ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1505%/8h= −164.8% APRnext payment −$15.05 per $10,000 · paid last 24h −0.097%

Price spread now: Gate against Bybit+0.031%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1141.140% 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 7 days+0.029%+$3 · spread now +0.031%, 7d avg 0.000%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.031% dearer against Bybit than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of 0.000%): +$3 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.007% in total) that is about 33 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 −$15.05 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	95.940	0.1601	pay 0.1601% / 8h	3h 43m	$271K	$1.4M	25x
Short	Gate ZHIPU_USDT	95.970	0.0096	get 0.0096% / 8h	3h 43m	$2.9M	$11.8M	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 +0.031%Rate

Funding earned: −$316.08
Price spread: +0.031% → 0.000%: $3.14
Slippage, 4 orders: −$87.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$426.89
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: 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 Bybit live order book, 3 min ago	4.16 bp	36.7 bp −$37	209.1 bp −$2,091	doesn't fit	doesn't fit
Sell Gate live order book, just now	3.65 bp	17.8 bp −$18	49.3 bp −$493	85.6 bp −$8,555	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	95.800	−0.146%	$2K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.880	−0.063%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	96.070	+0.136%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0096%	8h	95.970	+0.031%	$2.9M	$11.8M	50x
Nado ZHIPU-PERP	+0.0100%	1h	95.954	+0.014%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	−0.042%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.883	−0.060%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0243%	4h	95.860	−0.083%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0567%	8h	95.897	−0.044%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0854%	1h	96.240	+0.313%	$36K	$20K	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	+0.0972%	4h	96.040	+0.104%	$39K	$125K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1238%	1h	95.972	+0.033%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1251%	4h	95.912	−0.029%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1381%	8h	95.980	+0.042%	$1.8M	$4.1M	20x	as long as short
edgeX ZHIPUUSDC	+0.1550%	4h	96.183	+0.253%	$19K	$151K	10x	as long as short
Bybit ZHIPUUSDTlong	+0.1601%	8h	95.940	long leg	$271K	$1.4M	25x
OKX ZHIPU-USDT-SWAP	+0.1791%	8h	96.040	+0.104%	$5.8M	$17.0M	25x	as long as short