Funding you earn now, next payment 04:00 UTC+0.1510%/8h= +165.3% APRpaid last 24h +0.098%
Price spread now: edgeX against tradeXYZ+0.576%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 4 days (all we have)−0.603%−$60 · spread now +0.576%, 7d avg −0.009%
=Together, before fees−0.528%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$53 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and edgeX is 0.585% dearer against tradeXYZ than usual: you sell high and buy low: +$58 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 0.075% in total (about 3.9% 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 | tradeXYZ xyz:ZHIPU | 97.735 | 0.1299 | pay 0.0162% / 1h | 59m 33s | $27.3M | $6.9M | 10x |
| Short | edgeX ZHIPUUSDC | 98.298 | 0.2809 | get 0.1405% / 4h | 59m 33s | $19K | $151K | 10x |
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against tradeXYZ. 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
- $317.07
- Price spread: +0.576% → −0.009%
- $58.47
- Slippage, 4 orders
- −$63.41
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $285.14
- Costs to cover
- 0.904%
- Break-even
- 0.7 days
Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 62 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 tradeXYZ live order book, 10 min ago | 2.43 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 62 min ago | 12.88 bp | 42.3 bp −$42 | 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 | 98.520 | +0.803% | $1K | $864K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 98.250 | +0.527% | $35K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 97.970 | +0.240% | $37K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 97.477 | −0.264% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 98.230 | +0.506% | $579 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0152% | 1h | 98.273 | +0.550% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0383% | 8h | 97.730 | −0.005% | $3.0M | $10.9M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0605% | 8h | 97.838 | +0.106% | $50K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1102% | 4h | 98.220 | +0.496% | $18K | $324K | 20x | as long as short |
| tradeXYZ xyz:ZHIPUlong | +0.1299% | 1h | 97.735 | long leg | $27.3M | $6.9M | 10x |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1328% | 1h | 97.560 | −0.179% | $103K | $20K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1386% | 8h | 97.710 | −0.026% | $1.9M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1524% | 4h | 97.580 | −0.159% | $39K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1615% | 8h | 98.030 | +0.302% | $5.5M | $15.8M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2233% | 4h | 97.570 | −0.169% | $22.5M | $58.9M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2736% | 8h | 97.800 | +0.067% | $364K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDCshort | +0.2809% | 4h | 98.298 | +0.576% | $19K | $151K | 10x |
Lighter ZHIPU
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT