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ZHIPU — funding rate on Bybit
Bybit · ZHIPUUSDT+0.012%per 8h · +0.002%/hshorts receive
last settlement+0.044%→upcoming payout+0.012%• unchanged
4:36:24settlement
0calmheat
Price (mark)
56.52
+4.2% 24h
Vol 24h
$1.2M
Open interest
$495K
Price move in 2 min
—
avg 7d
-0.001%/h
avg 30d
0.000%/h
Price and skew
Event life curvePRO · open for now
Across 8 closed events of this pair: a typical one lives 27m, the peak usually lands within the first 5 min
median across 8 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 5 of 8 cases
median accrued 0.03%; in at least half the events price moved in the receiver's favour
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (8h)
- $0.31 · $0.04/hour
- Net snipe per settlement
- $-3.69 = 0.012% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.08×needs 0.160%+ per settlement
- Liquidation price
- 67.5414 (+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 · 273 settlements
ZHIPU on 4 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Binance | +0.032% / 4h | +0.008%/h | shorts | -0.128% |
| Bitget | +0.056% / 8h | +0.007%/h | shorts | -0.104% |
| OKX | +0.018% / 8h | +0.002%/h | shorts | -0.142% |
| Bybit ← you are here | +0.012% / 8h | +0.002%/h | shorts | -0.148% |
Binance+0.008%/h
shortsrate +0.032% / 4hsnipe -0.128%
Bitget+0.007%/h
shortsrate +0.056% / 8hsnipe -0.104%
OKX+0.002%/h
shortsrate +0.018% / 8hsnipe -0.142%
Bybit← you are here+0.002%/h
shortsrate +0.012% / 8hsnipe -0.148%
Max spread across exchanges: +0.006%/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.