Funding you earn now, next payment 08:00 UTC−0.1614%/8h= −176.7% APRnext payment −$16.14 per $10,000 · paid last 24h −0.043%
Price spread now: Gate against OKX+0.073%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Funding, last 7 days+0.005%$0 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.073%, 7d avg +0.005%
=The price spread pays, funding is against you. Gate is 0.068% dearer against OKX than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.005%): +$7 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 3 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.14 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 | OKX ZHIPU-USDT-SWAP | 95.940 | 0.1647 | pay 0.1647% / 8h | 3h 03m | $5.7M | $17.1M | 25x |
| Short | Gate ZHIPU_USDT | 96.010 | 0.0033 | get 0.0033% / 8h | 3h 03m | $2.9M | $11.9M | 50x |
OKX ZHIPU-USDT-SWAP
Gate ZHIPU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$338.91
- Price spread: +0.073% → +0.005%
- $6.83
- Slippage, 4 orders
- −$27.69
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$384.77
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 0.52 bp | 14.9 bp −$15 | 103.2 bp −$1,032 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 2.08 bp | 13.7 bp −$14 | 48.6 bp −$486 | 80.5 bp −$8,054 | 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 | 95.910 | −0.031% | $1K | $848K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 96.010 | +0.073% | $20K | $341K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 96.070 | +0.136% | $101K | $20K | 10x | as long as short |
| Gate ZHIPU_USDTshort | +0.0033% | 8h | 96.010 | +0.073% | $2.9M | $11.9M | 50x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.920 | −0.021% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.051 | +0.115% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.030 | +0.094% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0176% | 1h | 96.007 | +0.069% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0449% | 8h | 96.140 | +0.208% | $50K | $51K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0554% | 4h | 96.010 | +0.073% | $38K | $119K | 20x | as long as short |
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0703% | 1h | 96.025 | +0.089% | $26.9M | $7.2M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0713% | 1h | 96.270 | +0.344% | $36K | $20K | 5x | as long as short |
| Binance ZHIPUUSDT | +0.0812% | 4h | 95.941 | +0.001% | $22.5M | $63.7M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1151% | 4h | 96.080 | +0.146% | $19K | $151K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1255% | 8h | 96.040 | +0.104% | $266K | $1.4M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1257% | 8h | 96.010 | +0.073% | $1.8M | $4.1M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1647% | 8h | 95.940 | long leg | $5.7M | $17.1M | 25x |
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT