Funding you earn now, next payment 08:00 UTC+0.1845%/8h= +202.0% APRnext payment +$18.45 per $10,000 · paid last 24h +0.096%
Price spread now: Bybit against Gate+0.058%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1781.779% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.058%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Bybit is 0.055% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.45 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 | Gate ZHIPU_USDT | 102.87 | 0.0240 | pay 0.0240% / 8h | 6h 16m | $3.0M | $11.6M | 50x |
| Short | Bybit ZHIPUUSDT | 102.93 | 0.2085 | get 0.2085% / 8h | 6h 16m | $387K | $1.3M | 25x |
Gate ZHIPU_USDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. 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
- $387.37
- Price spread: +0.058% → +0.003%
- $5.53
- Slippage, 4 orders
- −$151.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $214.97
- Costs to cover
- 1.779%
- Break-even
- 3.1 days
Slippage from Gate: live order book, 2 min ago; Bybit: 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 Gate live order book, 2 min ago | 6.32 bp | 18.2 bp −$18 | 55.3 bp −$553 | 89.7 bp −$8,968 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.92 bp | 76.7 bp −$77 | 321.7 bp −$3,217 | 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 | 102.39 | −0.467% | $52K | $52K | 20x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 102.88 | +0.010% | $2K | $1.1M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 102.71 | −0.156% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 102.31 | −0.545% | $26K | $2K | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 102.76 | −0.106% | — | — | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0118% | 8h | 102.75 | −0.117% | $53 | $266 | 10x | as long as short |
| Gate ZHIPU_USDTlong | +0.0240% | 8h | 102.87 | long leg | $3.0M | $11.6M | 50x | |
| Bitget ZHIPUUSDT | +0.0509% | 8h | 102.82 | −0.049% | $1.9M | $3.7M | 20x | as long as short |
| Lighter ZHIPU | +0.0536% | 1h | 102.76 | −0.107% | $109K | $20K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0552% | 8h | 102.92 | +0.049% | $5.2M | $16.4M | 25x | as long as short |
Aster ZHIPUUSDT
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Bitget ZHIPUUSDT
Lighter ZHIPU
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0552% | 4h | 102.71 | −0.156% | $41K | $125K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0617% | 4h | 102.53 | −0.331% | $18K | $307K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1385% | 4h | 102.75 | −0.117% | $21.7M | $54.6M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1574% | 1h | 102.77 | −0.097% | $28.3M | $6.0M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1622% | 1h | 102.82 | −0.049% | $37K | $20K | 5x | as long as short |
| Bybit ZHIPUUSDTshort | +0.2085% | 8h | 102.93 | +0.058% | $387K | $1.3M | 25x | |
| edgeX ZHIPUUSDC | +0.2237% | 4h | 101.78 | −1.059% | $20K | $154K | 10x | as long as short |
KuCoin ZHIPUUSDTM
HTX ZHIPU-USDT
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC