Funding you earn now, next payment 08:00 UTC−0.0966%/8h= −105.8% APRpaid last 24h −0.012%
Price spread now: HTX against OKX−0.177%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$580.581% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.177%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and HTX is 0.086% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.220% in total (about -11.5% 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 | OKX ZHIPU-USDT-SWAP | 96.030 | 0.2009 | pay 0.2009% / 8h | 1h 37m | $5.5M | $18.6M | 25x |
| Short | HTX ZHIPU-USDT | 95.860 | 0.1043 | get 0.0521% / 4h | 1h 37m | $21K | $351K | 20x |
OKX ZHIPU-USDT-SWAP
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$202.92
- Price spread: −0.177% → −0.091%
- −$8.63
- Slippage, 4 orders
- −$36.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$269.66
- Costs to cover
- 0.581%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; HTX: live order book, 5 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 | 1.04 bp | 13.6 bp −$14 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 5.21 bp | 19.0 bp −$19 | 36.7 bp −$367 | 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 | 95.940 | −0.094% | $1K | $780K | 10x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 95.990 | −0.042% | $101K | $17K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.750 | −0.292% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.680 | −0.365% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.820 | −0.219% | $832 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0185% | 8h | 96.110 | +0.083% | $3.2M | $11.8M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0272% | 1h | 95.840 | −0.198% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0748% | 1h | 95.800 | −0.240% | $33K | $23K | 5x | as long as short |
| Aster ZHIPUUSDT | +0.0926% | 8h | 96.115 | +0.088% | $53K | $58K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0988% | 4h | 96.030 | 0.000% | $38K | $119K | 20x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDTshort | +0.1043% | 4h | 95.860 | −0.177% | $21K | $351K | 20x | |
| tradeXYZ xyz:ZHIPU | +0.1110% | 1h | 95.956 | −0.077% | $27.0M | $7.7M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1155% | 4h | 95.970 | −0.062% | $22.7M | $66.4M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.1576% | 8h | 95.990 | −0.042% | $360K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1621% | 8h | 96.060 | +0.031% | $1.7M | $4.3M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.2009% | 8h | 96.030 | long leg | $5.5M | $18.6M | 25x | |
| edgeX ZHIPUUSDC | +0.2054% | 4h | 95.820 | −0.219% | $20K | $154K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC