Funding you earn now, next payment 04:00 UTC−0.1199%/8h= −131.3% APRpaid last 24h −0.170%
Price spread now: Orderly against tradeXYZ+0.506%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Orderly is 0.506% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.506% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$36 a day in funding at the current rate, which eats that in about 34 hours. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:ZHIPU | 97.735 | 0.1299 | pay 0.0162% / 1h | 59m 34s | $27.3M | $6.9M | 10x |
| Short | Orderly PERP_ZHIPU_USDC_mythos | 98.230 | 0.0100 | get 0.0100% / 8h | 4h 59m | $579 | $798 | 10x |
tradeXYZ xyz:ZHIPU
Orderly PERP_ZHIPU_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against tradeXYZ. 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
- −$251.84
- Price spread: +0.506% → 0.000%
- $50.65
- Slippage, 4 orders
- no order book: not counted
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$225.2
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: tradeXYZ: live order book, 10 min ago; Orderly: no order-book sample. Net counts fees only.
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 tradeXYZ live order book, 10 min ago | 2.43 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 98.520 | +0.803% | $1K | $864K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 98.250 | +0.527% | $35K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 97.970 | +0.240% | $37K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 97.477 | −0.264% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythosshort | +0.0100% | 8h | 98.230 | +0.506% | $579 | $798 | 10x | |
| Aevo ZHIPU-PERP | +0.0152% | 1h | 98.273 | +0.550% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0383% | 8h | 97.730 | −0.005% | $3.0M | $10.9M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0605% | 8h | 97.838 | +0.106% | $50K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1102% | 4h | 98.220 | +0.496% | $18K | $324K | 20x | as long as short |
| tradeXYZ xyz:ZHIPUlong | +0.1299% | 1h | 97.735 | long leg | $27.3M | $6.9M | 10x |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
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 | −0.179% | $103K | $20K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1386% | 8h | 97.710 | −0.026% | $1.9M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1524% | 4h | 97.580 | −0.159% | $39K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1615% | 8h | 98.030 | +0.302% | $5.5M | $15.8M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2233% | 4h | 97.570 | −0.169% | $22.5M | $58.9M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2736% | 8h | 97.800 | +0.067% | $364K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2809% | 4h | 98.298 | +0.576% | $19K | $151K | 10x | as long as short |
Lighter ZHIPU
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC