Funding you earn now, next payment 08:00 UTC+0.0399%/8h= +43.7% APRnext payment +$3.99 per $10,000 · paid last 24h −0.002%
Price spread now: OKX against Bitget−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−$67as in the Price arb table
costs, in and out, $10k−$640.642% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 7 days−0.025%−$2 · spread now −0.010%, 7d avg +0.021%
=Funding pays, the price is against you. OKX is 0.031% cheaper against Bitget than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.021%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.049% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.049% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.99 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 | Bitget ZHIPUUSDT | 95.960 | 0.1435 | pay 0.1435% / 8h | 4h 16m | $1.9M | $3.9M | 20x |
| Short | OKX ZHIPU-USDT-SWAP | 95.950 | 0.1834 | get 0.1834% / 8h | 4h 16m | $5.7M | $16.4M | 25x |
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $83.73
- Price spread: −0.010% → +0.021%
- −$3.12
- Slippage, 4 orders
- −$42.19
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $16.41
- Costs to cover
- 0.642%
- Break-even
- 5.6 days
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 2.60 bp | 15.4 bp −$15 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.52 bp | 13.6 bp −$14 | 42.8 bp −$428 | 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 | 95.790 | −0.177% | $1K | $850K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.840 | −0.125% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.922 | −0.040% | $26K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.870 | −0.094% | $565 | $798 | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0169% | 1h | 96.080 | +0.125% | $36K | $20K | 5x | as long as short |
| Gate ZHIPU_USDT | +0.0188% | 8h | 95.910 | −0.052% | $2.9M | $11.7M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0208% | 1h | 95.920 | −0.042% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0296% | 1h | 95.920 | −0.042% | $101K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0582% | 4h | 95.790 | −0.177% | $17K | $331K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0666% | 8h | 95.950 | −0.010% | $49K | $51K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Ondo Perps ZHIPU-USD.P
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Lighter ZHIPU
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 | +0.0707% | 1h | 95.870 | −0.094% | $26.9M | $7.2M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1218% | 4h | 95.830 | −0.135% | $39K | $125K | 20x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1435% | 8h | 95.960 | long leg | $1.9M | $3.9M | 20x | |
| Binance ZHIPUUSDT | +0.1712% | 4h | 95.811 | −0.155% | $22.5M | $61.8M | 25x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1834% | 8h | 95.950 | −0.010% | $5.7M | $16.4M | 25x | |
| Bybit ZHIPUUSDT | +0.1941% | 8h | 95.890 | −0.073% | $273K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2277% | 4h | 96.322 | +0.377% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC