Funding you earn now, next payment 08:00 UTC−0.1311%/8h= −143.6% APRpaid last 24h −0.052%
Price spread now: SunX against Bitget−0.208%50s7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$282as 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−$2802.805% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.208%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and SunX is 0.239% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.031%). Swap the legs. The two prices were read 50 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 -0.011% in total (about -0.6% 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 | Bitget ZHIPUUSDT | 96.280 | 0.1311 | pay 0.1311% / 8h | 3h 13m | $1.8M | $4.1M | 20x |
| Short | SunX ZHIPU-USDT | 96.080 | 0 | get 0.0000% / 4h | 3h 13m | $2K | $847K | 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
- −$275.31
- Price spread: −0.208% → +0.031%
- −$23.92
- Slippage, 4 orders
- −$260.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$579.71
- Costs to cover
- 2.805%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; SunX: live order book, 19 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, 4 min ago | 3.12 bp | 17.8 bp −$18 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell SunX live order book, 19 min ago | 31.14 bp | 137.9 bp −$138 | 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 | 96.080 | −0.208% | $2K | $847K | 10x | |
| Lighter ZHIPU | +0.0032% | 1h | 96.140 | −0.145% | $101K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0045% | 4h | 96.120 | −0.166% | $19K | $336K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.030 | −0.260% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0056% | 8h | 96.270 | −0.010% | $2.9M | $11.9M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.076 | −0.212% | $27K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.020 | −0.270% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0200% | 1h | 96.006 | −0.284% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0482% | 8h | 96.053 | −0.236% | $50K | $51K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0684% | 4h | 96.140 | −0.145% | $39K | $121K | 20x | as long as short |
Lighter ZHIPU
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Gate ZHIPU_USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0796% | 1h | 96.030 | −0.260% | $36K | $20K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0861% | 1h | 96.096 | −0.191% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.0959% | 4h | 96.163 | −0.122% | $22.5M | $63.5M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1183% | 4h | 96.026 | −0.264% | $19K | $151K | 10x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1311% | 8h | 96.280 | long leg | $1.8M | $4.1M | 20x | |
| Bybit ZHIPUUSDT | +0.1372% | 8h | 96.160 | −0.125% | $266K | $1.4M | 25x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1706% | 8h | 96.350 | +0.073% | $5.7M | $17.1M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
OKX ZHIPU-USDT-SWAP