Funding you earn now, next payment 12:00 UTC−0.0487%/8h= −53.3% APRpaid last 24h −0.174%
Price spread now: SunX against Bitget+0.011%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2752.748% of the position
Funding, last 7 days+0.022%+$2 on $10k
+Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.011%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and SunX is 0.022% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.033%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ZHIPUUSDT | 94.880 | 0.0487 | pay 0.0487% / 8h | 4h 56m | $1.6M | $4.0M | 20x |
| Short | SunX ZHIPU-USDT | 94.890 | 0 | get 0.0000% / 4h | 56m 10s | $1K | $394K | 10x |
Bitget ZHIPUUSDT
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bitget. 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
- −$102.27
- Price spread: +0.011% → +0.033%
- −$2.22
- Slippage, 4 orders
- −$254.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$379.31
- Costs to cover
- 2.748%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; SunX: live order book, 38 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 Bitget live order book, 5 min ago | 2.11 bp | 14.9 bp −$15 | 28.0 bp −$280 | doesn't fit | doesn't fit |
| Sell SunX live order book, 38 min ago | 30.03 bp | 137.2 bp −$137 | doesn't fit | doesn't fit | doesn't fit |
ZHIPU on 17 exchanges
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 | 94.860 | −0.021% | $54K | $33K | 20x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.890 | +0.011% | $3.3M | $10.0M | 50x | as long as short |
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 94.890 | +0.011% | $1K | $394K | 10x | |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.820 | −0.063% | $16K | $345K | 20x | as long as short |
| Lighter ZHIPU | +0.0032% | 1h | 94.770 | −0.116% | $100K | $15K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0050% | 1h | 94.812 | −0.072% | $26.6M | $6.8M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.810 | −0.074% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.858 | −0.023% | $43K | $12K | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 94.860 | −0.021% | $39K | $313K | 20x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.870 | −0.011% | $824 | $798 | 10x | as long as short |
Aster ZHIPUUSDT
Gate ZHIPU_USDT
HTX ZHIPU-USDT
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Orderly PERP_ZHIPU_USDC_mythosShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ZHIPU-PERP | +0.0104% | 1h | 94.837 | −0.045% | — | — | 10x | as long as short |
| Binance ZHIPUUSDT | +0.0179% | 4h | 94.815 | −0.068% | $22.0M | $55.9M | 25x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0215% | 1h | 94.990 | +0.116% | $32K | $18K | 5x | as long as short |
| edgeX ZHIPUUSDC | +0.0284% | 4h | 94.860 | −0.021% | $20K | $150K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0300% | 8h | 94.910 | +0.032% | $356K | $1.2M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.0487% | 8h | 94.880 | long leg | $1.6M | $4.0M | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.0941% | 8h | 94.890 | +0.011% | $5.1M | $15.4M | 25x | as long as short |
Aevo ZHIPU-PERP
Binance ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAP