Funding you earn now, next payment 08:00 UTC+0.0998%/8h= +109.3% APRpaid last 24h +0.185%
Price spread now: Binance against Gate−0.169%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$580.577% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now −0.169%, 7d avg −0.093%
=Funding pays, the price is against you. Binance is 0.076% cheaper against Gate than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of −0.093%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$30 a day). Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% 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 | Gate ZHIPU_USDT | 95.950 | 0.0181 | pay 0.0181% / 8h | 1h 41m | $3.2M | $11.7M | 50x |
| Short | Binance ZHIPUUSDT | 95.788 | 0.1179 | get 0.0589% / 4h | 1h 41m | $22.6M | $66.6M | 25x |
Gate ZHIPU_USDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- $209.55
- Price spread: −0.169% → −0.093%
- −$7.64
- Slippage, 4 orders
- −$32.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $144.24
- Costs to cover
- 0.577%
- Break-even
- 2.2 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 16 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 Gate live order book, 2 min ago | 6.26 bp | 17.5 bp −$17 | 57.8 bp −$578 | 84.3 bp −$8,425 | doesn't fit |
| Sell Binance live order book, 16 min ago | 1.04 bp | 9.8 bp −$10 | 38.4 bp −$384 | 142.7 bp −$14.3K | 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 | 95.980 | +0.031% | $1K | $792K | 10x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 95.880 | −0.073% | $101K | $17K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.780 | −0.177% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.832 | −0.123% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.930 | −0.021% | $833 | $1K | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0181% | 8h | 95.950 | long leg | $3.2M | $11.7M | 50x | |
| Aevo ZHIPU-PERP | +0.0280% | 1h | 95.971 | +0.021% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0786% | 1h | 95.730 | −0.229% | $33K | $23K | 5x | as long as short |
| Aster ZHIPUUSDT | +0.0930% | 8h | 95.946 | −0.004% | $53K | $58K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0992% | 4h | 95.850 | −0.104% | $38K | $119K | 20x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.1113% | 4h | 95.920 | −0.031% | $21K | $352K | 20x | as long as short |
| Binance ZHIPUUSDTshort | +0.1179% | 4h | 95.788 | −0.169% | $22.6M | $66.6M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.1208% | 1h | 95.804 | −0.152% | $27.0M | $8.0M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1581% | 8h | 95.840 | −0.115% | $358K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1626% | 8h | 95.830 | −0.125% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1797% | 4h | 95.835 | −0.120% | $20K | $155K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.2017% | 8h | 95.870 | −0.083% | $5.4M | $18.6M | 25x | as long as short |
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP