Funding you earn now, next payment 16:00 UTC+0.2440%/8h= +267.2% APRnext payment +$24.40 per $10,000 · paid last 24h +0.184%
Price spread now: Bybit against Gate−0.032%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.032%, 7d avg 0.000%
=Funding pays, the price is against you. Bybit is 0.031% cheaper against Gate than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 1 hour of funding at the current rate (+$73 a day). At the pace of the last 7 days (+0.091% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.40 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 | Gate ZHIPU_USDT | 94.860 | 0.0220 | pay 0.0220% / 8h | 7h 46m | $3.3M | $9.9M | 50x |
| Short | Bybit ZHIPUUSDT | 94.830 | 0.2660 | get 0.2660% / 8h | 7h 46m | $358K | $1.2M | 25x |
Gate ZHIPU_USDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $512.35
- Price spread: −0.032% → 0.000%
- −$3.14
- Slippage, 4 orders
- −$87.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $395.99
- Costs to cover
- 1.132%
- Break-even
- 1.6 days
Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago | 2.11 bp | 13.5 bp −$13 | 43.7 bp −$437 | 81.8 bp −$8,182 | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.70 bp | 34.3 bp −$34 | 183.3 bp −$1,833 | 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 | 94.940 | +0.084% | $1K | $406K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.740 | −0.127% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.724 | −0.143% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.790 | −0.074% | $824 | $798 | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0220% | 8h | 94.860 | long leg | $3.3M | $9.9M | 50x | |
| Aevo ZHIPU-PERP | +0.0224% | 1h | 94.779 | −0.086% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0768% | 8h | 94.510 | −0.369% | $53K | $33K | 20x | as long as short |
| Lighter ZHIPU | +0.0984% | 1h | 94.750 | −0.116% | $100K | $16K | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1122% | 4h | 94.810 | −0.053% | $39K | $151K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1141% | 4h | 94.833 | −0.028% | $22.2M | $55.0M | 25x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Lighter ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1485% | 1h | 94.717 | −0.151% | $26.8M | $6.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1494% | 1h | 94.700 | −0.169% | $32K | $21K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.1511% | 8h | 94.880 | +0.021% | $1.6M | $3.8M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1589% | 4h | 94.870 | +0.011% | $20K | $337K | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1763% | 4h | 94.633 | −0.239% | $20K | $152K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1893% | 8h | 94.950 | +0.095% | $5.2M | $15.0M | 25x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2660% | 8h | 94.830 | −0.032% | $358K | $1.2M | 25x |
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDT
HTX ZHIPU-USDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP