k−$7487.478% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.011%, 7d avg −0.044%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.044%): +$5 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.060% in total) that is about 6.3 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 −$2.00 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	95.170	0.0988	pay 0.0494% / 4h	30m 56s	$38K	$112K	20x
Short	HTX ZHIPU-USDT	95.180	0.0587	get 0.0294% / 4h	30m 56s	$20K	$350K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against KuCoin. 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 KuCoinbpFee HTXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$84.12
Price spread: +0.011% → −0.044%: $5.42
Slippage, 4 orders: −$723.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$826.49
Costs to cover: 7.478%
Break-even: never at this rate

Slippage from KuCoin: live order book, 63 min ago; HTX: live order book, 7 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, 63 min ago	12.51 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	44.67 bp	340.1 bp −$340	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	95.090	−0.084%	$1K	$508K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.130	−0.042%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	95.190	+0.021%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.108	−0.065%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.110	−0.063%	$826	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0201%	8h	95.180	+0.011%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	95.156	−0.015%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0240%	1h	94.950	−0.231%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0535%	1h	95.123	−0.049%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDTshort	+0.0587%	4h	95.180	+0.011%	$20K	$350K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0889%	8h	95.116	−0.057%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0988%	4h	95.170	long leg	$38K	$112K	20x
Binance ZHIPUUSDT	+0.1038%	4h	95.100	−0.074%	$22.3M	$58.1M	25x	as long as short
Bybit ZHIPUUSDT	+0.1349%	8h	95.120	−0.053%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1529%	8h	95.160	−0.011%	$1.7M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1891%	8h	95.200	+0.032%	$5.3M	$16.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2060%	4h	94.985	−0.194%	$20K	$154K	10x	as long as short