Funding you earn now, next payment 04:00 UTC−0.1816%/8h= −198.8% APRpaid last 24h −0.104%
Price spread now: SunX against Bybit−0.177%56s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$342as 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−$3353.347% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 4 days (all we have)+0.405%+$40 · spread now −0.177%, 7d avg +0.002%
=Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and SunX is 0.179% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 56 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 -0.071% in total (about -3.7% 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 | Bybit ZHIPUUSDT | 95.920 | 0.1816 | pay 0.1816% / 8h | 4h 10m | $275K | $1.4M | 25x |
| Short | SunX ZHIPU-USDT | 95.750 | 0 | get 0.0000% / 4h | 10m 28s | $1K | $850K | 10x |
Bybit ZHIPUUSDT
SunX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Bybit. 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
- −$381.31
- Price spread: −0.177% → +0.002%
- −$17.95
- Slippage, 4 orders
- −$315.73
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$733.99
- Costs to cover
- 3.347%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 32 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 Bybit live order book, 1 min ago | 4.17 bp | 48.6 bp −$49 | 208.4 bp −$2,084 | doesn't fit | doesn't fit |
| Sell SunX live order book, 32 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 | 95.750 | −0.177% | $1K | $850K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.880 | −0.042% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.923 | +0.004% | $26K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.830 | −0.094% | $565 | $798 | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0125% | 1h | 95.780 | −0.146% | $36K | $20K | 5x | as long as short |
| Gate ZHIPU_USDT | +0.0158% | 8h | 95.960 | +0.042% | $2.9M | $11.8M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0192% | 1h | 95.918 | −0.003% | — | — | 10x | as long as short |
| Lighter ZHIPU | +0.0232% | 1h | 95.890 | −0.031% | $101K | $20K | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0501% | 4h | 95.930 | +0.010% | $17K | $332K | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0632% | 1h | 95.897 | −0.024% | $26.9M | $7.2M | 10x | as long as short |
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Ondo Perps ZHIPU-USD.P
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Lighter ZHIPU
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | +0.0649% | 8h | 96.042 | +0.127% | $49K | $51K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1134% | 4h | 95.910 | −0.010% | $39K | $126K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1407% | 8h | 95.980 | +0.063% | $1.9M | $3.9M | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1584% | 4h | 95.782 | −0.144% | $22.5M | $62.0M | 25x | as long as short |
| Bybit ZHIPUUSDTlong | +0.1816% | 8h | 95.920 | long leg | $275K | $1.4M | 25x | |
| OKX ZHIPU-USDT-SWAP | +0.1818% | 8h | 95.950 | +0.031% | $5.8M | $16.6M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2384% | 4h | 96.007 | +0.091% | $19K | $151K | 10x | as long as short |
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTM
Bitget ZHIPUUSDT
Binance ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC