Funding you earn now, next payment 04:00 UTC−0.0490%/8h= −53.7% APRpaid last 24h −0.154%
Price spread now: Gate against Binance+0.114%7-day average +0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.489% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 2 days (all we have)+0.031%+$3 · spread now +0.114%, 7d avg +0.131%
=The price spread sits at its 7-day average of +0.131%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.112%, 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 0.112% in total (about 5.8% 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 | Binance ZHIPUUSDT | 105.54 | 0.0490 | pay 0.0245% / 4h | 3h 33m | $21.1M | $56.9M | 25x |
| Short | Gate ZHIPU_USDT | 105.66 | 0 | get 0.0000% / 8h | 7h 33m | $2.9M | $13.0M | 50x |
Binance ZHIPUUSDT
Gate ZHIPU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- −$102.93
- Price spread: +0.114% → +0.131%
- −$1.76
- Slippage, 4 orders
- −$23.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$153.64
- Costs to cover
- 0.489%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; Gate: live order book, 5 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 Binance live order book, 8 min ago | 0.95 bp | 10.2 bp −$10 | 30.2 bp −$302 | 113.9 bp −$11.4K | doesn't fit |
| Sell Gate live order book, 5 min ago | 4.73 bp | 13.8 bp −$14 | 44.4 bp −$444 | 82.3 bp −$8,225 | 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 | 105.40 | −0.131% | $54K | $51K | 20x | as long as short |
| Bybit ZHIPUUSDT | 0.0000% | 8h | 105.69 | +0.142% | $305K | $1.3M | 25x | as long as short |
| Gate ZHIPU_USDTshort | 0.0000% | 8h | 105.66 | +0.114% | $2.9M | $13.0M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.64 | +0.095% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.50 | −0.038% | $19K | $314K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 105.60 | +0.057% | $112K | $19K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.57 | +0.028% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.64 | +0.091% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.61 | +0.066% | $41K | $129K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.53 | −0.010% | — | — | 10x | as long as short |
Aster ZHIPUUSDT
Bybit ZHIPUUSDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZHIPU-USDT-SWAP | +0.0134% | 8h | 105.76 | +0.208% | $5.0M | $18.6M | 25x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0143% | 8h | 105.54 | 0.000% | $54 | $266 | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0183% | 8h | 105.64 | +0.095% | $1.7M | $4.5M | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0251% | 1h | 105.62 | +0.076% | $29.0M | $7.9M | 10x | as long as short |
| Binance ZHIPUUSDTlong | +0.0490% | 4h | 105.54 | long leg | $21.1M | $56.9M | 25x | |
| edgeX ZHIPUUSDC | +0.0761% | 4h | 105.61 | +0.062% | $21K | $150K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0896% | 1h | 105.53 | −0.009% | $37K | $22K | 5x | as long as short |
OKX ZHIPU-USDT-SWAP
Orderly PERP_ZHIPU_USDC_mythos
Bitget ZHIPUUSDT
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P