Funding you earn now, next payment 04:00 UTC−0.1510%/8h= −165.3% APRpaid last 24h −0.098%
Price spread now: tradeXYZ against edgeX−0.573%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.075%−$8 on $10k
+Price spread, last 4 days (all we have)+0.600%+$60 · spread now −0.573%, 7d avg +0.009%
=Together, before fees+0.525%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board+$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and tradeXYZ is 0.581% cheaper against edgeX than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% 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 | edgeX ZHIPUUSDC | 98.298 | 0.2809 | pay 0.1405% / 4h | 59m 25s | $19K | $151K | 10x |
| Short | tradeXYZ xyz:ZHIPU | 97.735 | 0.1299 | get 0.0162% / 1h | 59m 25s | $27.3M | $6.9M | 10x |
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against edgeX. 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
- −$317.07
- Price spread: −0.573% → +0.009%
- −$58.15
- Slippage, 4 orders
- −$63.41
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$465.62
- Costs to cover
- 0.904%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 62 min ago; tradeXYZ: live order book, 10 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 edgeX live order book, 62 min ago | 12.88 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 2.43 bp | 12.7 bp −$13 | doesn't fit | 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 | 97.920 | −0.384% | $1K | $864K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 97.670 | −0.639% | $35K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 97.970 | −0.333% | $37K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 97.477 | −0.835% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 97.660 | −0.649% | $576 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0152% | 1h | 97.742 | −0.565% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0383% | 8h | 97.830 | −0.476% | $3.0M | $10.9M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0605% | 8h | 97.646 | −0.663% | $50K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1102% | 4h | 98.220 | −0.079% | $18K | $324K | 20x | as long as short |
| tradeXYZ xyz:ZHIPUshort | +0.1299% | 1h | 97.735 | −0.573% | $27.3M | $6.9M | 10x |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1328% | 1h | 97.560 | −0.751% | $103K | $20K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1386% | 8h | 97.870 | −0.435% | $1.9M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1524% | 4h | 97.510 | −0.801% | $39K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1631% | 8h | 97.960 | −0.344% | $5.5M | $15.8M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2233% | 4h | 97.670 | −0.639% | $22.6M | $58.9M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2736% | 8h | 97.870 | −0.435% | $364K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDClong | +0.2809% | 4h | 98.298 | long leg | $19K | $151K | 10x |
Lighter ZHIPU
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT