Funding you earn now, next payment 04:00 UTC+0.1299%/8h= +142.3% APRpaid last 24h +0.206%
Price spread now: tradeXYZ against SunX−0.797%52s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2742.737% of the position
Funding, last 7 days+0.486%+$49 on $10k
+Price spread, last 4 days (all we have)+0.357%+$36 · spread now −0.797%, 7d avg +0.040%
=Together, before fees+0.843%+ Points / potential airdroptradeXYZ: Active · farm board+$84 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.837% cheaper against SunX than usual: you would sell low and buy high (spread −0.797% now, against its 7-day average of +0.040%). If the spread goes back, that is −$84 on $10k: about 2.1 days of funding at the current rate (+$39 a day). At the pace of the last 7 days (+0.486% in total) that is about 12 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.486% in total (about 25.4% 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 | 98.520 | 0 | get 0.0000% / 4h | 59m 28s | $1K | $864K | 10x |
| Short | tradeXYZ xyz:ZHIPU | 97.735 | 0.1299 | get 0.0162% / 1h | 59m 28s | $27.3M | $6.9M | 10x |
SunX ZHIPU-USDT
tradeXYZ xyz:ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $272.84
- Price spread: −0.797% → +0.040%
- −$83.7
- Slippage, 4 orders
- −$247.74
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$84.59
- Costs to cover
- 2.737%
- Break-even
- 9.2 days
Slippage from SunX: live order book, 53 min ago; tradeXYZ: live order book, 10 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, 53 min ago | 31.72 bp | 110.6 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 2.43 bp | 12.7 bp −$13 | 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-USDTlong | 0.0000% | 4h | 98.520 | long leg | $1K | $864K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 98.250 | −0.274% | $35K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 97.970 | −0.558% | $37K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 97.477 | −1.058% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 98.230 | −0.294% | $579 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0152% | 1h | 98.273 | −0.251% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0383% | 8h | 97.730 | −0.802% | $3.0M | $10.9M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0605% | 8h | 97.838 | −0.692% | $50K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1102% | 4h | 98.220 | −0.305% | $18K | $324K | 20x | as long as short |
| tradeXYZ xyz:ZHIPUshort | +0.1299% | 1h | 97.735 | −0.797% | $27.3M | $6.9M | 10x |
SoDEX ZHIPU-USD
Ondo Perps ZHIPU-USD.P
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Aster ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ZHIPU | +0.1328% | 1h | 97.560 | −0.974% | $103K | $20K | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1386% | 8h | 97.710 | −0.822% | $1.9M | $3.8M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1524% | 4h | 97.580 | −0.954% | $39K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1615% | 8h | 98.030 | −0.497% | $5.5M | $15.8M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2233% | 4h | 97.570 | −0.964% | $22.5M | $58.9M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2736% | 8h | 97.800 | −0.731% | $364K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2809% | 4h | 98.298 | −0.226% | $19K | $151K | 10x | as long as short |
Lighter ZHIPU
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC