Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

ZHIPU

RWAAll ZHIPU markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PopdexZHIPUUSDT
80.530+0.0048pay 0.0006% / 1h23m 01s$106K$329K20xLong Popdex
SHORT
SunXZHIPU-USDT
80.57000.0000% / 4h23m 01s$1K$346K10xShort SunX≤10% back
Price gap+0.050%
Funding gap−0.0048% /8h

Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.027% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$9−0.0048% /8h now · paid −0.086% over the last 6 days (all we have)
Price−$3spread +0.050% now, avg +0.077% → −0.027% if it goes back
Costs−$3083.080% of $10k · taker + slippage, in and out
Result−$319−3.19%no pointsWhat the last 7D really paid, hour by hour → backtest

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

SunX price against Popdexnow
RANGE STATS · 7D
Now+0.050%
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 size26.5 / 137.1 bp
    At $10k entering SunX costs 137.1 bp, fee and slippage, 5.2× Popdex’s.
  • Note: Margin at max leverage$500 + $1,000
    Popdex 20x, SunX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ1h / 4h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short SunX: 6 payments, $0.00.
  • Watch: Gap narrower than usual+0.050% vs +0.077%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$1K vs $106K OI
    SunX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legPopdex No · SunX No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0050%/8h × 21 periods−$10.46
Price spread+0.050% → +0.077% (7d avg)−$2.70
Slippage, 4 orderslive order books−$293.64
Fee Popdex bp × 2 orders−$6.40
Fee SunX bp × 2 orders−$8.00
Net · 7 days · $10k−$321.20
Costs to cover3.080%Break-evennever at this rate
Slippage: Popdex: live order book, 10 min ago; SunX: live order book, 64 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex3.1126.5 bp−$26doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTSunX30.81137.1 bp−$137doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

ZHIPU news

posts that mention ZHIPU, from every exchangeSearch all news →
09-23 02:03SoDEXListing📊 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 ↗