Funding you earn now, next payment 00:00 UTC−0.0826%/8h= −90.5% APRpaid last 24h −0.230%
Price spread now: OKX against edgeX+0.151%51s7-day average −0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2052.048% of the position
Funding, last 7 days−0.428%−$43 on $10k
+Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.151%, 7d avg −0.042%
=Together, before fees−0.641%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.193% dearer against edgeX than usual: you sell high and buy low (spread +0.151% now, against its 7-day average of −0.042%): +$19 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.428% in total) that is about 3.2 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.428% in total (about -22.3% 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 | edgeX ZHIPUUSDC | 105.23 | 0.0869 | pay 0.0435% / 4h | 40m 43s | $21K | $151K | 10x |
| Short | OKX ZHIPU-USDT-SWAP | 105.39 | 0.0043 | get 0.0043% / 8h | 40m 43s | $5.0M | $18.6M | 25x |
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against edgeX. 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
- −$173.56
- Price spread: +0.151% → −0.042%
- $19.34
- Slippage, 4 orders
- −$185.8
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$359.03
- Costs to cover
- 2.048%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 36 min ago; OKX: live order book, 3 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 edgeX live order book, 36 min ago | 11.93 bp | 95.2 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.47 bp | 8.8 bp −$9 | 68.1 bp −$681 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.04 | −0.186% | $54K | $51K | 20x | as long as short |
| Binance ZHIPUUSDT | 0.0000% | 4h | 105.16 | −0.068% | $20.9M | $57.2M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.32 | +0.084% | $2.9M | $13.3M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.29 | +0.056% | $2K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.17 | −0.058% | $19K | $316K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0043% | 8h | 105.39 | +0.151% | $5.0M | $18.6M | 25x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.17 | −0.058% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.27 | +0.040% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.17 | −0.058% | $41K | $130K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.17 | −0.058% | — | — | 10x | as long as short |
Aster ZHIPUUSDT
Binance ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0129% | 8h | 105.23 | −0.001% | $1.7M | $4.4M | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0204% | 8h | 105.17 | −0.058% | $76 | $266 | 10x | as long as short |
| Lighter ZHIPU | +0.0280% | 1h | 105.28 | +0.046% | $120K | $9K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0349% | 8h | 105.25 | +0.018% | $306K | $1.3M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0814% | 1h | 105.24 | +0.008% | $29.0M | $7.8M | 10x | as long as short |
| edgeX ZHIPUUSDClong | +0.0869% | 4h | 105.23 | long leg | $21K | $151K | 10x | |
| Ondo Perps ZHIPU-USD.P | +0.1095% | 1h | 105.16 | −0.068% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
Orderly PERP_ZHIPU_USDC_mythos
Lighter ZHIPU
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P