Funding you earn now, next payment 08:00 UTC+0.0511%/8h= +55.9% APRnext payment +$5.11 per $10,000 · paid last 24h −0.054%
Price spread now: OKX against Bybit+0.032%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1041.044% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now +0.032%, 7d avg −0.005%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and OKX is 0.036% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.005%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.11 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 | Bybit ZHIPUUSDT | 95.220 | 0.1475 | pay 0.1475% / 8h | 1h 17m | $357K | $1.5M | 25x |
| Short | OKX ZHIPU-USDT-SWAP | 95.250 | 0.1986 | get 0.1986% / 8h | 1h 17m | $5.4M | $18.4M | 25x |
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- $107.21
- Price spread: +0.032% → −0.005%
- $3.65
- Slippage, 4 orders
- −$83.43
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $6.42
- Costs to cover
- 1.044%
- Break-even
- 6.6 days
Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 1 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 Bybit live order book, 3 min ago | 5.25 bp | 30.2 bp −$30 | 197.1 bp −$1,971 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 0.53 bp | 12.5 bp −$12 | 80.0 bp −$800 | 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 | 95.060 | −0.168% | $2K | $769K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.940 | −0.294% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.694 | −0.552% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.920 | −0.315% | $825 | $1K | 10x | as long as short |
| Lighter ZHIPU | +0.0104% | 1h | 95.180 | −0.042% | $100K | $17K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0184% | 8h | 95.240 | +0.021% | $3.2M | $11.9M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 94.962 | −0.271% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0558% | 1h | 94.810 | −0.431% | $33K | $23K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.0863% | 4h | 94.990 | −0.242% | $21K | $350K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0914% | 8h | 94.970 | −0.263% | $53K | $53K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Lighter ZHIPU
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 | +0.0935% | 1h | 95.100 | −0.126% | $26.8M | $7.7M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0994% | 4h | 94.970 | −0.263% | $38K | $119K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1090% | 4h | 95.180 | −0.042% | $22.4M | $66.2M | 25x | as long as short |
| Bybit ZHIPUUSDTlong | +0.1475% | 8h | 95.220 | long leg | $357K | $1.5M | 25x | |
| Bitget ZHIPUUSDT | +0.1617% | 8h | 95.230 | +0.011% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1938% | 4h | 95.365 | +0.152% | $20K | $154K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1986% | 8h | 95.250 | +0.032% | $5.4M | $18.4M | 25x |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC