Funding you earn now, next payment 08:00 UTC+0.0238%/8h= +26.0% APRnext payment +$2.38 per $10,000 · paid last 24h +0.043%
Price spread now: OKX against Gate+0.066%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.176%−$18 · spread now +0.066%, 7d avg −0.007%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.073% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.007%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.38 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 | Gate ZHIPU_USDT | 106.23 | 0.0168 | pay 0.0168% / 8h | 6h 37m | $2.9M | $10.6M | 50x |
| Short | OKX ZHIPU-USDT-SWAP | 106.30 | 0.0406 | get 0.0406% / 8h | 6h 37m | $5.1M | $18.3M | 25x |
Gate ZHIPU_USDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Gate. 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
- $49.93
- Price spread: +0.066% → −0.007%
- $7.31
- Slippage, 4 orders
- −$34.27
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$2.02
- Costs to cover
- 0.593%
- Break-even
- 7.3 days
Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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 Gate live order book, 1 min ago | 3.77 bp | 17.5 bp −$18 | 43.8 bp −$438 | 78.7 bp −$7,867 | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.41 bp | 14.6 bp −$15 | 97.8 bp −$978 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 106.35 | +0.114% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.16 | −0.066% | $1K | $1.1M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.13 | −0.094% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.27 | +0.034% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.22 | −0.009% | — | — | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0168% | 8h | 106.23 | long leg | $2.9M | $10.6M | 50x | |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0204% | 8h | 106.25 | +0.019% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0406% | 8h | 106.30 | +0.066% | $5.1M | $18.3M | 25x | |
| Bitget ZHIPUUSDT | +0.0446% | 8h | 106.20 | −0.028% | $2.0M | $4.4M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0470% | 4h | 106.21 | −0.019% | $43K | $128K | 20x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.0848% | 1h | 106.27 | +0.038% | $112K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1088% | 4h | 106.10 | −0.122% | $19K | $308K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1357% | 4h | 106.11 | −0.113% | $21.8M | $56.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1555% | 4h | 106.20 | −0.031% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1923% | 1h | 106.25 | +0.019% | $29.0M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2443% | 8h | 106.11 | −0.113% | $403K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.2853% | 1h | 105.81 | −0.395% | $37K | $24K | 5x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P