Funding you earn now, next payment 08:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h +0.140%
Price spread now: Binance against Bitget+0.027%7-day average −0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days−0.075%−$7 · spread now +0.027%, 7d avg −0.068%
=The price spread pays, funding is against you. Binance is 0.095% dearer against Bitget than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.068%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.090% in total) that is about 7.4 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 | Bitget ZHIPUUSDT | 95.240 | 0.1607 | pay 0.1607% / 8h | 1h 26m | $1.7M | $4.3M | 20x |
| Short | Binance ZHIPUUSDT | 95.266 | 0.1082 | get 0.0541% / 4h | 1h 26m | $22.4M | $66.3M | 25x |
Bitget ZHIPUUSDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$110.3
- Price spread: +0.027% → −0.068%
- $9.54
- Slippage, 4 orders
- −$34.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$156.81
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 16 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 Bitget live order book, 2 min ago | 4.73 bp | 15.5 bp −$15 | 45.8 bp −$458 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.09 bp | 11.6 bp −$12 | 37.8 bp −$378 | 144.5 bp −$14.5K | 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 | 95.310 | +0.073% | $2K | $770K | 10x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 95.280 | +0.042% | $100K | $17K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.170 | −0.073% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.044 | −0.205% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.180 | −0.063% | $827 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0180% | 8h | 95.230 | −0.010% | $3.2M | $11.9M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 95.183 | −0.060% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0543% | 1h | 95.050 | −0.199% | $33K | $23K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.0891% | 4h | 95.250 | +0.010% | $21K | $350K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0906% | 8h | 95.250 | +0.010% | $53K | $54K | 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
HTX ZHIPU-USDT
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0939% | 1h | 95.210 | −0.031% | $26.8M | $7.8M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0956% | 4h | 95.230 | −0.010% | $38K | $119K | 20x | as long as short |
| Binance ZHIPUUSDTshort | +0.1082% | 4h | 95.266 | +0.027% | $22.4M | $66.3M | 25x | |
| Bybit ZHIPUUSDT | +0.1496% | 8h | 95.320 | +0.084% | $356K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1607% | 8h | 95.240 | long leg | $1.7M | $4.3M | 20x | |
| edgeX ZHIPUUSDC | +0.1711% | 4h | 95.341 | +0.106% | $20K | $153K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1981% | 8h | 95.340 | +0.105% | $5.4M | $18.5M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP