Funding you earn now, next payment 04:00 UTC+0.1295%/8h= +141.8% APRnext payment +$6.47 per $10,000 · paid last 24h +0.161%
Price spread now: Binance against SunX−0.196%46s7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$274as 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−$2692.689% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 2 days (all we have)+0.114%+$11 · spread now −0.196%, 7d avg −0.104%
=Funding pays, the price is against you. Binance is 0.092% cheaper against SunX than usual: you would sell low and buy high (spread −0.196% now, against its 7-day average of −0.104%). If the spread goes back, that is −$9 on $10k: about 6 hours of funding at the current rate (+$39 a day). 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 -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.47 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 | SunX ZHIPU-USDT | 107.00 | 0 | get 0.0000% / 4h | 2h 44m | $2K | $1.1M | 10x |
| Short | Binance ZHIPUUSDT | 106.79 | 0.1295 | get 0.0647% / 4h | 2h 44m | $21.8M | $56.6M | 25x |
SunX ZHIPU-USDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against SunX. 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
- $271.87
- Price spread: −0.196% → −0.104%
- −$9.22
- Slippage, 4 orders
- −$250.92
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$6.27
- Costs to cover
- 2.689%
- Break-even
- 7.2 days
Slippage from SunX: live order book, 9 min ago; Binance: live order book, 13 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 SunX live order book, 9 min ago | 30.10 bp | 108.4 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.35 bp | 11.4 bp −$11 | 37.4 bp −$374 | 176.6 bp −$17.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 106.19 | −0.761% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 107.00 | long leg | $2K | $1.1M | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.83 | −0.159% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.83 | −0.162% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.89 | −0.103% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0170% | 8h | 106.95 | −0.047% | $2.9M | $10.4M | 50x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0198% | 8h | 106.85 | −0.140% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0398% | 8h | 107.04 | +0.037% | $5.1M | $18.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.0453% | 8h | 106.88 | −0.112% | $2.0M | $4.5M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0468% | 4h | 106.87 | −0.121% | $44K | $128K | 20x | as long as short |
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Orderly PERP_ZHIPU_USDC_mythos
OKX ZHIPU-USDT-SWAP
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1136% | 1h | 106.85 | −0.140% | $113K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1267% | 4h | 107.08 | +0.075% | $19K | $307K | 20x | as long as short |
| Binance ZHIPUUSDTshort | +0.1295% | 4h | 106.79 | −0.196% | $21.8M | $56.6M | 25x | |
| edgeX ZHIPUUSDC | +0.1430% | 4h | 106.84 | −0.151% | $21K | $152K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.2377% | 1h | 106.81 | −0.178% | $29.1M | $7.4M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2667% | 8h | 107.02 | +0.019% | $404K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.3236% | 1h | 107.29 | +0.271% | $37K | $24K | 5x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P