Funding you earn now, next payment 00:00 UTC+0.0521%/8h= +57.0% APRnext payment +$5.21 per $10,000 · paid last 24h +0.024%
Price spread now: Bybit against Bitget−0.029%7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1191.188% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.029%, 7d avg +0.040%
=Funding pays, the price is against you. Bybit is 0.068% cheaper against Bitget than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.040%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$16 a day). At the pace of the last 7 days (+0.024% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.21 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 | 104.84 | 0.0680 | pay 0.0680% / 8h | 3h 31m | $1.7M | $4.4M | 20x |
| Short | Bybit ZHIPUUSDT | 104.81 | 0.1201 | get 0.1201% / 8h | 3h 31m | $303K | $1.3M | 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
- $109.38
- Price spread: −0.029% → +0.040%
- −$6.81
- Slippage, 4 orders
- −$95.76
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$16.19
- Costs to cover
- 1.188%
- Break-even
- 8.0 days
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, just now.
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 | 2.86 bp | 17.0 bp −$17 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 4.29 bp | 41.2 bp −$41 | doesn't fit | 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 | 104.72 | −0.110% | $53K | $50K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 104.79 | −0.048% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 104.66 | −0.172% | $19K | $321K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 104.82 | −0.019% | $119K | $9K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 104.79 | −0.048% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 104.84 | +0.002% | $23K | $145 | 3x | as long as short |
| Gate ZHIPU_USDT | +0.0192% | 8h | 104.83 | −0.010% | $2.8M | $13.8M | 50x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0203% | 8h | 104.69 | −0.143% | $76 | $266 | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0236% | 4h | 104.75 | −0.086% | $41K | $136K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0312% | 1h | 104.73 | −0.109% | — | — | 10x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Gate ZHIPU_USDT
Orderly PERP_ZHIPU_USDC_mythos
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0421% | 1h | 104.84 | 0.000% | $29.3M | $7.6M | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0551% | 8h | 104.84 | 0.000% | $4.8M | $18.5M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0680% | 8h | 104.84 | long leg | $1.7M | $4.4M | 20x | |
| Binance ZHIPUUSDT | +0.0958% | 4h | 104.70 | −0.131% | $20.8M | $57.0M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1078% | 1h | 104.87 | +0.029% | $40K | $19K | 5x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1201% | 8h | 104.81 | −0.029% | $303K | $1.3M | 25x | |
| edgeX ZHIPUUSDC | +0.1911% | 4h | 104.80 | −0.040% | $21K | $148K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC