Funding you earn now, next payment 12:00 UTC−0.0752%/8h= −82.3% APRpaid last 24h −0.112%
Price spread now: HTX against Bitget−0.011%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$520.524% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.011%, 7d avg −0.063%
=The price spread pays, funding is against you. HTX is 0.052% dearer against Bitget than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.063%): +$5 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.156% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZHIPUUSDT | 94.950 | 0.0752 | pay 0.0752% / 8h | 5h 43m | $1.6M | $4.0M | 20x |
| Short | HTX ZHIPU-USDT | 94.940 | 0 | get 0.0000% / 4h | 1h 43m | $16K | $347K | 20x |
Bitget ZHIPUUSDT
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$157.92
- Price spread: −0.011% → −0.063%
- $5.21
- Slippage, 4 orders
- −$28.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$205.12
- Costs to cover
- 0.524%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; HTX: 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 Bitget live order book, 3 min ago | 3.16 bp | 15.4 bp −$15 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell HTX live order book, 3 min ago | 2.63 bp | 16.3 bp −$16 | 31.2 bp −$312 | doesn't fit | doesn't fit |
ZHIPU on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.990 | +0.042% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.940 | −0.011% | $1K | $395K | 10x | as long as short |
| HTX ZHIPU-USDTshort | 0.0000% | 4h | 94.940 | −0.011% | $16K | $347K | 20x | |
| Lighter ZHIPU | +0.0032% | 1h | 94.790 | −0.169% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.900 | −0.053% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.896 | −0.056% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.900 | −0.053% | $39K | $275K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.900 | −0.053% | $824 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.891 | −0.062% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0132% | 8h | 94.778 | −0.181% | $54K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0399% | 4h | 94.900 | −0.053% | $22.0M | $55.8M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.0595% | 8h | 94.940 | −0.011% | $356K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0670% | 1h | 94.880 | −0.074% | $26.6M | $6.9M | 10x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0752% | 8h | 94.950 | long leg | $1.6M | $4.0M | 20x | |
| Ondo Perps ZHIPU-USD.P | +0.0856% | 1h | 94.950 | 0.000% | $32K | $19K | 5x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1173% | 8h | 94.990 | +0.042% | $5.1M | $15.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1353% | 4h | 94.835 | −0.121% | $20K | $152K | 10x | as long as short |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC