Funding you earn now, next payment 16:00 UTC−0.0405%/8h= −44.4% APRnext payment −$4.05 per $10,000 · paid last 24h −0.025%
Price spread now: Bitget against OKX+0.011%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.011%, 7d avg −0.023%
=The price spread pays, funding is against you. Bitget is 0.033% dearer against OKX than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.023%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.079% in total) that is about 3.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.05 per $10,000. 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 | OKX ZHIPU-USDT-SWAP | 94.770 | 0.1330 | pay 0.1330% / 8h | 6h 15m | $5.1M | $15.3M | 25x |
| Short | Bitget ZHIPUUSDT | 94.780 | 0.0925 | get 0.0925% / 8h | 6h 15m | $1.6M | $4.0M | 20x |
OKX ZHIPU-USDT-SWAP
Bitget ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$85.12
- Price spread: +0.011% → −0.023%
- $3.32
- Slippage, 4 orders
- −$26.1
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$129.9
- Costs to cover
- 0.481%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Bitget: 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 OKX live order book, 1 min ago | 0.53 bp | 9.0 bp −$9 | 22.6 bp −$226 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.64 bp | 16.0 bp −$16 | 29.7 bp −$297 | 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 | 94.780 | +0.011% | $3.3M | $10.2M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.790 | +0.021% | $1K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.730 | −0.042% | $15K | $346K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.610 | −0.169% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.700 | −0.074% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.711 | −0.062% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.760 | −0.011% | $39K | $244K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.690 | −0.084% | $823 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.704 | −0.070% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0273% | 8h | 94.672 | −0.103% | $54K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX 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 | +0.0490% | 4h | 94.698 | −0.076% | $21.9M | $55.6M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0516% | 1h | 94.683 | −0.092% | $26.6M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0674% | 8h | 94.800 | +0.032% | $355K | $1.2M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0746% | 1h | 94.810 | +0.042% | $32K | $19K | 5x | as long as short |
| Bitget ZHIPUUSDTshort | +0.0925% | 8h | 94.780 | +0.011% | $1.6M | $4.0M | 20x | |
| edgeX ZHIPUUSDC | +0.1299% | 4h | 94.697 | −0.077% | $20K | $152K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1330% | 8h | 94.770 | long leg | $5.1M | $15.3M | 25x |
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC