Funding you earn now, next payment 08:00 UTC−0.1773%/8h= −194.1% APRnext payment −$8.86 per $10,000 · paid last 24h −0.350%
Price spread now: SunX against edgeX+0.082%46s7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$335as 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−$2792.790% of the position
Funding, last 7 days−0.564%−$56 on $10k
+Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.082%, 7d avg −0.039%
=Together, before fees−0.604%+ Points / potential airdropedgeX: Active · farm board−$60 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.121% dearer against edgeX than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.039%): +$12 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.564% in total) that is about 36 hours. 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 -0.564% in total (about -29.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.86 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 | edgeX ZHIPUUSDC | 96.171 | 0.1773 | pay 0.0886% / 4h | 2h 05m | $20K | $154K | 10x |
| Short | SunX ZHIPU-USDT | 96.250 | 0 | get 0.0000% / 4h | 2h 05m | $1K | $850K | 10x |
edgeX ZHIPUUSDC
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against edgeX. 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
- −$372.32
- Price spread: +0.082% → −0.039%
- $12.12
- Slippage, 4 orders
- −$261.99
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$639.19
- Costs to cover
- 2.790%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 41 min ago; SunX: live order book, 17 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 edgeX live order book, 41 min ago | 6.35 bp | 22.6 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 17 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 | 96.250 | +0.082% | $1K | $850K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.070 | −0.105% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.734 | −0.454% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.110 | −0.063% | $835 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0118% | 8h | 96.110 | −0.063% | $3.2M | $12.6M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0232% | 1h | 96.123 | −0.049% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0472% | 1h | 95.990 | −0.188% | $101K | $20K | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0772% | 4h | 96.090 | −0.084% | $39K | $121K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0794% | 8h | 96.253 | +0.086% | $53K | $57K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0884% | 1h | 96.470 | +0.311% | $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
KuCoin ZHIPUUSDTM
Aster ZHIPUUSDT
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 | +0.0961% | 4h | 96.260 | +0.093% | $20K | $353K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1036% | 4h | 96.030 | −0.147% | $22.7M | $69.1M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1282% | 1h | 96.001 | −0.176% | $27.1M | $8.0M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1460% | 8h | 96.100 | −0.074% | $359K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1505% | 8h | 96.050 | −0.126% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDClong | +0.1773% | 4h | 96.171 | long leg | $20K | $154K | 10x | |
| OKX ZHIPU-USDT-SWAP | +0.1904% | 8h | 96.160 | −0.011% | $5.5M | $18.6M | 25x | as long as short |
HTX ZHIPU-USDT
Binance ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP