Funding you earn now, next payment 16:00 UTC−0.1181%/8h= −129.3% APRnext payment −$11.81 per $10,000 · paid last 24h −0.175%
Price spread now: Gate against OKX−0.011%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days−0.058%−$6 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.011%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: −$35 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.81 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZHIPU-USDT-SWAP | 94.950 | 0.1181 | pay 0.1181% / 8h | 5h 44m | $5.1M | $15.3M | 25x |
| Short | Gate ZHIPU_USDT | 94.940 | 0 | get 0.0000% / 8h | 5h 44m | $3.3M | $10.1M | 50x |
OKX ZHIPU-USDT-SWAP
Gate ZHIPU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$247.98
- Price spread: −0.011% → +0.003%
- −$1.32
- Slippage, 4 orders
- −$23.38
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$297.68
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; Gate: 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 OKX live order book, 1 min ago | 0.53 bp | 9.2 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 3.16 bp | 16.3 bp −$16 | 55.6 bp −$556 | 85.0 bp −$8,504 | doesn't fit |
ZHIPU on 17 exchanges
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_USDTshort | 0.0000% | 8h | 94.940 | −0.011% | $3.3M | $10.1M | 50x | |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.940 | −0.011% | $1K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.890 | −0.063% | $16K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.780 | −0.179% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.830 | −0.126% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.886 | −0.067% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.860 | −0.095% | $39K | $273K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.880 | −0.074% | $824 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.855 | −0.100% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0137% | 8h | 94.769 | −0.191% | $54K | $33K | 20x | as long as short |
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0400% | 4h | 94.850 | −0.105% | $22.0M | $55.8M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.0595% | 8h | 94.860 | −0.095% | $356K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0665% | 1h | 94.843 | −0.113% | $26.6M | $6.9M | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0761% | 8h | 94.920 | −0.032% | $1.6M | $4.0M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0838% | 1h | 94.950 | 0.000% | $32K | $19K | 5x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1181% | 8h | 94.950 | long leg | $5.1M | $15.3M | 25x | |
| edgeX ZHIPUUSDC | +0.1197% | 4h | 94.877 | −0.077% | $20K | $151K | 10x | as long as short |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC