ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0101%/8h= −11.0% APRnext payment −$1.01 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against OKX−0.080%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$780.780% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.049%−$5 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.080%, 7d avg −0.021%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.059% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	100.28	0.0932	pay 0.0932% / 8h	5h 51m	$5.3M	$16.0M	25x
Short	Bitget ZHIPUUSDT	100.20	0.0831	get 0.0831% / 8h	5h 51m	$2.0M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$21.18
Price spread: −0.080% → −0.021%: −$5.89
Slippage, 4 orders: −$55.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.02
Costs to cover: 0.780%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 1 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 OKX live order book, 2 min ago	0.99 bp	12.6 bp −$13	52.0 bp −$520	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.96 bp	24.1 bp −$24	84.9 bp −$849	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	100.83	+0.548%	$2K	$988K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.73	+0.446%	$52K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.74	+0.459%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.423%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.70	+0.419%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.74	+0.458%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.55	+0.269%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0691%	1h	100.72	+0.439%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDTshort	+0.0831%	8h	100.20	−0.080%	$2.0M	$3.8M	20x
HTX ZHIPU-USDT	+0.0843%	4h	100.63	+0.349%	$18K	$308K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0898%	4h	100.51	+0.229%	$40K	$124K	20x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.0932%	8h	100.28	long leg	$5.3M	$16.0M	25x
Lighter ZHIPU	+0.1040%	1h	100.51	+0.229%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1747%	1h	100.44	+0.160%	$27.8M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	100.14	−0.140%	$22.2M	$56.1M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.342%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2516%	8h	100.20	−0.080%	$370K	$1.3M	25x	as long as short