Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRnext payment +$2.22 per $10,000 · paid last 24h +0.043%
Price spread now: OKX against Gate+0.038%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$570.569% of the position
Funding, last 7 days−0.004%$0 on $10k
+Price spread, last 7 days−0.180%−$18 · spread now +0.038%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.009%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.004% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.22 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 | Gate ZHIPU_USDT | 106.59 | 0.0089 | pay 0.0089% / 8h | 6h 56m | $3.0M | $10.1M | 50x |
| Short | OKX ZHIPU-USDT-SWAP | 106.63 | 0.0311 | get 0.0311% / 8h | 6h 56m | $5.1M | $18.8M | 25x |
Gate ZHIPU_USDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $46.54
- Price spread: +0.038% → −0.009%
- $4.65
- Slippage, 4 orders
- −$31.86
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$5.67
- Costs to cover
- 0.569%
- Break-even
- 7.9 days
Slippage from Gate: live order book, 2 min ago; OKX: 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 Gate live order book, 2 min ago | 4.23 bp | 15.0 bp −$15 | 52.3 bp −$523 | 86.3 bp −$8,634 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.94 bp | 14.4 bp −$14 | 77.2 bp −$772 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.97 | −0.580% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.56 | −0.028% | $1K | $1.2M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.38 | −0.197% | $38K | $3K | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0089% | 8h | 106.59 | long leg | $3.0M | $10.1M | 50x | |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.45 | −0.133% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.39 | −0.187% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0174% | 8h | 106.36 | −0.216% | $55 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0298% | 4h | 106.40 | −0.178% | $41K | $127K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0311% | 8h | 106.63 | +0.038% | $5.1M | $18.8M | 25x | |
| Bitget ZHIPUUSDT | +0.0343% | 8h | 106.47 | −0.113% | $1.9M | $4.7M | 20x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
KuCoin ZHIPUUSDTM
Bitget ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.0894% | 4h | 106.39 | −0.188% | $19K | $308K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1011% | 4h | 106.37 | −0.206% | $21.4M | $57.1M | 25x | as long as short |
| Lighter ZHIPU | +0.1296% | 1h | 106.45 | −0.131% | $113K | $20K | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.1698% | 4h | 106.36 | −0.212% | $21K | $150K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.2193% | 1h | 106.45 | −0.131% | $29.2M | $7.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2305% | 8h | 106.55 | −0.038% | $406K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.3215% | 1h | 106.29 | −0.281% | $37K | $22K | 5x | as long as short |
HTX ZHIPU-USDT
Binance ZHIPUUSDT
Lighter ZHIPU
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P