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ZHIPU — funding rate on Bybit
Bybit · ZHIPUUSDT+0.250%per 8h · +0.031%/hshorts receive
last settlement+0.152%→upcoming payout+0.250%▲ heating up
7:50:56settlement
2calmheat
Price (mark)
81.65
-2.0% 24h
Vol 24h
$2.9M
Open interest
$1.5M
Price move in 2 min
—
avg 7d
+0.003%/h
avg 30d
+0.002%/h
Price and skew
Liquidations
24h$751
$751 longs$0 shorts
Longs were wiped — 100% of the total. Quiet over the last hour.
Event life curvePRO · open for now
Across 6 closed events of this pair: a typical one lives 33m, the peak usually lands at minute 2.5–7.5
median across 6 eventsmedian peak minute
at later minutes only long-livers remain in the sample — the curve is conditional, not «acceleration»
How they ended: funding covered the adverse price move in 2 of 6 cases
median — 0.04% accrued against a 0.31% move
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $6.26 · $0.78/hour
- Net snipe per settlement
- $2.26 = 0.250% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 1.56×needs 0.160%+ per settlement
- Liquidation price
- 97.5718 (+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.
Context and comparison
Funding history · 175 settlements
ZHIPU on 3 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit ← you are here | +0.250% / 8h | +0.031%/h | shorts | +0.090% |
| Bitget | +0.154% / 8h | +0.019%/h | shorts | -0.006% |
| Binance | +0.062% / 4h | +0.016%/h | shorts | -0.098% |
Bybit← you are here+0.031%/h
shortsrate +0.250% / 8hsnipe +0.090%
Bitget+0.019%/h
shortsrate +0.154% / 8hsnipe -0.006%
Binance+0.016%/h
shortsrate +0.062% / 4hsnipe -0.098%
Max spread across exchanges: +0.016%/h
ZHIPU across all exchanges: comparison & curves →Rates across exchangesPRO · open for now
3 exchanges on one timeline
Bybitevery 8hBitgetevery 8hBinanceevery 4hrate 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
0.0030%/h
widest spread
0.0325%/h
18.09 09:00 UTC · Bitget ↔ 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.