Funding you earn now, next payment 04:00 UTC−0.2739%/8h= −300.0% APRnext payment −$13.70 per $10,000 · paid last 24h −0.303%
Price spread now: SunX against edgeX−0.451%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$350as in the Funding arb table
Net, price: spread back to 7d avg − costs−$335as in the Price arb table
costs, in and out, $10k−$2942.935% of the position
Funding, last 7 days−0.562%−$56 on $10k
+Price spread, last 4 days (all we have)+0.672%+$67 · spread now −0.451%, 7d avg −0.037%
=Together, before fees+0.110%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$82 a day on $10k at the current rate, and SunX is 0.415% cheaper against edgeX than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.562% in total (about -29.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.70 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 | edgeX ZHIPUUSDC | 96.656 | 0.2739 | pay 0.1370% / 4h | 34m 36s | $19K | $150K | 10x |
| Short | SunX ZHIPU-USDT | 96.220 | 0 | get 0.0000% / 4h | 34m 36s | $2K | $842K | 10x |
edgeX ZHIPUUSDC
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against edgeX. 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
- −$575.3
- Price spread: −0.451% → −0.037%
- −$41.49
- Slippage, 4 orders
- −$276.54
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$910.32
- Costs to cover
- 2.935%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 22 min ago; SunX: live order book, 8 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 edgeX live order book, 22 min ago | 12.27 bp | 21.0 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 8 min ago | 16.46 bp | 147.7 bp −$148 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 96.220 | −0.451% | $2K | $842K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.130 | −0.545% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.176 | −0.497% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.150 | −0.524% | $567 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 96.206 | −0.466% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0283% | 8h | 96.440 | −0.224% | $3.0M | $11.5M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0410% | 1h | 95.990 | −0.689% | $36K | $20K | 5x | as long as short |
| Lighter ZHIPU | +0.0656% | 1h | 96.350 | −0.317% | $101K | $20K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0709% | 8h | 96.430 | −0.234% | $50K | $51K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0881% | 4h | 96.110 | −0.565% | $17K | $327K | 20x | as long as short |
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Lighter ZHIPU
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1066% | 1h | 96.378 | −0.288% | $27.1M | $7.1M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1480% | 4h | 96.380 | −0.286% | $39K | $124K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1501% | 8h | 96.420 | −0.245% | $1.9M | $3.9M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1828% | 8h | 96.560 | −0.100% | $5.6M | $16.3M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2087% | 4h | 96.280 | −0.389% | $22.5M | $60.4M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2371% | 8h | 96.360 | −0.307% | $291K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDClong | +0.2739% | 4h | 96.656 | long leg | $19K | $150K | 10x |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT