Funding you earn now, next payment 05:00 UTC+0.0971%/8h= +106.3% APRpaid last 24h +0.195%
Price spread now: tradeXYZ against Gate−0.052%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$620.622% of the position
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 7 days−0.022%−$2 · spread now −0.052%, 7d avg +0.012%
=Together, before fees+0.399%+ Points / potential airdroptradeXYZ: Active · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.064% cheaper against Gate than usual: you would sell low and buy high (spread −0.052% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 5 hours of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.421% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.421% in total (about 21.9% 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 | 96.120 | 0.0080 | pay 0.0080% / 8h | 3h 36m | $2.9M | $11.8M | 50x |
| Short | tradeXYZ xyz:ZHIPU | 96.070 | 0.1051 | get 0.0131% / 1h | 36m 47s | $26.9M | $7.2M | 10x |
Gate ZHIPU_USDT
tradeXYZ xyz:ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $203.95
- Price spread: −0.052% → +0.012%
- −$6.43
- Slippage, 4 orders
- −$29.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $135.3
- Costs to cover
- 0.622%
- Break-even
- 2.4 days
Slippage from Gate: live order book, 2 min ago; tradeXYZ: 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 | 3.64 bp | 15.7 bp −$16 | 49.0 bp −$490 | 86.2 bp −$8,615 | doesn't fit |
| Sell tradeXYZ live order book, 2 min ago | 0.99 bp | 12.9 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 96.050 | −0.073% | $1K | $851K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 96.080 | −0.042% | $17K | $332K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 96.100 | −0.021% | $101K | $20K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.040 | −0.083% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0080% | 8h | 96.120 | long leg | $2.9M | $11.8M | 50x | |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.082 | −0.040% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.040 | −0.083% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 96.048 | −0.075% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0549% | 8h | 95.916 | −0.212% | $50K | $51K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0754% | 1h | 95.810 | −0.323% | $36K | $20K | 5x | 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
Aster ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0910% | 4h | 96.060 | −0.062% | $39K | $124K | 20x | as long as short |
| tradeXYZ xyz:ZHIPUshort | +0.1051% | 1h | 96.070 | −0.052% | $26.9M | $7.2M | 10x | |
| Binance ZHIPUUSDT | +0.1179% | 4h | 96.042 | −0.081% | $22.5M | $63.4M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1361% | 8h | 96.100 | −0.021% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDT | +0.1532% | 8h | 96.100 | −0.021% | $271K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1694% | 4h | 96.110 | −0.011% | $19K | $150K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1771% | 8h | 96.150 | +0.031% | $5.8M | $17.1M | 25x | as long as short |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP