Funding you earn now, next payment 08:00 UTC+0.0588%/8h= +64.4% APRnext payment +$5.88 per $10,000 · paid last 24h +0.052%
Price spread now: Bybit against OKX−0.075%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1051.048% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.075%, 7d avg +0.011%
=Funding pays, the price is against you. Bybit is 0.087% cheaper against OKX than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.011%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.010% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.010% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.88 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 | OKX ZHIPU-USDT-SWAP | 106.01 | 0.0154 | pay 0.0154% / 8h | 7h 22m | $5.1M | $18.6M | 25x |
| Short | Bybit ZHIPUUSDT | 105.93 | 0.0742 | get 0.0742% / 8h | 7h 22m | $431K | $1.4M | 25x |
OKX ZHIPU-USDT-SWAP
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against OKX. 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
- $123.58
- Price spread: −0.075% → +0.011%
- −$8.66
- Slippage, 4 orders
- −$83.78
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $10.14
- Costs to cover
- 1.048%
- Break-even
- 6.4 days
Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago | 0.47 bp | 11.3 bp −$11 | 62.9 bp −$629 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.89 bp | 43.1 bp −$43 | 678.2 bp −$6,782 | 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 | 105.59 | −0.392% | $54K | $51K | 20x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.89 | −0.113% | $2.9M | $13.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.90 | −0.104% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.75 | −0.245% | $19K | $314K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 105.80 | −0.198% | $112K | $19K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.76 | −0.236% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.89 | −0.117% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.80 | −0.198% | $42K | $128K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.77 | −0.226% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0143% | 8h | 105.77 | −0.226% | $54 | $266 | 10x | as long as short |
Aster ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythosShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZHIPU-USDT-SWAPlong | +0.0154% | 8h | 106.01 | long leg | $5.1M | $18.6M | 25x | |
| Bitget ZHIPUUSDT | +0.0171% | 8h | 105.85 | −0.151% | $1.8M | $4.6M | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0416% | 1h | 105.87 | −0.132% | $29.0M | $7.9M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.0519% | 4h | 105.79 | −0.208% | $21.2M | $56.8M | 25x | as long as short |
| Bybit ZHIPUUSDTshort | +0.0742% | 8h | 105.93 | −0.075% | $431K | $1.4M | 25x | |
| edgeX ZHIPUUSDC | +0.1020% | 4h | 105.86 | −0.142% | $21K | $151K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1042% | 1h | 105.97 | −0.038% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P