Funding you earn now, next payment 08:00 UTC+0.1222%/8h= +133.8% APRnext payment +$12.22 per $10,000 · paid last 24h +0.054%
Price spread now: Bybit against OKX−0.142%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1131.127% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.163%+$16 · spread now −0.142%, 7d avg +0.005%
=Funding pays, the price is against you. Bybit is 0.147% cheaper against OKX than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.005%). If the spread goes back, that is −$15 on $10k: about 10 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.011% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.22 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 | OKX ZHIPU-USDT-SWAP | 98.890 | 0.1573 | pay 0.1573% / 8h | 5h 03m | $5.4M | $15.6M | 25x |
| Short | Bybit ZHIPUUSDT | 98.750 | 0.2794 | get 0.2794% / 8h | 5h 03m | $363K | $1.3M | 25x |
OKX ZHIPU-USDT-SWAP
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $256.61
- Price spread: −0.142% → +0.005%
- −$14.69
- Slippage, 4 orders
- −$91.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $129.23
- Costs to cover
- 1.127%
- Break-even
- 3.5 days
Slippage from OKX: live order book, 5 min ago; Bybit: 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 OKX live order book, 5 min ago | 1.01 bp | 16.9 bp −$17 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 6.06 bp | 43.3 bp −$43 | 90.7 bp −$907 | 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 | 99.250 | +0.364% | $2K | $863K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 98.990 | +0.101% | $35K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 98.942 | +0.052% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 98.970 | +0.081% | $583 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0136% | 1h | 99.044 | +0.156% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0446% | 8h | 99.080 | +0.192% | $3.3M | $11.2M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0588% | 8h | 98.876 | −0.014% | $51K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1147% | 4h | 99.060 | +0.172% | $18K | $323K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1147% | 1h | 99.070 | +0.182% | $37K | $21K | 5x | as long as short |
| Lighter ZHIPU | +0.1360% | 1h | 98.720 | −0.172% | $104K | $20K | 10x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Aster ZHIPUUSDT
HTX ZHIPU-USDT
Ondo Perps ZHIPU-USD.P
Lighter ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.1370% | 8h | 98.700 | −0.192% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1536% | 4h | 98.970 | +0.081% | $40K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1573% | 8h | 98.890 | long leg | $5.4M | $15.6M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.1768% | 1h | 98.613 | −0.280% | $27.6M | $6.8M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.2257% | 4h | 98.538 | −0.356% | $22.8M | $58.5M | 25x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2794% | 8h | 98.750 | −0.142% | $363K | $1.3M | 25x | |
| edgeX ZHIPUUSDC | +0.3161% | 4h | 99.169 | +0.282% | $19K | $150K | 10x | as long as short |
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC