Funding you earn now, next payment 08:00 UTC−0.0820%/8h= −89.8% APRnext payment −$4.10 per $10,000 · paid last 24h −0.154%
Price spread now: HTX against Binance−0.010%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.010%, 7d avg +0.021%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and HTX is 0.031% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.081% in total (about -4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.10 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 | Binance ZHIPUUSDT | 96.040 | 0.1011 | pay 0.0505% / 4h | 3h 16m | $22.5M | $63.6M | 25x |
| Short | HTX ZHIPU-USDT | 96.030 | 0.0190 | get 0.0095% / 4h | 3h 16m | $19K | $335K | 20x |
Binance ZHIPUUSDT
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$172.26
- Price spread: −0.010% → +0.021%
- −$3.13
- Slippage, 4 orders
- −$28.72
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$226.1
- Costs to cover
- 0.507%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; HTX: live order book, 36 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, 11 min ago | 1.56 bp | 9.6 bp −$10 | 36.1 bp −$361 | 165.8 bp −$16.6K | doesn't fit |
| Sell HTX live order book, 36 min ago | 5.74 bp | 18.4 bp −$18 | 36.1 bp −$361 | 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 | 96.010 | −0.031% | $2K | $848K | 10x | as long as short |
| Lighter ZHIPU | +0.0040% | 1h | 96.050 | +0.010% | $101K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.020 | −0.021% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0055% | 8h | 96.110 | +0.073% | $3.0M | $11.9M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.048 | +0.008% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.020 | −0.021% | $566 | $798 | 10x | as long as short |
| HTX ZHIPU-USDTshort | +0.0190% | 4h | 96.030 | −0.010% | $19K | $335K | 20x | |
| Aevo ZHIPU-PERP | +0.0208% | 1h | 95.996 | −0.046% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0489% | 8h | 96.013 | −0.028% | $50K | $51K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0712% | 4h | 96.030 | −0.010% | $39K | $122K | 20x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Gate ZHIPU_USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0802% | 1h | 95.890 | −0.156% | $36K | $20K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0911% | 1h | 96.033 | −0.007% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDTlong | +0.1011% | 4h | 96.040 | long leg | $22.5M | $63.6M | 25x | |
| Bitget ZHIPUUSDT | +0.1327% | 8h | 96.110 | +0.073% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1402% | 8h | 96.060 | +0.021% | $266K | $1.4M | 25x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1718% | 8h | 96.100 | +0.062% | $5.7M | $17.1M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1719% | 4h | 96.071 | +0.033% | $19K | $150K | 10x | as long as short |
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC