Funding you earn now, next payment 04:00 UTC−0.1482%/8h= −162.3% APRpaid last 24h −0.082%
Price spread now: HTX against Bybit−0.145%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1521.521% of the position
Funding, last 7 days−0.185%−$18 on $10k
+Price spread, last 4 days (all we have)+0.272%+$27 · spread now −0.145%, 7d avg −0.092%
=Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and HTX is 0.053% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.185% in total (about -9.6% 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 | Bybit ZHIPUUSDT | 96.530 | 0.2345 | pay 0.2345% / 8h | 4h 33m | $290K | $1.4M | 25x |
| Short | HTX ZHIPU-USDT | 96.390 | 0.0863 | get 0.0432% / 4h | 33m 41s | $18K | $327K | 20x |
Bybit ZHIPUUSDT
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. 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
- −$311.26
- Price spread: −0.145% → −0.092%
- −$5.27
- Slippage, 4 orders
- −$129.13
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$468.66
- Costs to cover
- 1.521%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 24 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 Bybit live order book, 2 min ago | 6.24 bp | 50.3 bp −$50 | 215.3 bp −$2,153 | doesn't fit | doesn't fit |
| Sell HTX live order book, 24 min ago | 5.62 bp | 12.7 bp −$13 | 35.8 bp −$358 | 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 | 96.450 | −0.083% | $2K | $843K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.410 | −0.124% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.241 | −0.300% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.350 | −0.186% | $568 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0232% | 1h | 96.418 | −0.116% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0283% | 8h | 96.680 | +0.155% | $3.0M | $11.5M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0410% | 1h | 95.990 | −0.559% | $36K | $20K | 5x | as long as short |
| Lighter ZHIPU | +0.0624% | 1h | 96.590 | +0.062% | $102K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0710% | 8h | 96.472 | −0.060% | $50K | $51K | 20x | as long as short |
| HTX ZHIPU-USDTshort | +0.0863% | 4h | 96.390 | −0.145% | $18K | $327K | 20x |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Lighter ZHIPU
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1040% | 1h | 96.500 | −0.031% | $27.2M | $7.2M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1470% | 4h | 96.470 | −0.062% | $39K | $124K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1501% | 8h | 96.680 | +0.155% | $1.9M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1832% | 8h | 96.730 | +0.207% | $5.6M | $16.3M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2070% | 4h | 96.474 | −0.058% | $22.5M | $60.5M | 25x | as long as short |
| Bybit ZHIPUUSDTlong | +0.2345% | 8h | 96.530 | long leg | $290K | $1.4M | 25x | |
| edgeX ZHIPUUSDC | +0.2739% | 4h | 96.656 | +0.131% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
edgeX ZHIPUUSDC