Funding you earn now, next payment 03:00 UTC+0.0905%/8h= +99.1% APRpaid last 24h +0.154%
Price spread now: tradeXYZ against Bitget−0.010%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$750.748% of the position
Funding, last 7 days+0.475%+$48 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now −0.010%, 7d avg +0.040%
=Together, before fees+0.468%+ Points / potential airdroptradeXYZ: Active · farm board+$47 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.050% cheaper against Bitget than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.040%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.475% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.475% in total (about 24.8% 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 | Bitget ZHIPUUSDT | 100.20 | 0.0831 | pay 0.0831% / 8h | 5h 51m | $2.0M | $3.8M | 20x |
| Short | tradeXYZ xyz:ZHIPU | 100.19 | 0.1736 | get 0.0217% / 1h | 51m 23s | $27.7M | $6.3M | 10x |
Bitget ZHIPUUSDT
tradeXYZ xyz:ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $190.05
- Price spread: −0.010% → +0.040%
- −$4.96
- Slippage, 4 orders
- −$44.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $110.29
- Costs to cover
- 0.748%
- Break-even
- 2.9 days
Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 8 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 | 4.96 bp | 23.3 bp −$23 | 41.0 bp −$410 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 8 min ago | 2.97 bp | 14.3 bp −$14 | 27.3 bp −$273 | 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 | 100.83 | +0.629% | $2K | $988K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0023% | 8h | 100.58 | +0.378% | $52K | $54K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 100.74 | +0.539% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.856 | −0.344% | $25K | $2K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 100.09 | −0.110% | $52 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 100.17 | −0.030% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0247% | 8h | 100.29 | +0.090% | $3.0M | $10.2M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0691% | 1h | 100.72 | +0.519% | $36K | $18K | 5x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0831% | 8h | 100.20 | long leg | $2.0M | $3.8M | 20x | |
| HTX ZHIPU-USDT | +0.0843% | 4h | 100.63 | +0.429% | $18K | $308K | 20x | as long as short |
SunX ZHIPU-USDT
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0898% | 4h | 100.27 | +0.070% | $40K | $124K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0932% | 8h | 100.30 | +0.100% | $5.3M | $16.1M | 25x | as long as short |
| Lighter ZHIPU | +0.1040% | 1h | 100.51 | +0.309% | $106K | $20K | 10x | as long as short |
| tradeXYZ xyz:ZHIPUshort | +0.1736% | 1h | 100.19 | −0.010% | $27.7M | $6.3M | 10x | |
| Binance ZHIPUUSDT | +0.1755% | 4h | 100.14 | −0.060% | $22.2M | $56.2M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2247% | 4h | 100.62 | +0.423% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2516% | 8h | 100.20 | 0.000% | $370K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Lighter ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT