Funding you earn now, next payment 22:00 UTC+0.0418%/8h= +45.7% APRpaid last 24h −0.029%
Price spread now: SunX against Backpack+2.031%7-day average +2.109% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 3 days (all we have)+0.819%+$82 · spread now +2.031%, 7d avg +2.109%
=Funding pays, the price is against you. SunX is 0.078% cheaper against Backpack than usual: you would sell low and buy high (spread +2.031% now, against its 7-day average of +2.109%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment. 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 | Backpack ZORA_USDC_PERP | 0.008370 | −0.0318 | get 0.0040% / 1h | 50m 44s | $33K | $121K | 10x |
| Short | SunX ZORA-USDT | 0.008540 | 0.0100 | get 0.0050% / 4h | 2h 50m | $1K | $1.2M | 20x |
Backpack ZORA_USDC_PERP
SunX ZORA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Backpack. 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
- $87.74
- Price spread: +2.031% → +2.109%
- −$7.8
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- $61.93
- Costs to cover
- 0.180%
- Break-even
- 2.1 days
Slippage unknown: Backpack: live order book, 37 min ago; SunX: live order book, 3 min ago. Net counts fees only.
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 Backpack live order book, 37 min ago | 1.78 bp | 12.9 bp −$13 | 150.2 bp −$1,502 | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 262.08 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
ZORA 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ZORA_USDC_PERPlong | −0.0318% | 1h | 0.008370 | long leg | $33K | $121K | 10x | |
| dYdX ZORA-USD | 0.0000% | 1h | 0.008376 | +0.072% | $308 | $5 | 5x | as long as short |
| Variational Omni ZORA | +0.0005% | 4h | 0.008374 | +0.047% | $124K | $26K | — | as long as short |
| BingX ZORA-USDT | +0.0070% | 4h | 0.008364 | −0.072% | — | $6.6M | — | as long as short |
| Lighter ZORA | +0.0096% | 1h | 0.008354 | −0.191% | $22K | $11K | 3x | as long as short |
| Aster ZORAUSDT | +0.0100% | 4h | 0.008370 | +0.003% | $26K | $28K | 5x | as long as short |
| Binance ZORAUSDT | +0.0100% | 4h | 0.008368 | −0.023% | $2.5M | $4.0M | 50x | as long as short |
| Bybit ZORAUSDT | +0.0100% | 4h | 0.008357 | −0.155% | $2.2M | $1.6M | 25x | as long as short |
| OKX ZORA-USDT-SWAP | +0.0100% | 4h | 0.008364 | −0.072% | $760K | $963K | 10x | as long as short |
| Gate ZORA_USDT | +0.0100% | 4h | 0.008360 | −0.119% | $154K | $73K | 25x | as long as short |
dYdX ZORA-USD
Variational Omni ZORA
BingX ZORA-USDT
Lighter ZORA
Aster ZORAUSDT
Binance ZORAUSDT
Bybit ZORAUSDT
OKX ZORA-USDT-SWAP
Gate ZORA_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZORA_USDT | +0.0100% | 4h | 0.008367 | −0.036% | $9.7M | $228K | 50x | as long as short |
| KuCoin ZORAUSDTM | +0.0100% | 4h | 0.008367 | −0.036% | $734K | $1.1M | 30x | as long as short |
| Bitget ZORAUSDT | +0.0100% | 4h | 0.008370 | 0.000% | $730K | $214K | 25x | as long as short |
| SunX ZORA-USDTshort | +0.0100% | 4h | 0.008540 | +2.031% | $1K | $1.2M | 20x | |
| Extended ZORA-USD | +0.0104% | 1h | 0.008368 | −0.029% | $6K | $169K | 5x | as long as short |
| GMX ZORA/USD [ETH-USDC] | L +0.0230% / S −0.0433% | 1h | 0.008368 | −0.024% | $1K | — | 100x | as long as short |
| Hyperliquid ZORA | +0.0534% | 1h | 0.008382 | +0.143% | $1.6M | $318K | 3x | as long as short |
MEXC ZORA_USDT
KuCoin ZORAUSDTM
Bitget ZORAUSDT
Extended ZORA-USD
GMX ZORA/USD [ETH-USDC]
Hyperliquid ZORA