Funding you earn now, next payment 00:00 UTC+0.0351%/8h= +38.4% APRpaid last 24h +0.047%
Price spread now: Bybit against SunX−0.019%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$3083.084% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 3 days (all we have)−0.074%−$7 · spread now −0.019%, 7d avg +0.006%
=Funding pays, the price is against you. Bybit is 0.025% cheaper against SunX than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.006%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.006% in total) that is about 30 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% 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 | 105.31 | 0 | get 0.0000% / 4h | 35m 45s | $1K | $1.2M | 10x |
| Short | Bybit ZHIPUUSDT | 105.29 | 0.0351 | get 0.0351% / 8h | 35m 45s | $304K | $1.3M | 25x |
SunX ZHIPU-USDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $73.72
- Price spread: −0.019% → +0.006%
- −$2.51
- Slippage, 4 orders
- −$289.39
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$237.19
- Costs to cover
- 3.084%
- Break-even
- 29.5 days
Slippage from SunX: live order book, 8 min ago; Bybit: live order book, 5 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, 8 min ago | 31.33 bp | 110.2 bp −$110 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 4.28 bp | 28.6 bp −$29 | 338.8 bp −$3,388 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.06 | −0.236% | $54K | $51K | 20x | as long as short |
| Binance ZHIPUUSDT | 0.0000% | 4h | 105.19 | −0.114% | $20.9M | $57.3M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.32 | +0.009% | $2.9M | $13.3M | 50x | as long as short |
| SunX ZHIPU-USDTlong | 0.0000% | 4h | 105.31 | long leg | $1K | $1.2M | 10x | |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.21 | −0.095% | $19K | $316K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0035% | 8h | 105.39 | +0.076% | $5.0M | $18.6M | 25x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.20 | −0.104% | $37K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.27 | −0.035% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.17 | −0.133% | $41K | $130K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.20 | −0.106% | — | — | 10x | as long as short |
Aster ZHIPUUSDT
Binance ZHIPUUSDT
Gate ZHIPU_USDT
HTX ZHIPU-USDT
OKX ZHIPU-USDT-SWAP
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.0121% | 8h | 105.27 | −0.038% | $1.7M | $4.4M | 20x | as long as short |
| Lighter ZHIPU | +0.0192% | 1h | 105.32 | +0.009% | $120K | $9K | 10x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0204% | 8h | 105.18 | −0.123% | $76 | $266 | 10x | as long as short |
| edgeX ZHIPUUSDC | +0.0275% | 4h | 105.23 | −0.080% | $21K | $150K | 10x | as long as short |
| Bybit ZHIPUUSDTshort | +0.0351% | 8h | 105.29 | −0.019% | $304K | $1.3M | 25x | |
| tradeXYZ xyz:ZHIPU | +0.0759% | 1h | 105.26 | −0.047% | $29.0M | $7.9M | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1078% | 1h | 105.29 | −0.019% | $37K | $22K | 5x | as long as short |
Bitget ZHIPUUSDT
Lighter ZHIPU
Orderly PERP_ZHIPU_USDC_mythos
edgeX ZHIPUUSDC
tradeXYZ xyz:ZHIPU
Ondo Perps ZHIPU-USD.P