Funding you earn now, next payment 08:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h −0.140%
Price spread now: Bitget against Binance+0.022%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days+0.090%+$9 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now +0.022%, 7d avg +0.069%
=Funding pays, the price is against you. Bitget is 0.047% cheaper against Binance than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.069%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.090% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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 | Binance ZHIPUUSDT | 95.449 | 0.0724 | pay 0.0362% / 4h | 2h 24m | $22.8M | $67.9M | 25x |
| Short | Bitget ZHIPUUSDT | 95.470 | 0.1314 | get 0.1314% / 8h | 2h 24m | $1.7M | $4.3M | 20x |
Binance ZHIPUUSDT
Bitget ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $123.95
- Price spread: +0.022% → +0.069%
- −$4.67
- Slippage, 4 orders
- −$44.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $52.34
- Costs to cover
- 0.669%
- Break-even
- 4.0 days
Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 3 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 Binance live order book, 3 min ago | 2.11 bp | 11.8 bp −$12 | 45.5 bp −$455 | 139.4 bp −$13.9K | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.63 bp | 23.4 bp −$23 | 32.2 bp −$322 | 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 | 95.300 | −0.156% | $2K | $848K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0040% | 8h | 95.490 | +0.043% | $3.0M | $12.2M | 50x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.170 | −0.292% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.063 | −0.404% | $35K | $8K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.170 | −0.292% | $827 | $1K | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0176% | 1h | 95.149 | −0.314% | — | — | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0305% | 4h | 95.280 | −0.177% | $22K | $350K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0464% | 4h | 95.280 | −0.177% | $38K | $120K | 20x | as long as short |
| Lighter ZHIPU | +0.0472% | 1h | 95.320 | −0.135% | $100K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0574% | 8h | 95.160 | −0.303% | $52K | $57K | 20x | as long as short |
SunX ZHIPU-USDT
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
HTX ZHIPU-USDT
KuCoin ZHIPUUSDTM
Lighter ZHIPU
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0643% | 1h | 95.380 | −0.072% | $33K | $25K | 5x | as long as short |
| Binance ZHIPUUSDTlong | +0.0724% | 4h | 95.449 | long leg | $22.8M | $67.9M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.1016% | 1h | 95.219 | −0.241% | $26.8M | $7.9M | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.1026% | 4h | 94.834 | −0.644% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1224% | 8h | 95.410 | −0.041% | $349K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDTshort | +0.1314% | 8h | 95.470 | +0.022% | $1.7M | $4.3M | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.1719% | 8h | 95.440 | −0.009% | $5.5M | $18.2M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAP