Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRnext payment +$1.22 per $10,000 · paid last 24h +0.073%
Price spread now: KuCoin against SunX−0.207%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3363.357% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.207%, 7d avg −0.048%
=Funding pays, the price is against you. KuCoin is 0.159% cheaper against SunX than usual: you would sell low and buy high (spread −0.207% now, against its 7-day average of −0.048%). If the spread goes back, that is −$16 on $10k: about 2.2 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.106%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.22 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 | SunX ZHIPU-USDT | 106.28 | 0 | get 0.0000% / 4h | 2h 59m | $2K | $1.2M | 10x |
| Short | KuCoin ZHIPUUSDTM | 106.06 | 0.0244 | get 0.0122% / 4h | 2h 59m | $42K | $128K | 20x |
SunX ZHIPU-USDT
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against SunX. 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
- $51.24
- Price spread: −0.207% → −0.048%
- −$15.92
- Slippage, 4 orders
- −$315.66
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$300.34
- Costs to cover
- 3.357%
- Break-even
- 48.0 days
Slippage from SunX: live order book, 4 min ago; KuCoin: live order book, 44 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 SunX live order book, 4 min ago | 30.13 bp | 108.3 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 min ago | 8.52 bp | 39.0 bp −$39 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.92 | −0.342% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 106.28 | long leg | $2K | $1.2M | 10x | |
| Gate ZHIPU_USDT | +0.0030% | 8h | 106.37 | +0.085% | $2.9M | $10.1M | 50x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.23 | −0.047% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.30 | +0.016% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.21 | −0.066% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0112% | 1h | 106.32 | +0.038% | $112K | $20K | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0172% | 8h | 106.17 | −0.104% | $55 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0244% | 4h | 106.06 | −0.207% | $42K | $128K | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.0298% | 8h | 106.55 | +0.254% | $5.1M | $18.8M | 25x | as long as short |
Aster ZHIPUUSDT
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Lighter ZHIPU
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0319% | 8h | 106.31 | +0.028% | $1.8M | $4.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0789% | 4h | 106.15 | −0.122% | $19K | $315K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0956% | 4h | 106.21 | −0.063% | $21.3M | $57.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1743% | 1h | 106.33 | +0.047% | $29.1M | $7.9M | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.1820% | 4h | 106.22 | −0.060% | $21K | $151K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2123% | 8h | 106.33 | +0.047% | $405K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.2276% | 1h | 106.29 | +0.009% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
HTX ZHIPU-USDT
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P