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

ZHIPU

RWAAll ZHIPU markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
MEXCZHIPUSTOCK_USDT
57.830−0.6082get 0.3041% / 4h3h 45m$683K$1.5M25xLong MEXC
SHORT
BybitZHIPUUSDT
57.860−0.5228pay 0.5228% / 8h7h 45m$587K$1.4M25xShort Bybit
Price gap+0.052%
Funding gap+0.0855% /8h

Funding trade: +$26 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$5+0.0855% /8h now · paid +0.049% over the last 7D
Price−$1spread +0.052% now, avg +0.065% → −0.013% if it goes back
Costs−$1911.906% of $10k · taker + slippage, in and out
Result−$187−1.87%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+0.052%
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 · 4 to watch
  • Watch: Thin at this size3.9 / 88.2 bp
    At $10k entering Bybit costs 88.2 bp, fee and slippage, 22.7× MEXC’s.
  • Note: Margin at max leverage$400 + $400
    MEXC 25x, Bybit 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 8h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$25.63Long MEXC: 6 payments, +$182.46; short Bybit: 3 payments, −$156.83.
  • Note: Gap at its usual level+0.052% vs +0.065%
    The price leg adds little either way.
  • Watch: Short leg is thinner$587K vs $683K OI
    Bybit sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCMEXC Yes · Bybit Yes
    KYC before trading since Feb 2026; unverified accounts see market data only.

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+0.052% → +0.065% (7d avg)−$1.31
Slippage, 4 orderslive order books−$175.61
Fee MEXC bp × 2 orders−$4.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$186.97
Costs to cover1.906%Break-even271.6 days
Slippage: MEXC: live order book, 4 min ago; Bybit: live order book, 4 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGMEXC1.733.9 bp−$47.9 bp−$7978.3 bp−$7,827doesn’t fit
SELL · SHORTBybit6.0488.2 bp−$88doesn’t fitdoesn’t fitdoesn’t fit

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 ↗