Funding you earn now, next payment 08:00 UTC+0.0413%/8h= +45.2% APRpaid last 24h −0.088%
Price spread now: Bybit against Binance−0.021%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.021%, 7d avg +0.094%
=Funding pays, the price is against you. Bybit is 0.115% cheaper against Binance than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.094%). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.150% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | Binance ZHIPUUSDT | 95.860 | 0.1170 | pay 0.0585% / 4h | 1h 40m | $22.7M | $66.5M | 25x |
| Short | Bybit ZHIPUUSDT | 95.840 | 0.1582 | get 0.1582% / 8h | 1h 40m | $360K | $1.5M | 25x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- $86.68
- Price spread: −0.021% → +0.094%
- −$11.5
- Slippage, 4 orders
- −$85.94
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$31.76
- Costs to cover
- 1.069%
- Break-even
- 9.6 days
Slippage from Binance: live order book, 2 min ago; Bybit: live order book, 1 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 Binance live order book, 2 min ago | 2.09 bp | 11.1 bp −$11 | 36.8 bp −$368 | 139.5 bp −$13.9K | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.22 bp | 41.1 bp −$41 | 198.2 bp −$1,982 | 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 | 96.020 | +0.167% | $1K | $790K | 10x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 95.780 | −0.083% | $101K | $17K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.640 | −0.230% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.709 | −0.157% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.820 | −0.042% | $832 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0182% | 8h | 95.970 | +0.115% | $3.2M | $11.7M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0272% | 1h | 95.837 | −0.024% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0797% | 1h | 95.730 | −0.136% | $33K | $23K | 5x | as long as short |
| Aster ZHIPUUSDT | +0.0927% | 8h | 95.978 | +0.123% | $53K | $58K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0994% | 4h | 95.800 | −0.063% | $38K | $119K | 20x | as long as short |
SunX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.1090% | 4h | 95.780 | −0.083% | $21K | $352K | 20x | as long as short |
| Binance ZHIPUUSDTlong | +0.1170% | 4h | 95.860 | long leg | $22.7M | $66.5M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.1184% | 1h | 95.854 | −0.006% | $27.0M | $8.1M | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1582% | 8h | 95.840 | −0.021% | $360K | $1.5M | 25x | |
| Bitget ZHIPUUSDT | +0.1625% | 8h | 95.940 | +0.083% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1797% | 4h | 95.835 | −0.026% | $20K | $155K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.2014% | 8h | 95.860 | 0.000% | $5.4M | $18.6M | 25x | as long as short |
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP