Funding you earn now, next payment 08:00 UTC−0.1077%/8h= −117.9% APRnext payment −$5.38 per $10,000 · paid last 24h −0.192%
Price spread now: SunX against Binance+0.271%46s7-day average +0.109% · you sell dearer than you buy
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2652.649% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.271%, 7d avg +0.109%
=The price spread pays, funding is against you. SunX is 0.162% dearer against Binance than usual: you sell high and buy low (spread +0.271% now, against its 7-day average of +0.109%): +$16 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.38 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 | Binance ZHIPUUSDT | 95.790 | 0.1077 | pay 0.0538% / 4h | 2h 01m | $22.7M | $68.9M | 25x |
| Short | SunX ZHIPU-USDT | 96.050 | 0 | get 0.0000% / 4h | 2h 01m | $1K | $847K | 10x |
Binance ZHIPUUSDT
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Binance. 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
- −$226.12
- Price spread: +0.271% → +0.109%
- $16.22
- Slippage, 4 orders
- −$246.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$474.82
- Costs to cover
- 2.649%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; SunX: live order book, 21 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 Binance live order book, 11 min ago | 1.55 bp | 11.4 bp −$11 | 35.1 bp −$351 | 100.6 bp −$10.1K | doesn't fit |
| Sell SunX live order book, 21 min ago | 14.11 bp | 120.8 bp −$121 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 96.050 | +0.271% | $1K | $847K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.850 | +0.063% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.451 | −0.354% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.900 | +0.115% | $833 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0136% | 8h | 95.890 | +0.104% | $3.2M | $12.6M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 95.884 | +0.098% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0464% | 1h | 95.790 | 0.000% | $101K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0824% | 8h | 95.770 | −0.021% | $53K | $57K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0842% | 4h | 95.770 | −0.021% | $38K | $121K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0951% | 1h | 95.850 | +0.063% | $33K | $25K | 5x | as long as short |
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Lighter ZHIPU
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTM
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.1028% | 4h | 95.960 | +0.177% | $20K | $352K | 20x | as long as short |
| Binance ZHIPUUSDTlong | +0.1077% | 4h | 95.790 | long leg | $22.7M | $68.9M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.1309% | 1h | 95.768 | −0.023% | $27.0M | $8.0M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1510% | 8h | 95.880 | +0.094% | $359K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1537% | 8h | 95.830 | +0.042% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1917% | 4h | 95.918 | +0.133% | $20K | $154K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1947% | 8h | 95.900 | +0.115% | $5.5M | $18.6M | 25x | as long as short |
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP