Funding you earn now, next payment 04:00 UTC−0.1419%/8h= −155.4% APRpaid last 24h −0.206%
Price spread now: SunX against tradeXYZ+0.194%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$322as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
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)+0.246%+$25 · spread now +0.194%, 7d avg −0.040%
=Together, before fees−0.241%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.235% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of −0.040%): +$23 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.486% in total) that is about 3.4 days.
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 | tradeXYZ xyz:ZHIPU | 97.730 | 0.1419 | pay 0.0177% / 1h | 58m 58s | $27.3M | $6.9M | 10x |
| Short | SunX ZHIPU-USDT | 97.920 | 0 | get 0.0000% / 4h | 58m 58s | $1K | $864K | 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
- −$297.96
- Price spread: +0.194% → −0.040%
- $23.47
- Slippage, 4 orders
- −$247.74
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$548.23
- Costs to cover
- 2.737%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; SunX: live order book, 54 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 | 2.43 bp | 13.8 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 54 min ago | 31.72 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDTshort | 0.0000% | 4h | 97.920 | +0.194% | $1K | $864K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 97.670 | −0.061% | $35K | $3K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0050% | 1h | 97.970 | +0.246% | $37K | $21K | 5x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 97.477 | −0.258% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 97.660 | −0.072% | $576 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0152% | 1h | 97.742 | +0.012% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0383% | 8h | 97.850 | +0.123% | $3.0M | $11.0M | 50x | as long as short |
| Aster ZHIPUUSDT | +0.0605% | 8h | 97.799 | +0.071% | $50K | $52K | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1090% | 4h | 97.770 | +0.041% | $18K | $324K | 20x | as long as short |
| Lighter ZHIPU | +0.1256% | 1h | 97.730 | 0.000% | $103K | $20K | 10x | as long as short |
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-USDT
Lighter ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZHIPUUSDT | +0.1386% | 8h | 97.880 | +0.153% | $1.9M | $3.8M | 20x | as long as short |
| tradeXYZ xyz:ZHIPUlong | +0.1419% | 1h | 97.730 | long leg | $27.3M | $6.9M | 10x | |
| KuCoin ZHIPUUSDTM | +0.1524% | 4h | 97.530 | −0.205% | $39K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1631% | 8h | 97.990 | +0.266% | $5.5M | $15.8M | 25x | as long as short |
| Binance ZHIPUUSDT | +0.2233% | 4h | 97.758 | +0.029% | $22.6M | $58.9M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.2736% | 8h | 97.900 | +0.174% | $364K | $1.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2809% | 4h | 98.298 | +0.581% | $19K | $151K | 10x | as long as short |
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC