Funding you earn now, next payment 08:00 UTC−0.0910%/8h= −99.6% APRnext payment −$4.55 per $10,000 · paid last 24h −0.094%
Price spread now: SunX against KuCoin−0.010%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$339as in the Funding arb table
Net, price: spread back to 7d avg − costs−$355as in the Price arb table
costs, in and out, $10k−$3493.489% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.292%+$29 · spread now −0.010%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.064% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.053%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.100%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.55 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 | 96.060 | 0.0910 | pay 0.0455% / 4h | 3h 36m | $39K | $124K | 20x |
| Short | SunX ZHIPU-USDT | 96.050 | 0 | get 0.0000% / 4h | 3h 36m | $1K | $851K | 10x |
KuCoin ZHIPUUSDTM
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$191.1
- Price spread: −0.010% → +0.053%
- −$6.37
- Slippage, 4 orders
- −$328.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$546.39
- Costs to cover
- 3.489%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 27 min ago; SunX: live order book, 66 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, 27 min ago | 18.32 bp | 55.0 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 66 min ago | 16.46 bp | 147.7 bp −$148 | 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-USDTshort | 0.0000% | 4h | 96.050 | −0.010% | $1K | $851K | 10x | |
| HTX ZHIPU-USDT | 0.0000% | 4h | 96.080 | +0.021% | $17K | $332K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 96.110 | +0.052% | $101K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.040 | −0.021% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0079% | 8h | 96.130 | +0.073% | $2.9M | $11.8M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.082 | +0.022% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.040 | −0.021% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 96.048 | −0.012% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0549% | 8h | 95.917 | −0.149% | $50K | $51K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0763% | 1h | 96.150 | +0.094% | $36K | $20K | 5x | as long as short |
HTX 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 ZHIPUUSDTMlong | +0.0910% | 4h | 96.060 | long leg | $39K | $124K | 20x | |
| tradeXYZ xyz:ZHIPU | +0.1051% | 1h | 96.070 | +0.010% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1165% | 4h | 96.048 | −0.012% | $22.5M | $63.4M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1358% | 8h | 96.100 | +0.042% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1525% | 8h | 96.100 | +0.042% | $271K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1694% | 4h | 96.110 | +0.052% | $19K | $150K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1771% | 8h | 96.180 | +0.125% | $5.8M | $17.1M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP