Funding you earn now, next payment 02:00 UTC−0.1762%/8h= −192.9% APRpaid last 24h −0.153%
Price spread now: OKX against tradeXYZ+0.367%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$490.488% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 7 days−0.351%−$35 · spread now +0.367%, 7d avg −0.020%
=Together, before fees−0.771%+ Points / potential airdroptradeXYZ: Active · farm board−$77 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.386% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.367% now, against its 7-day average of −0.020%): +$39 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.420% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.420% in total (about -21.9% 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 | tradeXYZ xyz:ZHIPU | 106.35 | 0.2059 | pay 0.0257% / 1h | 58m 54s | $29.1M | $7.9M | 10x |
| Short | OKX ZHIPU-USDT-SWAP | 106.74 | 0.0298 | get 0.0298% / 8h | 6h 58m | $5.1M | $18.9M | 25x |
tradeXYZ xyz:ZHIPU
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against tradeXYZ. 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
- −$369.98
- Price spread: +0.367% → −0.020%
- $38.65
- Slippage, 4 orders
- −$20.85
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$380.18
- Costs to cover
- 0.488%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; OKX: 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 tradeXYZ live order book, 10 min ago | 1.41 bp | 13.5 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 0.47 bp | 12.7 bp −$13 | 64.3 bp −$643 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.92 | −0.400% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.54 | +0.179% | $2K | $1.2M | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0030% | 8h | 106.49 | +0.132% | $3.0M | $10.1M | 50x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.26 | −0.085% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.30 | −0.050% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.22 | −0.120% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0112% | 1h | 106.34 | −0.009% | $112K | $20K | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0172% | 8h | 106.18 | −0.160% | $55 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0244% | 4h | 106.14 | −0.197% | $42K | $128K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0298% | 8h | 106.74 | +0.367% | $5.1M | $18.9M | 25x |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Lighter ZHIPU
Orderly PERP_ZHIPU_USDC_mythos
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0319% | 8h | 106.51 | +0.150% | $1.9M | $4.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0798% | 4h | 106.26 | −0.085% | $19K | $314K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0956% | 4h | 106.33 | −0.018% | $21.4M | $57.2M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1820% | 4h | 106.22 | −0.126% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPUlong | +0.2059% | 1h | 106.35 | long leg | $29.1M | $7.9M | 10x | |
| Bybit ZHIPUUSDT | +0.2123% | 8h | 106.38 | +0.028% | $406K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.2276% | 1h | 106.29 | −0.056% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
HTX ZHIPU-USDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P