ZHIPU

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	HTXZHIPU-USDT	81.070	+0.0261	pay 0.0130% / 4h	1h 08m	$42K	$138K	20x	Long HTX
SHORT	PopdexZHIPUUSDT	81.200	+0.0048	get 0.0006% / 1h	8m 13s	$105K	$328K	20x	Short Popdex

Price gap+0.160%

Funding gap−0.0213% /8h

The gap pays +$19 on $10k if it goes back to its 7d average, but funding costs $6 a day and eats that in about 3.0 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$3−0.0213% /8h now · paid +0.031% over the last 6 days (all we have)

Price+$19spread +0.160% now, avg −0.031% → +0.191% if it goes back

Costs−$1201.201% of $10k · taker + slippage, in and out

Result−$98−0.98%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 6 days it paid +0.031% in total, about +0.0018%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against HTXnow

RANGE STATS · 7D

Now+0.160%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZHIPU on 18 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

Watch: Thin at this size13.3 / 41.6 bp
At $10k entering Popdex costs 41.6 bp, fee and slippage, 3.1× HTX’s.
Note: Margin at max leverage$500 + $500
HTX 20x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ4h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$6.38Long HTX: 6 payments, −$7.82; short Popdex: 24 payments, +$1.44.
OK: Entry gap works for you+0.160% vs −0.031%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$42K vs $105K OI
HTX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCHTX Limited · Popdex No
No ID for accounts opened since 2026-03-30: futures up to 5x and no API trading; more leverage and the API need level-2 KYC.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0018%/8h × 21 periods+$3.79

Price spread+0.160% → −0.031% (7d avg)+$19.14

Slippage, 4 orderslive order books−$101.65

Fee HTX bp × 2 orders−$12.00

Fee Popdex bp × 2 orders−$6.40

Net · 7 days · $10k−$97.12

Costs to cover1.201%Break-even186.2 days

Slippage: HTX: live order book, 28 min ago; Popdex: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGHTX4.8913.3 bp−$1344.8 bp−$448doesn’t fitdoesn’t fit

SELL · SHORTPopdex7.3041.6 bp−$42doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

ZHIPU news

posts that mention ZHIPU, from every exchangeSearch all news →

09-23 02:03

SoDEX

Listing

📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗