Funding you earn now, next payment 04:00 UTC−0.0821%/8h= −89.9% APRpaid last 24h −0.111%
Price spread now: OKX against Binance+0.276%7-day average +0.128% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 2 days (all we have)−0.183%−$18 · spread now +0.276%, 7d avg +0.128%
=The price spread pays, funding is against you. OKX is 0.148% dearer against Binance than usual: you sell high and buy low (spread +0.276% now, against its 7-day average of +0.128%): +$15 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 14 hours. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment. 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 | Binance ZHIPUUSDT | 99.346 | 0.1770 | pay 0.0885% / 4h | 1h 48m | $22.0M | $56.7M | 25x |
| Short | OKX ZHIPU-USDT-SWAP | 99.620 | 0.0949 | get 0.0949% / 8h | 5h 48m | $5.3M | $15.9M | 25x |
Binance ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Binance. 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
- −$172.37
- Price spread: +0.276% → +0.128%
- $14.83
- Slippage, 4 orders
- −$33.93
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$211.47
- Costs to cover
- 0.539%
- Break-even
- never at this rate
Slippage from Binance: live order book, 8 min ago; OKX: live order book, 4 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 Binance live order book, 8 min ago | 2.47 bp | 12.5 bp −$12 | 33.8 bp −$338 | 145.5 bp −$14.6K | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.99 bp | 18.0 bp −$18 | 64.8 bp −$648 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 99.780 | +0.437% | $1K | $978K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0041% | 8h | 99.540 | +0.195% | $51K | $51K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 99.430 | +0.085% | $35K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.254 | −0.093% | $25K | $2K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 99.440 | +0.095% | $51 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 99.543 | +0.198% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0265% | 8h | 99.580 | +0.236% | $3.0M | $10.3M | 50x | as long as short |
| HTX ZHIPU-USDT | +0.0842% | 4h | 99.430 | +0.085% | $18K | $308K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0847% | 1h | 100.72 | +1.383% | $36K | $18K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.0854% | 8h | 99.540 | +0.195% | $2.0M | $3.7M | 20x | as long as short |
SunX ZHIPU-USDT
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
HTX ZHIPU-USDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0932% | 4h | 99.440 | +0.095% | $40K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0949% | 8h | 99.620 | +0.276% | $5.3M | $15.9M | 25x | |
| Lighter ZHIPU | +0.1192% | 1h | 99.430 | +0.085% | $105K | $20K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1767% | 1h | 99.494 | +0.149% | $27.5M | $6.4M | 10x | as long as short |
| Binance ZHIPUUSDTlong | +0.1770% | 4h | 99.346 | long leg | $22.0M | $56.7M | 25x | |
| edgeX ZHIPUUSDC | +0.2247% | 4h | 100.62 | +1.286% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2550% | 8h | 99.460 | +0.115% | $373K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT