Settings8H · net · $10k
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Funding arb · Price arb / RWA

ZHIPU

RWAAll ZHIPU markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BybitZHIPUUSDT
57.680−0.8904get 0.8904% / 8h7h 51m$585K$1.4M25xLong Bybit
SHORT
MEXCZHIPUSTOCK_USDT
57.540−0.5930pay 0.2965% / 4h3h 51m$743K$1.4M25xShort MEXC
Price gap−0.243%
Funding gap+0.2974% /8h

Funding pays +$89 a day on $10k, but the gap is 0.178% under its 7d average: −$18 if it goes back, about 5 hours of funding.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$5+0.2974% /8h now · paid −0.049% over the last 7D
Price−$18spread −0.243% now, avg −0.065% → −0.178% if it goes back
Costs−$2692.691% of $10k · taker + slippage, in and out
Result−$292−2.92%no points

The current funding rate is far above what this pair has been paying: over the last 7 days it paid −0.049% in total, about −0.0024%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.243%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZHIPU on 21 exchanges

lowest funding first

Before you open

0 ok · 5 to watch
  • Watch: Thin at this size135.1 / 6.9 bp
    At $10k entering Bybit costs 135.1 bp, fee and slippage, 19.6× MEXC’s.
  • Note: Margin at max leverage$400 + $400
    Bybit 25x, MEXC 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$89.22Long Bybit: 3 payments, +$267.12; short MEXC: 6 payments, −$177.90.
  • Watch: Gap narrower than usual−0.243% vs −0.065%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$585K vs $743K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBybit Yes · MEXC Yes
    Standard verification is mandatory for every product.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0024%/8h × 21 periods−$4.95
Price spread−0.243% → −0.065% (7d avg)−$17.78
Slippage, 4 orderslive order books−$254.06
Fee Bybit bp × 2 orders−$11.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$291.79
Costs to cover2.691%Break-evennever at this rate
Slippage: Bybit: live order book, 3 min ago; MEXC: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBybit6.08135.1 bp−$135doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC3.486.9 bp−$710.1 bp−$101114.4 bp−$11.4K266.4 bp−$133.2K

Closing costs about the same again.

Alert

ZHIPU news

posts that mention ZHIPU, from every exchange
10-28 17:49Markets by KinetiqOtherChina's AI stocks already crashed. $ZHIPU is down 80% from its high, $MINIMAX 74%. The Nasdaq-100 is down 5%. A China problem, or a preview? @Markets_xyz on X ↗
09-23 02:03SoDEXListing📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗