ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1716%/8h= −187.9% APRnext payment −$17.16 per $10,000 · paid last 24h −0.068%

Price spread now: Orderly against Bybit−0.063%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Orderly is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	95.930	0.1816	pay 0.1816% / 8h	4h 10m	$275K	$1.4M	25x
Short	Orderly PERP_ZHIPU_USDC_mythos	95.870	0.0100	get 0.0100% / 8h	4h 10m	$565	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: −$360.31
Price spread: −0.063% → 0.000%: −$6.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$383.56
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, just now; Orderly: no order-book sample. Net counts fees only.

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, just now	4.17 bp	48.6 bp −$49	208.4 bp −$2,084	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	95.750	−0.188%	$1K	$850K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.880	−0.052%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.923	−0.007%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	95.870	−0.063%	$565	$798	10x
Ondo Perps ZHIPU-USD.P	+0.0125%	1h	95.780	−0.156%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDT	+0.0158%	8h	95.950	+0.021%	$2.9M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.918	−0.013%	—	—	10x	as long as short
Lighter ZHIPU	+0.0232%	1h	95.890	−0.042%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0501%	4h	95.930	0.000%	$17K	$332K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0635%	1h	95.914	−0.017%	$26.9M	$7.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0649%	8h	96.049	+0.124%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1146%	4h	95.920	−0.010%	$39K	$126K	20x	as long as short
Bitget ZHIPUUSDT	+0.1407%	8h	95.980	+0.052%	$1.9M	$3.9M	20x	as long as short
Binance ZHIPUUSDT	+0.1584%	4h	95.840	−0.094%	$22.5M	$62.0M	25x	as long as short
Bybit ZHIPUUSDTlong	+0.1816%	8h	95.930	long leg	$275K	$1.4M	25x
OKX ZHIPU-USDT-SWAP	+0.1818%	8h	95.970	+0.042%	$5.8M	$16.6M	25x	as long as short
edgeX ZHIPUUSDC	+0.2384%	4h	96.007	+0.080%	$19K	$151K	10x	as long as short