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ZHIPU — funding rate on Binance
Binance · ZHIPUUSDT+0.031%per 4h · +0.008%/hshorts receive
last settlement+0.050%→upcoming payout+0.031%• unchanged
1:11:55settlement
0calmheat
Price (mark)
63.1194
+9.5% 24h
Vol 24h
$35.6M
Open interest
—
Price move in 2 min
—
avg 7d
0.000%/h
avg 30d
+0.001%/h
Price and skew
Price and settlements
263 five-minute candles — a day around the event
updown▲ settlement and ratemark price
Liquidations
24h$179K$179K in an hour · no background before that
$40 longs$179K shorts
Shorts were wiped — 100% of the total. $179K over the last hour.
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $0.77 · $0.19/hour
- Net snipe per settlement
- $-3.23 = 0.031% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.19×needs 0.160%+ per settlement
- Liquidation price
- 75.4277 (+19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Settlement window · facts (1)
before cut-off · 5m · the snipe window (1)
avg-0.50%
max-0.50%
after · 5m
avg+6.05%
max+6.05%
before cut-off · 15m
avg-1.69%
max-1.69%
after · 15m
avg+6.05%
max+6.05%
Context and comparison
Funding history · 453 settlements
ZHIPU on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance ← you are here | +0.031% / 4h | +0.008%/h | shorts | -0.129% |
| Bitget | +0.053% / 8h | +0.007%/h | shorts | -0.107% |
| OKX | +0.036% / 8h | +0.005%/h | shorts | -0.124% |
| Bybit | +0.020% / 8h | +0.003%/h | shorts | -0.140% |
Binance← you are here+0.008%/h
shortsrate +0.031% / 4hsnipe -0.129%
Bitget+0.007%/h
shortsrate +0.053% / 8hsnipe -0.107%
OKX+0.005%/h
shortsrate +0.036% / 8hsnipe -0.124%
Bybit+0.003%/h
shortsrate +0.020% / 8hsnipe -0.140%
Max spread across exchanges: +0.005%/h
ZHIPU across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
4 exchanges on one timeline
Binanceevery 4hBybitevery 8hBitgetevery 8hOKXevery 8hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0019%/h
widest spread
0.0476%/h
05.11 13:00 UTC · OKX ↔ Binance
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter short before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a short here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.