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
SunXZHIPU-USDT
81.19000.0000% / 4h1h 07m$1K$347K10xLong SunX≤10% back
SHORT
PopdexZHIPUUSDT
81.030+0.0048get 0.0006% / 1h7m 08s$105K$328K20xShort Popdex
Price gap−0.197%
Funding gap+0.0048% /8h

Funding pays +$1 a day on $10k, but the gap is 0.121% under its 7d average: −$12 if it goes back, about 8.4 days of funding.

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−$12spread −0.197% now, avg −0.076% → −0.121% if it goes back
Costs−$3403.403% of $10k · taker + slippage, in and out
Result−$344−3.44%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

Popdex price against SunXnow
RANGE STATS · 7D
Now−0.197%
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 size108.9 / 41.6 bp
    At $10k entering SunX costs 108.9 bp, fee and slippage, 2.6× Popdex’s.
  • Note: Margin at max leverage$1,000 + $500
    SunX 10x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ4h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: +$1.44Long SunX: 6 payments, $0.00; short Popdex: 24 payments, +$1.44.
  • Watch: Gap narrower than usual−0.197% vs −0.076%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$1K vs $105K 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 legSunX No · Popdex 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+$10.44
Price spread−0.197% → −0.076% (7d avg)−$12.08
Slippage, 4 orderslive order books−$325.94
Fee SunX bp × 2 orders−$8.00
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k−$341.98
Costs to cover3.403%Break-even236.2 days
Slippage: SunX: live order book, 20 min ago; Popdex: live order book, 31 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGSunX30.81108.9 bp−$109doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex7.3041.6 bp−$42doesn’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 ↗