Funding you earn now, next payment 16:00 UTC+0.1703%/8h= +186.5% APRnext payment +$17.03 per $10,000 · paid last 24h +0.175%
Price spread now: OKX against Gate+0.042%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$580.583% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 7 days−0.039%−$4 · spread now +0.042%, 7d avg −0.003%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and OKX is 0.045% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.03 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 | 94.630 | 0.0180 | pay 0.0180% / 8h | 7h 42m | $3.2M | $9.9M | 50x |
| Short | OKX ZHIPU-USDT-SWAP | 94.670 | 0.1883 | get 0.1883% / 8h | 7h 42m | $5.2M | $14.9M | 25x |
Gate ZHIPU_USDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $357.73
- Price spread: +0.042% → −0.003%
- $4.48
- Slippage, 4 orders
- −$33.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $303.86
- Costs to cover
- 0.583%
- Break-even
- 1.1 days
Slippage from Gate: live order book, 1 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 Gate live order book, 1 min ago | 3.17 bp | 15.2 bp −$15 | 49.7 bp −$497 | 88.1 bp −$8,807 | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.11 bp | 14.1 bp −$14 | 70.6 bp −$706 | 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 | 94.760 | +0.137% | $1K | $406K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.500 | −0.137% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.519 | −0.117% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.560 | −0.074% | $822 | $798 | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0180% | 8h | 94.630 | long leg | $3.2M | $9.9M | 50x | |
| Aevo ZHIPU-PERP | +0.0232% | 1h | 94.554 | −0.080% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0743% | 8h | 94.510 | −0.127% | $53K | $33K | 20x | as long as short |
| Lighter ZHIPU | +0.0952% | 1h | 94.690 | +0.063% | $100K | $16K | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1140% | 4h | 94.580 | −0.053% | $38K | $155K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1193% | 4h | 94.530 | −0.106% | $22.1M | $55.1M | 25x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Lighter ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1442% | 1h | 94.502 | −0.135% | $26.7M | $6.9M | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1523% | 8h | 94.610 | −0.021% | $1.6M | $3.8M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1558% | 1h | 94.700 | +0.074% | $32K | $21K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.1789% | 4h | 94.540 | −0.095% | $20K | $337K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1883% | 8h | 94.670 | +0.042% | $5.2M | $14.9M | 25x | |
| edgeX ZHIPUUSDC | +0.2132% | 4h | 94.774 | +0.152% | $20K | $152K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2200% | 8h | 94.590 | −0.042% | $357K | $1.2M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
HTX ZHIPU-USDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT