Funding you earn now, next payment 04:00 UTC+0.1309%/8h= +143.3% APRnext payment +$6.54 per $10,000 · paid last 24h +0.022%
Price spread now: HTX against SunX−0.206%57s7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as 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−$2732.735% of the position
Funding, last 7 days−0.113%−$11 on $10k
+Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.206%, 7d avg −0.096%
=Funding pays, the price is against you. HTX is 0.110% cheaper against SunX than usual: you would sell low and buy high (spread −0.206% now, against its 7-day average of −0.096%). If the spread goes back, that is −$11 on $10k: about 7 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.113% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.54 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 | 106.58 | 0 | get 0.0000% / 4h | 2h 39m | $1K | $1.1M | 10x |
| Short | HTX ZHIPU-USDT | 106.36 | 0.1309 | get 0.0654% / 4h | 2h 39m | $19K | $308K | 20x |
SunX ZHIPU-USDT
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $274.82
- Price spread: −0.206% → −0.096%
- −$11.01
- Slippage, 4 orders
- −$253.48
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$9.68
- Costs to cover
- 2.735%
- Break-even
- 7.2 days
Slippage from SunX: live order book, 4 min ago; HTX: live order book, 28 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, 4 min ago | 30.43 bp | 109.2 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 28 min ago | 3.76 bp | 13.9 bp −$14 | 38.2 bp −$382 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 106.34 | −0.221% | $54K | $51K | 20x | as long as short |
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 106.58 | long leg | $1K | $1.1M | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 106.14 | −0.413% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 106.38 | −0.191% | $23K | $20 | 3x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 106.24 | −0.322% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0166% | 8h | 106.10 | −0.450% | $2.9M | $10.5M | 50x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0207% | 8h | 106.27 | −0.291% | $55 | $266 | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0414% | 8h | 106.24 | −0.319% | $5.1M | $18.3M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.0474% | 8h | 106.14 | −0.413% | $2.0M | $4.4M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0496% | 4h | 106.27 | −0.291% | $43K | $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 | +0.1032% | 1h | 106.64 | +0.056% | $113K | $20K | 10x | as long as short |
| HTX ZHIPU-USDTshort | +0.1309% | 4h | 106.36 | −0.206% | $19K | $308K | 20x | |
| Binance ZHIPUUSDT | +0.1401% | 4h | 106.25 | −0.311% | $21.7M | $56.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1521% | 4h | 106.79 | +0.201% | $21K | $151K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.2203% | 1h | 106.26 | −0.300% | $29.0M | $6.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2591% | 8h | 106.33 | −0.235% | $404K | $1.4M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.3141% | 1h | 106.71 | +0.122% | $37K | $23K | 5x | as long as short |
Lighter ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P