Funding you earn now, next payment 12:00 UTC−0.1493%/8h= −163.5% APRpaid last 24h −0.377%
Price spread now: Gate against edgeX−0.477%52s7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$710.706% of the position
Funding, last 7 days−0.591%−$59 on $10k
+Price spread, last 4 days (all we have)+0.409%+$41 · spread now −0.477%, 7d avg −0.025%
=Together, before fees−0.183%+ Points / potential airdropedgeX: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and Gate is 0.452% cheaper against edgeX than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.025%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.591% in total (about -30.8% 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 | edgeX ZHIPUUSDC | 94.461 | 0.1493 | pay 0.0747% / 4h | 3h 36m | $20K | $151K | 10x |
| Short | Gate ZHIPU_USDT | 94.010 | 0 | get 0.0000% / 8h | 7h 36m | $3.2M | $10.0M | 50x |
edgeX ZHIPUUSDC
Gate ZHIPU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- −$313.56
- Price spread: −0.477% → −0.025%
- −$45.24
- Slippage, 4 orders
- −$46.6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$429.39
- Costs to cover
- 0.706%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 60 min ago; Gate: live order book, 2 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 edgeX live order book, 60 min ago | 5.26 bp | 23.1 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 5.84 bp | 19.0 bp −$19 | 51.7 bp −$517 | 88.0 bp −$8,796 | 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_USDTshort | 0.0000% | 8h | 94.010 | −0.477% | $3.2M | $10.0M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.260 | −0.212% | $2K | $405K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.220 | −0.255% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.216 | −0.259% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.420 | −0.043% | $820 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0208% | 1h | 94.391 | −0.073% | — | — | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0316% | 4h | 94.200 | −0.276% | $20K | $337K | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.0555% | 8h | 94.190 | −0.286% | $351K | $1.2M | 25x | as long as short |
| Lighter ZHIPU | +0.0560% | 1h | 94.260 | −0.212% | $99K | $16K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0710% | 8h | 94.446 | −0.015% | $53K | $33K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
HTX ZHIPU-USDT
Bybit ZHIPUUSDT
Lighter ZHIPU
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0890% | 1h | 94.236 | −0.238% | $26.5M | $6.9M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0992% | 4h | 94.240 | −0.234% | $38K | $164K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1080% | 4h | 94.060 | −0.424% | $22.0M | $55.5M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1082% | 1h | 93.880 | −0.615% | $32K | $20K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.1442% | 8h | 94.080 | −0.403% | $1.6M | $3.9M | 20x | as long as short |
| edgeX ZHIPUUSDClong | +0.1493% | 4h | 94.461 | long leg | $20K | $151K | 10x | |
| OKX ZHIPU-USDT-SWAP | +0.1817% | 8h | 94.020 | −0.466% | $5.1M | $14.9M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP