ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0127%/8h= −13.9% APRnext payment −$1.27 per $10,000 · paid last 24h −0.020%

Price spread now: Gate against Bitget+0.076%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.076%, 7d avg +0.028%

Together, before fees+0.131%+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.048% dearer against Bitget than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.028%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	105.24	0.0127	pay 0.0127% / 8h	39m 28s	$1.7M	$4.4M	20x
Short	Gate ZHIPU_USDT	105.32	0	get 0.0000% / 8h	39m 28s	$2.9M	$13.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$26.67
Price spread: +0.076% → +0.028%: $4.78
Slippage, 4 orders: −$45.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$94.06
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: 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 Bitget live order book, 4 min ago	2.38 bp	17.5 bp −$18	33.6 bp −$336	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.75 bp	17.5 bp −$18	47.7 bp −$477	83.8 bp −$8,384	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	105.04	−0.187%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	105.17	−0.067%	$20.9M	$57.2M	25x	as long as short
Gate ZHIPU_USDTshort	0.0000%	8h	105.32	+0.076%	$2.9M	$13.3M	50x
SunX ZHIPU-USDT	0.0000%	4h	105.29	+0.048%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.15	−0.086%	$19K	$316K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0041%	8h	105.36	+0.114%	$5.0M	$18.6M	25x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.19	−0.048%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.25	+0.012%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.17	−0.067%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.18	−0.054%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDTlong	+0.0127%	8h	105.24	long leg	$1.7M	$4.4M	20x
Orderly PERP_ZHIPU_USDC_mythos	+0.0204%	8h	105.17	−0.067%	$76	$266	10x	as long as short
Lighter ZHIPU	+0.0256%	1h	105.31	+0.067%	$120K	$9K	10x	as long as short
edgeX ZHIPUUSDC	+0.0300%	4h	105.26	+0.018%	$21K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.0349%	8h	105.25	+0.010%	$305K	$1.3M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0797%	1h	105.24	0.000%	$29.0M	$7.8M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1090%	1h	105.16	−0.076%	$37K	$22K	5x	as long as short