Funding you earn now, next payment 08:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h −0.088%
Price spread now: Bybit against Binance+0.039%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$950.947% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 7 days−0.010%−$1 · spread now +0.039%, 7d avg +0.094%
=Funding pays, the price is against you. Bybit is 0.055% cheaper against Binance than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.094%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.150% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | Binance ZHIPUUSDT | 95.393 | 0.0948 | pay 0.0474% / 4h | 20m 47s | $22.3M | $56.8M | 25x |
| Short | Bybit ZHIPUUSDT | 95.430 | 0.1285 | get 0.1285% / 8h | 20m 47s | $357K | $1.3M | 25x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $70.73
- Price spread: +0.039% → +0.094%
- −$5.48
- Slippage, 4 orders
- −$73.67
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$29.42
- Costs to cover
- 0.947%
- Break-even
- 9.9 days
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 10 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 Binance live order book, 6 min ago | 2.62 bp | 12.1 bp −$12 | 35.7 bp −$357 | 166.0 bp −$16.6K | doesn't fit |
| Sell Bybit live order book, 10 min ago | 2.63 bp | 27.0 bp −$27 | 210.7 bp −$2,107 | 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 | 95.490 | +0.102% | $1K | $473K | 10x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 95.390 | −0.003% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.300 | −0.097% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.298 | −0.099% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.270 | −0.129% | $828 | $798 | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0152% | 1h | 95.450 | +0.060% | $32K | $21K | 5x | as long as short |
| Aevo ZHIPU-PERP | +0.0184% | 1h | 95.331 | −0.065% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0187% | 8h | 95.430 | +0.039% | $3.3M | $10.2M | 50x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0455% | 1h | 95.335 | −0.061% | $26.9M | $7.1M | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0484% | 4h | 95.390 | −0.003% | $20K | $349K | 20x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Ondo Perps ZHIPU-USD.P
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
tradeXYZ xyz:ZHIPU
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | +0.0839% | 8h | 95.244 | −0.156% | $53K | $41K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0926% | 4h | 95.370 | −0.024% | $38K | $120K | 20x | as long as short |
| Binance ZHIPUUSDTlong | +0.0948% | 4h | 95.393 | long leg | $22.3M | $56.8M | 25x | |
| Bybit ZHIPUUSDTshort | +0.1285% | 8h | 95.430 | +0.039% | $357K | $1.3M | 25x | |
| edgeX ZHIPUUSDC | +0.1287% | 4h | 95.179 | −0.224% | $20K | $154K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1468% | 8h | 95.460 | +0.071% | $1.7M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1834% | 8h | 95.440 | +0.050% | $5.3M | $15.8M | 25x | as long as short |
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTM
edgeX ZHIPUUSDC
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP