Funding you earn now, next payment 08:00 UTC+0.2117%/8h= +231.9% APRnext payment +$21.17 per $10,000 · paid last 24h +0.050%
Price spread now: Bybit against Bitget−0.075%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1631.627% of the position
Funding, last 7 days+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.075%, 7d avg +0.036%
=Funding pays, the price is against you. Bybit is 0.111% cheaper against Bitget than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of +0.036%). If the spread goes back, that is −$11 on $10k: about 4 hours of funding at the current rate (+$64 a day). At the pace of the last 7 days (+0.059% in total) that is about 13 days.
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 +$21.17 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 | Bitget ZHIPUUSDT | 106.41 | 0.0474 | pay 0.0474% / 8h | 6h 39m | $2.0M | $4.4M | 20x |
| Short | Bybit ZHIPUUSDT | 106.33 | 0.2591 | get 0.2591% / 8h | 6h 39m | $404K | $1.4M | 25x |
Bitget ZHIPUUSDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $444.66
- Price spread: −0.075% → +0.036%
- −$11.13
- Slippage, 4 orders
- −$139.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $270.83
- Costs to cover
- 1.627%
- Break-even
- 2.7 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 1.87 bp | 22.1 bp −$22 | 49.2 bp −$492 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.22 bp | 60.7 bp −$61 | 209.0 bp −$2,090 | 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 | 106.33 | −0.075% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 106.56 | +0.141% | $2K | $1.1M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.38 | −0.028% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.46 | +0.043% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.50 | +0.086% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0182% | 8h | 106.55 | +0.132% | $2.9M | $10.4M | 50x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0207% | 8h | 106.41 | 0.000% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0414% | 8h | 106.24 | −0.160% | $5.1M | $18.2M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0474% | 8h | 106.41 | long leg | $2.0M | $4.4M | 20x | |
| KuCoin ZHIPUUSDTM | +0.0506% | 4h | 106.53 | +0.113% | $44K | $128K | 20x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAP
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1032% | 1h | 106.64 | +0.216% | $113K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1309% | 4h | 106.36 | −0.047% | $19K | $308K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1401% | 4h | 106.28 | −0.124% | $21.7M | $56.2M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1521% | 4h | 106.79 | +0.361% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.2258% | 1h | 106.39 | −0.019% | $29.0M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2591% | 8h | 106.33 | −0.075% | $404K | $1.4M | 25x | |
| Ondo Perps ZHIPU-USD.P | +0.3141% | 1h | 106.71 | +0.282% | $37K | $23K | 5x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P