Funding you earn now, next payment 12:00 UTC−0.1186%/8h= −129.8% APRpaid last 24h −0.199%
Price spread now: SunX against OKX−0.021%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costs−$267as in the Price arb table
costs, in and out, $10k−$2652.646% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.021%, 7d avg +0.005%
=Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and SunX is 0.027% cheaper against OKX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZHIPU-USDT-SWAP | 94.960 | 0.1186 | pay 0.1186% / 8h | 5h 45m | $5.1M | $15.3M | 25x |
| Short | SunX ZHIPU-USDT | 94.940 | 0 | get 0.0000% / 4h | 1h 45m | $1K | $395K | 10x |
OKX ZHIPU-USDT-SWAP
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against OKX. 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
- −$248.96
- Price spread: −0.021% → +0.005%
- −$2.65
- Slippage, 4 orders
- −$246.65
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$516.26
- Costs to cover
- 2.646%
- Break-even
- never at this rate
Slippage from OKX: live order book, just now; SunX: live order book, 57 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 OKX live order book, just now | 0.53 bp | 9.2 bp −$9 | 9.7 bp −$97 | doesn't fit | doesn't fit |
| Sell SunX live order book, 57 min ago | 30.58 bp | 136.9 bp −$137 | doesn't fit | doesn't fit | doesn't fit |
ZHIPU on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.940 | −0.021% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 94.940 | −0.021% | $1K | $395K | 10x | |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.890 | −0.074% | $16K | $347K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.780 | −0.190% | $100K | $16K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.840 | −0.126% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.898 | −0.065% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.860 | −0.105% | $39K | $272K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.880 | −0.084% | $824 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.871 | −0.093% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0142% | 8h | 94.765 | −0.205% | $54K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
HTX ZHIPU-USDT
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0399% | 4h | 94.860 | −0.105% | $22.0M | $55.8M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.0595% | 8h | 94.860 | −0.105% | $356K | $1.2M | 25x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0670% | 1h | 94.864 | −0.101% | $26.6M | $6.9M | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0766% | 8h | 94.930 | −0.032% | $1.6M | $4.0M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.0832% | 4h | 94.873 | −0.092% | $20K | $151K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0838% | 1h | 94.860 | −0.105% | $32K | $19K | 5x | as long as short |
| OKX ZHIPU-USDT-SWAPlong | +0.1186% | 8h | 94.960 | long leg | $5.1M | $15.3M | 25x |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P