Funding you earn now, next payment 12:00 UTC+0.1726%/8h= +189.0% APRpaid last 24h +0.377%
Price spread now: edgeX against Gate−0.159%67s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as 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−$2142.144% of the position
Funding, last 7 days+0.591%+$59 on $10k
+Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.159%, 7d avg +0.025%
=Together, before fees+0.818%+ Points / potential airdropedgeX: Active · farm board+$82 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.183% cheaper against Gate than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of +0.025%). If the spread goes back, that is −$18 on $10k: about 9 hours of funding at the current rate (+$52 a day). At the pace of the last 7 days (+0.591% in total) that is about 2.2 days. The two prices were read 67 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 | Gate ZHIPU_USDT | 94.820 | 0 | get 0.0000% / 8h | 6h 56m | $3.3M | $10.1M | 50x |
| Short | edgeX ZHIPUUSDC | 94.669 | 0.1726 | get 0.0863% / 4h | 2h 56m | $20K | $151K | 10x |
Gate ZHIPU_USDT
edgeX ZHIPUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $362.47
- Price spread: −0.159% → +0.025%
- −$18.35
- Slippage, 4 orders
- −$190.43
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $129.69
- Costs to cover
- 2.144%
- Break-even
- 4.5 days
Slippage from Gate: live order book, 2 min ago; edgeX: live order book, 35 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 | 2.64 bp | 15.2 bp −$15 | 43.9 bp −$439 | 83.4 bp −$8,344 | doesn't fit |
| Sell edgeX live order book, 35 min ago | 14.40 bp | 82.4 bp −$82 | doesn't fit | 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_USDTlong | 0.0000% | 8h | 94.820 | long leg | $3.3M | $10.1M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.810 | −0.011% | $1K | $396K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.740 | −0.084% | $15K | $346K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.680 | −0.148% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.750 | −0.074% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.736 | −0.089% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.760 | −0.063% | $823 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0160% | 1h | 94.755 | −0.069% | — | — | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0434% | 4h | 94.630 | −0.200% | $38K | $204K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0492% | 8h | 94.531 | −0.304% | $53K | $33K | 20x | as long as short |
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 | +0.0747% | 4h | 94.750 | −0.074% | $22.0M | $55.5M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.1068% | 8h | 94.840 | +0.021% | $355K | $1.2M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1182% | 8h | 94.810 | −0.011% | $1.6M | $4.0M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1214% | 1h | 94.750 | −0.074% | $32K | $19K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1220% | 1h | 94.719 | −0.107% | $26.6M | $6.9M | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1571% | 8h | 94.860 | +0.042% | $5.1M | $15.3M | 25x | as long as short |
| edgeX ZHIPUUSDCshort | +0.1726% | 4h | 94.669 | −0.159% | $20K | $151K | 10x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
OKX ZHIPU-USDT-SWAP