Funding you earn now, next payment 04:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h +0.059%
Price spread now: Binance against Bybit−0.133%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$880.878% of the position
Funding, last 7 days−0.117%−$12 on $10k
+Price spread, last 2 days (all we have)+0.003%$0 · spread now −0.133%, 7d avg −0.088%
=Funding pays, the price is against you. Binance is 0.045% cheaper against Bybit than usual: you would sell low and buy high (spread −0.133% now, against its 7-day average of −0.088%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% 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 | Bybit ZHIPUUSDT | 105.90 | 0.0166 | pay 0.0166% / 8h | 7h 28m | $421K | $1.4M | 25x |
| Short | Binance ZHIPUUSDT | 105.76 | 0.0477 | get 0.0239% / 4h | 3h 28m | $21.1M | $56.9M | 25x |
Bybit ZHIPUUSDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $65.35
- Price spread: −0.133% → −0.088%
- −$4.54
- Slippage, 4 orders
- −$66.78
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$26.96
- Costs to cover
- 0.878%
- Break-even
- 9.9 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 14 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 Bybit live order book, 3 min ago | 1.89 bp | 26.0 bp −$26 | 693.8 bp −$6,938 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.95 bp | 8.5 bp −$9 | 25.9 bp −$259 | 174.3 bp −$17.4K | 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 | 105.55 | −0.331% | $54K | $51K | 20x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.89 | −0.009% | $2.9M | $13.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.87 | −0.028% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.71 | −0.179% | $19K | $314K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 105.73 | −0.161% | $112K | $19K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.68 | −0.208% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.76 | −0.136% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.71 | −0.179% | $41K | $129K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.68 | −0.212% | — | — | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0137% | 8h | 106.00 | +0.094% | $5.0M | $18.6M | 25x | 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
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZHIPU_USDC_mythos | +0.0143% | 8h | 105.68 | −0.208% | $54 | $266 | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0165% | 8h | 105.84 | −0.057% | $1.7M | $4.5M | 20x | as long as short |
| Bybit ZHIPUUSDTlong | +0.0166% | 8h | 105.90 | long leg | $421K | $1.4M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.0307% | 1h | 105.78 | −0.113% | $29.0M | $7.9M | 10x | as long as short |
| Binance ZHIPUUSDTshort | +0.0477% | 4h | 105.76 | −0.133% | $21.1M | $56.9M | 25x | |
| edgeX ZHIPUUSDC | +0.0827% | 4h | 105.70 | −0.187% | $21K | $151K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0942% | 1h | 105.71 | −0.179% | $37K | $22K | 5x | as long as short |
Orderly PERP_ZHIPU_USDC_mythos
Bitget ZHIPUUSDT
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P