Funding you earn now, next payment 08:00 UTC−0.0539%/8h= −59.0% APRnext payment −$5.39 per $10,000 · paid last 24h −0.054%
Price spread now: OKX against Bybit+0.062%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1441.444% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days−0.076%−$8 · spread now +0.062%, 7d avg −0.005%
=The price spread pays, funding is against you. OKX is 0.067% dearer against Bybit than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.005%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.011% in total) that is about 42 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.39 per $10,000. 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 | Bybit ZHIPUUSDT | 96.490 | 0.2371 | pay 0.2371% / 8h | 4h 34m | $292K | $1.4M | 25x |
| Short | OKX ZHIPU-USDT-SWAP | 96.550 | 0.1832 | get 0.1832% / 8h | 4h 34m | $5.6M | $16.3M | 25x |
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$113.23
- Price spread: +0.062% → −0.005%
- $6.74
- Slippage, 4 orders
- −$123.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$250.85
- Costs to cover
- 1.444%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 4 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 Bybit live order book, 2 min ago | 6.24 bp | 50.3 bp −$50 | 215.3 bp −$2,153 | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.51 bp | 14.7 bp −$15 | 43.0 bp −$430 | 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 | 96.450 | −0.041% | $2K | $843K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.410 | −0.083% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.241 | −0.258% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.350 | −0.145% | $568 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0232% | 1h | 96.418 | −0.075% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0283% | 8h | 96.420 | −0.073% | $3.0M | $11.5M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0410% | 1h | 95.990 | −0.518% | $36K | $20K | 5x | as long as short |
| Lighter ZHIPU | +0.0624% | 1h | 96.400 | −0.093% | $101K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0709% | 8h | 96.430 | −0.062% | $50K | $51K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0863% | 4h | 96.390 | −0.104% | $18K | $327K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Lighter ZHIPU
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1059% | 1h | 96.377 | −0.117% | $27.1M | $7.1M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1470% | 4h | 96.380 | −0.114% | $39K | $124K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1501% | 8h | 96.540 | +0.052% | $1.9M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1832% | 8h | 96.550 | +0.062% | $5.6M | $16.3M | 25x | |
| Binance ZHIPUUSDT | +0.2087% | 4h | 96.431 | −0.061% | $22.5M | $60.5M | 25x | as long as short |
| Bybit ZHIPUUSDTlong | +0.2371% | 8h | 96.490 | long leg | $292K | $1.4M | 25x | |
| edgeX ZHIPUUSDC | +0.2739% | 4h | 96.656 | +0.172% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Bitget ZHIPUUSDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC