Funding you earn now, next payment 09:00 UTC−0.1915%/8h= −209.7% APRpaid last 24h −0.221%
Price spread now: SunX against tradeXYZ+0.175%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2742.744% of the position
Funding, last 7 days−0.457%−$46 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.175%, 7d avg −0.034%
=Together, before fees−0.619%+ Points / potential airdroptradeXYZ: Active · farm board−$62 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.208% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.034%): +$21 on $10k if it goes back. Holding the pair costs −$57 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.457% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.457% in total (about -23.8% 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 | tradeXYZ xyz:ZHIPU | 94.505 | 0.1915 | pay 0.0239% / 1h | 59m 07s | $26.7M | $7.2M | 10x |
| Short | SunX ZHIPU-USDT | 94.670 | 0 | get 0.0000% / 4h | 3h 59m | $1K | $434K | 10x |
tradeXYZ xyz:ZHIPU
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against tradeXYZ. 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
- −$402.13
- Price spread: +0.175% → −0.034%
- $20.81
- Slippage, 4 orders
- −$248.36
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$655.67
- Costs to cover
- 2.744%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; SunX: live order book, 3 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 tradeXYZ live order book, 10 min ago | 1.53 bp | 14.6 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 3 min ago | 30.65 bp | 136.7 bp −$137 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZHIPUUSDT | 0.0000% | 8h | 94.630 | +0.132% | $354K | $1.2M | 25x | as long as short |
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 94.670 | +0.175% | $1K | $434K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.530 | +0.026% | $34K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 94.720 | +0.228% | $32K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.467 | −0.040% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.500 | −0.005% | $821 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 94.538 | +0.035% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0205% | 8h | 94.760 | +0.270% | $3.2M | $9.8M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0834% | 8h | 94.510 | +0.005% | $53K | $33K | 20x | as long as short |
| Lighter ZHIPU | +0.0904% | 1h | 94.560 | +0.058% | $100K | $16K | 10x | as long as short |
Bybit ZHIPUUSDT
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Aster ZHIPUUSDT
Lighter ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0974% | 4h | 94.530 | +0.026% | $38K | $140K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0985% | 4h | 94.695 | +0.201% | $22.3M | $55.9M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1454% | 8h | 94.780 | +0.291% | $1.6M | $3.9M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1585% | 4h | 94.519 | +0.015% | $20K | $152K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.1672% | 4h | 94.700 | +0.206% | $20K | $349K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1827% | 8h | 94.930 | +0.450% | $5.2M | $15.4M | 25x | as long as short |
| tradeXYZ xyz:ZHIPUlong | +0.1915% | 1h | 94.505 | long leg | $26.7M | $7.2M | 10x |
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
HTX ZHIPU-USDT
OKX ZHIPU-USDT-SWAP