Funding you earn now, next payment 08:00 UTC+0.1823%/8h= +199.6% APRnext payment +$18.23 per $10,000 · paid last 24h +0.050%
Price spread now: Bybit against Bitget+0.272%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$1121.121% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)−0.228%−$23 · spread now +0.272%, 7d avg +0.036%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Bybit is 0.236% dearer against Bitget than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.036%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.23 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 | Bitget ZHIPUUSDT | 106.56 | 0.0281 | pay 0.0281% / 8h | 7h 06m | $1.8M | $4.6M | 20x |
| Short | Bybit ZHIPUUSDT | 106.85 | 0.2104 | get 0.2104% / 8h | 7h 06m | $407K | $1.4M | 25x |
Bitget ZHIPUUSDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $382.78
- Price spread: +0.272% → +0.036%
- $23.62
- Slippage, 4 orders
- −$89.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $294.3
- Costs to cover
- 1.121%
- Break-even
- 1.6 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 5 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 Bitget live order book, 2 min ago | 3.28 bp | 22.8 bp −$23 | 50.2 bp −$502 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.24 bp | 45.2 bp −$45 | 265.4 bp −$2,654 | 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 | 105.82 | −0.694% | $54K | $51K | 20x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 106.65 | +0.084% | $2.9M | $13.2M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.84 | +0.263% | $2K | $1.2M | 10x | as long as short |
| Lighter ZHIPU | +0.0048% | 1h | 106.56 | 0.000% | $113K | $21K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.47 | −0.084% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.60 | +0.037% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.49 | −0.063% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0165% | 8h | 106.47 | −0.084% | $55 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0172% | 4h | 106.47 | −0.084% | $42K | $128K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0262% | 8h | 106.80 | +0.225% | $5.1M | $18.9M | 25x | as long as short |
Aster ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDTlong | +0.0281% | 8h | 106.56 | long leg | $1.8M | $4.6M | 20x | |
| HTX ZHIPU-USDT | +0.0471% | 4h | 106.53 | −0.028% | $19K | $314K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0809% | 4h | 106.52 | −0.039% | $21.4M | $57.2M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.0817% | 4h | 106.22 | −0.315% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0860% | 1h | 106.58 | +0.019% | $29.2M | $7.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1462% | 1h | 106.61 | +0.047% | $37K | $22K | 5x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2104% | 8h | 106.85 | +0.272% | $407K | $1.4M | 25x |
HTX ZHIPU-USDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P