Funding you earn now, next payment 00:00 UTC+0.0317%/8h= +34.7% APRnext payment +$3.17 per $10,000 · paid last 24h +0.020%
Price spread now: Bitget against Gate−0.038%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$890.894% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now −0.038%, 7d avg −0.029%
=The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.078%, 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 -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.17 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 | Gate ZHIPU_USDT | 104.84 | 0.0065 | pay 0.0065% / 8h | 2h 21m | $2.8M | $13.7M | 50x |
| Short | Bitget ZHIPUUSDT | 104.80 | 0.0382 | get 0.0382% / 8h | 2h 21m | $1.7M | $4.4M | 20x |
Gate ZHIPU_USDT
Bitget ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $66.57
- Price spread: −0.038% → −0.029%
- −$0.9
- Slippage, 4 orders
- −$62.39
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$23.73
- Costs to cover
- 0.894%
- Break-even
- 9.5 days
Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago | 3.34 bp | 20.2 bp −$20 | 50.1 bp −$501 | 83.0 bp −$8,302 | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.91 bp | 33.2 bp −$33 | 70.5 bp −$705 | 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 | 104.85 | +0.014% | $54K | $51K | 20x | as long as short |
| Binance ZHIPUUSDT | 0.0000% | 4h | 104.74 | −0.100% | $20.8M | $56.9M | 25x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 104.81 | −0.029% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 104.72 | −0.114% | $19K | $317K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 104.84 | 0.000% | $119K | $9K | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.0037% | 4h | 104.87 | +0.025% | $21K | $149K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0050% | 1h | 104.88 | +0.038% | $29.3M | $7.6M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 104.83 | −0.010% | $37K | $3K | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0065% | 8h | 104.84 | long leg | $2.8M | $13.7M | 50x | |
| Nado ZHIPU-PERP | +0.0100% | 1h | 104.88 | +0.034% | $23K | $145 | 3x | as long as short |
Aster ZHIPUUSDT
Binance ZHIPUUSDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 104.75 | −0.086% | $41K | $137K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0144% | 1h | 104.72 | −0.116% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0203% | 8h | 104.70 | −0.134% | $76 | $266 | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0259% | 1h | 104.75 | −0.086% | $40K | $19K | 5x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0321% | 8h | 104.86 | +0.019% | $4.8M | $18.4M | 25x | as long as short |
| Bitget ZHIPUUSDTshort | +0.0382% | 8h | 104.80 | −0.038% | $1.7M | $4.4M | 20x | |
| Bybit ZHIPUUSDT | +0.0615% | 8h | 104.81 | −0.029% | $303K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Ondo Perps ZHIPU-USD.P
OKX ZHIPU-USDT-SWAP
Bybit ZHIPUUSDT