ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2306%/8h= −252.5% APRnext payment −$23.06 per $10,000 · paid last 24h −0.097%

Price spread now: Gate against Bybit+0.030%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1381.379% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.030%, 7d avg −0.003%

Together, before fees−0.156%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.033% dearer against Bybit than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.003%): +$3 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−0.007% in total) that is about 35 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.06 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	Bybit ZHIPUUSDT	99.390	0.2563	pay 0.2563% / 8h	5h 48m	$370K	$1.3M	25x
Short	Gate ZHIPU_USDT	99.420	0.0257	get 0.0257% / 8h	5h 48m	$3.0M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.030%Rate

Funding earned: −$484.21
Price spread: +0.030% → −0.003%: $3.32
Slippage, 4 orders: −$111.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$618.78
Costs to cover: 1.379%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 5 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 Bybit live order book, 2 min ago	6.49 bp	68.5 bp −$68	241.6 bp −$2,416	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.46 bp	18.8 bp −$19	52.1 bp −$521	81.8 bp −$8,182	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	99.780	+0.392%	$1K	$978K	10x	as long as short
Aster ZHIPUUSDT	+0.0048%	8h	99.330	−0.060%	$51K	$53K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	99.430	+0.040%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.870	−0.523%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.440	+0.050%	$51	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	99.543	+0.154%	—	—	10x	as long as short
Gate ZHIPU_USDTshort	+0.0257%	8h	99.420	+0.030%	$3.0M	$10.3M	50x
HTX ZHIPU-USDT	+0.0842%	4h	99.430	+0.040%	$18K	$308K	20x	as long as short
Bitget ZHIPUUSDT	+0.0865%	8h	99.430	+0.040%	$2.0M	$3.7M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0929%	1h	100.72	+1.338%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0938%	4h	99.320	−0.070%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0964%	8h	99.540	+0.151%	$5.3M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1272%	1h	99.150	−0.241%	$104K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1775%	1h	99.313	−0.077%	$27.4M	$6.4M	10x	as long as short
Binance ZHIPUUSDT	+0.1779%	4h	99.317	−0.074%	$22.0M	$56.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+1.241%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDTlong	+0.2563%	8h	99.390	long leg	$370K	$1.3M	25x