ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1699%/8h= −186.0% APRnext payment −$16.99 per $10,000 · paid last 24h −0.043%

Price spread now: Gate against OKX0.000%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.528% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.057%+$6 · spread now 0.000%, 7d avg +0.005%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: −$51 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.99 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	96.260	0.1801	pay 0.1801% / 8h	3h 47m	$5.8M	$17.0M	25x
Short	Gate ZHIPU_USDT	96.260	0.0102	get 0.0102% / 8h	3h 47m	$2.9M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$356.73
Price spread: 0.000% → +0.005%: −$0.47
Slippage, 4 orders: −$27.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$410.01
Costs to cover: 0.528%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: 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 OKX live order book, 1 min ago	0.52 bp	11.4 bp −$11	53.2 bp −$532	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.15 bp	15.5 bp −$15	49.3 bp −$493	84.1 bp −$8,414	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	96.160	−0.104%	$1K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.110	−0.156%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	96.180	−0.083%	$101K	$20K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.208	−0.054%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.120	−0.145%	$567	$798	10x	as long as short
Gate ZHIPU_USDTshort	+0.0102%	8h	96.260	0.000%	$2.9M	$11.8M	50x
Aevo ZHIPU-PERP	+0.0184%	1h	96.083	−0.184%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0391%	4h	96.240	−0.021%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0581%	8h	95.869	−0.406%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0814%	1h	96.070	−0.197%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0992%	4h	96.190	−0.073%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1262%	4h	96.200	−0.062%	$22.6M	$63.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1341%	1h	96.193	−0.070%	$27.0M	$7.2M	10x	as long as short
Bitget ZHIPUUSDT	+0.1379%	8h	96.240	−0.021%	$1.9M	$4.0M	20x	as long as short
Bybit ZHIPUUSDT	+0.1601%	8h	96.200	−0.062%	$273K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.1801%	8h	96.260	long leg	$5.8M	$17.0M	25x
edgeX ZHIPUUSDC	+0.1854%	4h	96.237	−0.024%	$19K	$151K	10x	as long as short