Funding you earn now, next payment 08:00 UTC+0.0548%/8h= +60.0% APRpaid last 24h +0.185%
Price spread now: Binance against Gate+0.096%7-day average −0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$640.643% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days−0.175%−$18 · spread now +0.096%, 7d avg −0.093%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Binance is 0.189% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.093%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% 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 | Gate ZHIPU_USDT | 94.120 | 0 | get 0.0000% / 8h | 2h 51m | $2.9M | $11.6M | 50x |
| Short | Binance ZHIPUUSDT | 94.210 | 0.0548 | get 0.0274% / 4h | 2h 51m | $21.9M | $65.7M | 25x |
Gate ZHIPU_USDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $115.08
- Price spread: +0.096% → −0.093%
- $18.94
- Slippage, 4 orders
- −$39.29
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $69.73
- Costs to cover
- 0.643%
- Break-even
- 2.8 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 6 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 Gate live order book, 2 min ago | 7.36 bp | 21.3 bp −$21 | 48.9 bp −$489 | 83.4 bp −$8,345 | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.15 bp | 13.7 bp −$14 | 48.6 bp −$486 | 145.3 bp −$14.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDTlong | 0.0000% | 8h | 94.120 | long leg | $2.9M | $11.6M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.980 | +0.914% | $1K | $848K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.160 | +0.042% | $21K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.030 | −0.096% | $99K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.100 | −0.021% | $33K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 94.040 | −0.085% | $35K | $20K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.169 | +0.052% | $26K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.110 | −0.011% | $818 | $1K | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0144% | 1h | 94.087 | −0.035% | — | — | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0312% | 1h | 94.401 | +0.299% | $26.4M | $7.3M | 10x | as long as short |
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
tradeXYZ xyz:ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0392% | 4h | 94.090 | −0.032% | $38K | $122K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0419% | 8h | 94.421 | +0.320% | $49K | $51K | 20x | as long as short |
| Binance ZHIPUUSDTshort | +0.0548% | 4h | 94.210 | +0.096% | $21.9M | $65.7M | 25x | |
| edgeX ZHIPUUSDC | +0.1039% | 4h | 94.989 | +0.924% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1087% | 8h | 94.310 | +0.202% | $264K | $1.4M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1170% | 8h | 94.360 | +0.255% | $1.7M | $4.2M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1567% | 8h | 94.410 | +0.308% | $5.5M | $17.6M | 25x | as long as short |
KuCoin ZHIPUUSDTM
Aster ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP