Funding you earn now, next payment 16:00 UTC−0.0421%/8h= −46.1% APRnext payment −$4.21 per $10,000 · paid last 24h −0.025%
Price spread now: Bitget against OKX−0.053%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$460.460% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.053%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Bitget is 0.030% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.21 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZHIPU-USDT-SWAP | 94.970 | 0.1206 | pay 0.1206% / 8h | 5h 51m | $5.1M | $15.3M | 25x |
| Short | Bitget ZHIPUUSDT | 94.920 | 0.0785 | get 0.0785% / 8h | 5h 51m | $1.6M | $4.0M | 20x |
OKX ZHIPU-USDT-SWAP
Bitget ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$88.36
- Price spread: −0.053% → −0.023%
- −$3
- Slippage, 4 orders
- −$23.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$137.3
- Costs to cover
- 0.460%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 4 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 OKX live order book, 5 min ago | 0.53 bp | 7.6 bp −$8 | 19.0 bp −$190 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.11 bp | 15.4 bp −$15 | 38.5 bp −$385 | doesn't fit | doesn't fit |
ZHIPU on 17 exchanges
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_USDT | 0.0000% | 8h | 94.950 | −0.021% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.970 | 0.000% | $1K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.930 | −0.042% | $16K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.750 | −0.232% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.850 | −0.126% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.864 | −0.112% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.940 | −0.032% | $39K | $266K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.830 | −0.147% | $824 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.814 | −0.165% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0163% | 8h | 94.737 | −0.246% | $54K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0387% | 4h | 94.888 | −0.086% | $21.9M | $55.7M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.0572% | 8h | 94.980 | +0.011% | $355K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0593% | 1h | 94.847 | −0.130% | $26.6M | $6.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0758% | 1h | 94.850 | −0.126% | $32K | $19K | 5x | as long as short |
| Bitget ZHIPUUSDTshort | +0.0785% | 8h | 94.920 | −0.053% | $1.6M | $4.0M | 20x | |
| edgeX ZHIPUUSDC | +0.0983% | 4h | 94.868 | −0.107% | $20K | $151K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1206% | 8h | 94.970 | long leg | $5.1M | $15.3M | 25x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC