ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0298%/8h= +32.7% APRnext payment +$1.49 per $10,000 · paid last 24h +0.139%

Price spread now: Binance against HTX+0.024%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$470.470% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 2 days (all we have)−0.028%−$3 · spread now +0.024%, 7d avg +0.025%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.49 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	HTX ZHIPU-USDT	106.32	0.1040	pay 0.0520% / 4h	2h 36m	$19K	$308K	20x
Short	Binance ZHIPUUSDT	106.35	0.1338	get 0.0669% / 4h	2h 36m	$21.9M	$56.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee BinancebpOrdersPrice spread, now +0.024%Rate

Funding earned: $62.67
Price spread: +0.024% → +0.025%: −$0.12
Slippage, 4 orders: −$24.95
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $15.59
Costs to cover: 0.470%
Break-even: 5.3 days

Slippage from HTX: live order book, 31 min ago; Binance: live order book, 6 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 HTX live order book, 31 min ago	3.76 bp	13.7 bp −$14	41.1 bp −$411	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.47 bp	10.9 bp −$11	47.3 bp −$473	170.1 bp −$17.0K	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	106.26	−0.054%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.16	−0.150%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.25	−0.066%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.33	+0.006%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.24	−0.073%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0161%	8h	106.59	+0.254%	$2.9M	$10.6M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0202%	8h	106.25	−0.066%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0406%	8h	106.72	+0.376%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.0439%	8h	106.48	+0.150%	$2.0M	$4.4M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0462%	4h	106.34	+0.019%	$43K	$128K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.0752%	1h	106.50	+0.169%	$113K	$20K	10x	as long as short
HTX ZHIPU-USDTlong	+0.1040%	4h	106.32	long leg	$19K	$308K	20x
Binance ZHIPUUSDTshort	+0.1338%	4h	106.35	+0.024%	$21.9M	$56.4M	25x
edgeX ZHIPUUSDC	+0.1555%	4h	106.20	−0.115%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1833%	1h	106.35	+0.028%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2373%	8h	106.32	0.000%	$402K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2756%	1h	106.62	+0.282%	$37K	$24K	5x	as long as short