Funding you earn now, next payment 16:00 UTC+0.0388%/8h= +42.5% APRnext payment +$3.88 per $10,000 · paid last 24h +0.025%
Price spread now: OKX against Bitget+0.063%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$540.540% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.063%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and OKX is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.023%.
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 +$3.88 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 | Bitget ZHIPUUSDT | 94.780 | 0.1180 | pay 0.1180% / 8h | 6h 55m | $1.6M | $4.0M | 20x |
| Short | OKX ZHIPU-USDT-SWAP | 94.840 | 0.1568 | get 0.1568% / 8h | 6h 55m | $5.1M | $15.2M | 25x |
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $81.49
- Price spread: +0.063% → +0.023%
- $4.04
- Slippage, 4 orders
- −$32.03
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $31.5
- Costs to cover
- 0.540%
- Break-even
- 4.3 days
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 3 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 Bitget live order book, 3 min ago | 3.69 bp | 17.2 bp −$17 | 33.9 bp −$339 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.05 bp | 11.1 bp −$11 | 53.4 bp −$534 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.820 | +0.042% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.810 | +0.032% | $1K | $396K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.750 | −0.032% | $15K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.680 | −0.106% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.740 | −0.042% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.738 | −0.044% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.770 | −0.011% | $823 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0160% | 1h | 94.743 | −0.039% | — | — | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0430% | 4h | 94.710 | −0.074% | $38K | $206K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0486% | 8h | 94.541 | −0.252% | $53K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0750% | 4h | 94.740 | −0.042% | $22.0M | $55.6M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.1095% | 8h | 94.840 | +0.063% | $355K | $1.2M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1180% | 8h | 94.780 | long leg | $1.6M | $4.0M | 20x | |
| tradeXYZ xyz:ZHIPU | +0.1188% | 1h | 94.684 | −0.101% | $26.6M | $6.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1253% | 1h | 94.750 | −0.032% | $32K | $19K | 5x | as long as short |
| edgeX ZHIPUUSDC | +0.1568% | 4h | 94.710 | −0.074% | $20K | $151K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1568% | 8h | 94.840 | +0.063% | $5.1M | $15.2M | 25x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC