Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.0% APRnext payment +$1.83 per $10,000 · paid last 24h −0.050%
Price spread now: Bitget against Bybit−0.047%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$990.989% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.047%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.059%, 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 -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.83 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 | Bybit ZHIPUUSDT | 105.69 | 0 | get 0.0000% / 8h | 7h 33m | $305K | $1.3M | 25x |
| Short | Bitget ZHIPUUSDT | 105.64 | 0.0183 | get 0.0183% / 8h | 7h 33m | $1.7M | $4.5M | 20x |
Bybit ZHIPUUSDT
Bitget ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $38.43
- Price spread: −0.047% → −0.036%
- −$1.14
- Slippage, 4 orders
- −$75.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$61.63
- Costs to cover
- 0.989%
- Break-even
- 18.2 days
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 4 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, 2 min ago | 3.78 bp | 26.4 bp −$26 | 549.0 bp −$5,490 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.37 bp | 16.1 bp −$16 | 56.4 bp −$564 | 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 | 105.40 | −0.272% | $54K | $51K | 20x | as long as short |
| Bybit ZHIPUUSDTlong | 0.0000% | 8h | 105.69 | long leg | $305K | $1.3M | 25x | |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.66 | −0.028% | $2.9M | $13.0M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.64 | −0.047% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.50 | −0.180% | $19K | $314K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 105.60 | −0.085% | $112K | $19K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.57 | −0.114% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.64 | −0.051% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.61 | −0.076% | $41K | $129K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.53 | −0.152% | — | — | 10x | 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-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZHIPU-USDT-SWAP | +0.0134% | 8h | 105.76 | +0.066% | $5.0M | $18.6M | 25x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0143% | 8h | 105.54 | −0.142% | $54 | $266 | 10x | as long as short |
| Bitget ZHIPUUSDTshort | +0.0183% | 8h | 105.64 | −0.047% | $1.7M | $4.5M | 20x | |
| tradeXYZ xyz:ZHIPU | +0.0251% | 1h | 105.62 | −0.066% | $29.0M | $7.9M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.0490% | 4h | 105.54 | −0.142% | $21.1M | $56.9M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.0761% | 4h | 105.61 | −0.080% | $21K | $150K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0896% | 1h | 105.53 | −0.151% | $37K | $22K | 5x | as long as short |
OKX ZHIPU-USDT-SWAP
Orderly PERP_ZHIPU_USDC_mythos
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P