Funding you earn now, next payment 04:00 UTC+0.1232%/8h= +134.9% APRpaid last 24h +0.306%
Price spread now: edgeX against Gate+0.149%67s7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as 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−$2162.156% of the position
Funding, last 7 days+0.475%+$48 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.149%, 7d avg +0.024%
=Together, before fees+0.356%+ Points / potential airdropedgeX: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and edgeX is 0.125% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.024%. The two prices were read 67 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 0.475% 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 | Gate ZHIPU_USDT | 106.68 | 0.0198 | pay 0.0198% / 8h | 6h 42m | $2.9M | $10.4M | 50x |
| Short | edgeX ZHIPUUSDC | 106.84 | 0.1430 | get 0.0715% / 4h | 2h 42m | $21K | $152K | 10x |
Gate ZHIPU_USDT
edgeX ZHIPUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $258.7
- Price spread: +0.149% → +0.024%
- $12.46
- Slippage, 4 orders
- −$191.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $55.58
- Costs to cover
- 2.156%
- Break-even
- 5.5 days
Slippage from Gate: live order book, 1 min ago; edgeX: live order book, 24 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, 1 min ago | 3.28 bp | 14.4 bp −$14 | 59.1 bp −$591 | 88.5 bp −$8,847 | doesn't fit |
| Sell edgeX live order book, 24 min ago | 11.27 bp | 91.6 bp −$92 | doesn't fit | 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 | 106.23 | −0.425% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.92 | +0.225% | $2K | $1.1M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.72 | +0.037% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.52 | −0.154% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.58 | −0.094% | — | — | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0198% | 8h | 106.68 | long leg | $2.9M | $10.4M | 50x | |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0207% | 8h | 106.55 | −0.122% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0414% | 8h | 106.75 | +0.066% | $5.1M | $18.4M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.0472% | 8h | 106.60 | −0.075% | $2.0M | $4.5M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0504% | 4h | 106.58 | −0.094% | $44K | $128K | 20x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAP
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1088% | 1h | 106.84 | +0.150% | $113K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1362% | 4h | 106.67 | −0.009% | $19K | $307K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1366% | 4h | 106.52 | −0.150% | $21.8M | $56.5M | 25x | as long as short |
| edgeX ZHIPUUSDCshort | +0.1430% | 4h | 106.84 | +0.149% | $21K | $152K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.2378% | 1h | 106.63 | −0.047% | $29.1M | $7.4M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2749% | 8h | 106.61 | −0.066% | $402K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.3316% | 1h | 107.29 | +0.572% | $37K | $24K | 5x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P