Funding you earn now, next payment 12:00 UTC+0.1847%/8h= +202.2% APRpaid last 24h +0.199%
Price spread now: OKX against SunX−0.064%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2722.716% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)−0.423%−$42 · spread now −0.064%, 7d avg −0.005%
=Funding pays, the price is against you. OKX is 0.058% cheaper against SunX than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of −0.005%). If the spread goes back, that is −$6 on $10k: about 3 hours of funding at the current rate (+$55 a day). At the pace of the last 7 days (+0.057% in total) that is about 7.2 days.
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 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 | 94.310 | 0 | get 0.0000% / 4h | 3h 37m | $1K | $405K | 10x |
| Short | OKX ZHIPU-USDT-SWAP | 94.250 | 0.1847 | get 0.1847% / 8h | 7h 37m | $5.2M | $14.9M | 25x |
SunX ZHIPU-USDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $387.85
- Price spread: −0.064% → −0.005%
- −$5.83
- Slippage, 4 orders
- −$253.58
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $110.45
- Costs to cover
- 2.716%
- Break-even
- 5.0 days
Slippage from SunX: live order book, 25 min ago; OKX: live order book, 1 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, 25 min ago | 30.65 bp | 109.0 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.65 bp | 12.2 bp −$12 | 64.1 bp −$641 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.260 | −0.053% | $3.2M | $10.0M | 50x | as long as short |
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 94.310 | long leg | $1K | $405K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.220 | −0.095% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.429 | +0.126% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.480 | +0.180% | $821 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0216% | 1h | 94.456 | +0.155% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0648% | 1h | 94.350 | +0.042% | $100K | $16K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0654% | 4h | 94.220 | −0.095% | $20K | $337K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0723% | 8h | 94.465 | +0.164% | $53K | $33K | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1022% | 1h | 94.337 | +0.029% | $26.6M | $6.9M | 10x | as long as short |
Gate ZHIPU_USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Lighter ZHIPU
HTX ZHIPU-USDT
Aster ZHIPUUSDT
tradeXYZ xyz:ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.1078% | 4h | 94.380 | +0.074% | $38K | $161K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1145% | 4h | 94.182 | −0.135% | $22.0M | $55.2M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.1282% | 8h | 94.390 | +0.085% | $354K | $1.2M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1297% | 1h | 93.880 | −0.456% | $32K | $21K | 5x | as long as short |
| edgeX ZHIPUUSDC | +0.1417% | 4h | 94.513 | +0.215% | $20K | $151K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1478% | 8h | 94.220 | −0.095% | $1.6M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.1847% | 8h | 94.250 | −0.064% | $5.2M | $14.9M | 25x |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC
Bitget ZHIPUUSDT