Funding you earn now, next payment 08:00 UTC+0.0909%/8h= +99.5% APRpaid last 24h −0.142%
Price spread now: OKX against Binance+0.135%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days+0.139%+$14 on $10k
+Price spread, last 7 days−0.095%−$10 · spread now +0.135%, 7d avg +0.089%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and OKX is 0.046% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.089%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.139% in total (about 7.3% 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 | 95.281 | 0.1072 | pay 0.0536% / 4h | 1h 21m | $22.5M | $66.2M | 25x |
| Short | OKX ZHIPU-USDT-SWAP | 95.410 | 0.1981 | get 0.1981% / 8h | 1h 21m | $5.4M | $18.5M | 25x |
Binance ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $190.9
- Price spread: +0.135% → +0.089%
- $4.61
- Slippage, 4 orders
- −$33.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $141.6
- Costs to cover
- 0.539%
- Break-even
- 1.8 days
Slippage from Binance: live order book, 6 min ago; OKX: live order book, 2 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, 6 min ago | 3.68 bp | 11.9 bp −$12 | 43.2 bp −$432 | 146.3 bp −$14.6K | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.52 bp | 12.9 bp −$13 | 75.3 bp −$753 | 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 | 95.390 | +0.114% | $2K | $769K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.250 | −0.033% | $34K | $3K | 10x | as long as short |
| Lighter ZHIPU | +0.0072% | 1h | 95.280 | −0.001% | $100K | $17K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.045 | −0.248% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.260 | −0.022% | $828 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0183% | 8h | 95.380 | +0.104% | $3.2M | $11.9M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 95.270 | −0.011% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0528% | 1h | 95.050 | −0.242% | $33K | $23K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.0864% | 4h | 95.350 | +0.072% | $21K | $350K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0904% | 8h | 95.382 | +0.106% | $53K | $53K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Lighter ZHIPU
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
HTX ZHIPU-USDT
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0926% | 1h | 95.228 | −0.056% | $26.9M | $7.6M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0964% | 4h | 95.280 | −0.001% | $38K | $118K | 20x | as long as short |
| Binance ZHIPUUSDTlong | +0.1072% | 4h | 95.281 | long leg | $22.5M | $66.2M | 25x | |
| edgeX ZHIPUUSDC | +0.1195% | 4h | 95.139 | −0.149% | $20K | $153K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1479% | 8h | 95.310 | +0.030% | $356K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1604% | 8h | 95.300 | +0.020% | $1.7M | $4.3M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1981% | 8h | 95.410 | +0.135% | $5.4M | $18.5M | 25x |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT