ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0969%/8h= +106.1% APRnext payment +$4.85 per $10,000 · paid last 24h +0.161%

Price spread now: Binance against SunX−0.103%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2672.674% of the position

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 2 days (all we have)+0.020%+$2 · spread now −0.103%, 7d avg −0.098%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.098%, so right now this pair is about funding alone: +$29 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.85 per $10,000. 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	106.46	0	get 0.0000% / 4h	2h 58m	$2K	$1.2M	10x
Short	Binance ZHIPUUSDT	106.35	0.0969	get 0.0485% / 4h	2h 58m	$21.4M	$57.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee BinancebpOrdersPrice spread, now −0.103%Rate

Funding earned: $203.56
Price spread: −0.103% → −0.098%: −$0.56
Slippage, 4 orders: −$249.4
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$64.4
Costs to cover: 2.674%
Break-even: 9.2 days

Slippage from SunX: live order book, 5 min ago; Binance: live order book, 14 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, 5 min ago	30.13 bp	108.3 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.89 bp	11.8 bp −$12	38.9 bp −$389	184.2 bp −$18.4K	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	105.94	−0.489%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDTlong	0.0000%	4h	106.46	long leg	$2K	$1.2M	10x
SoDEX ZHIPU-USD	+0.0050%	1h	106.31	−0.141%	$38K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0054%	8h	106.46	0.000%	$2.9M	$10.1M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.39	−0.069%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.28	−0.171%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0173%	8h	106.26	−0.188%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0266%	4h	106.13	−0.310%	$42K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0303%	8h	106.53	+0.066%	$5.1M	$18.8M	25x	as long as short
Bitget ZHIPUUSDT	+0.0329%	8h	106.38	−0.075%	$1.9M	$4.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0842%	4h	106.30	−0.150%	$19K	$308K	20x	as long as short
Binance ZHIPUUSDTshort	+0.0969%	4h	106.35	−0.103%	$21.4M	$57.1M	25x
Lighter ZHIPU	+0.1360%	1h	106.38	−0.075%	$113K	$20K	10x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.229%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2202%	1h	106.39	−0.066%	$29.2M	$7.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2223%	8h	106.41	−0.047%	$405K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.3171%	1h	106.29	−0.160%	$37K	$22K	5x	as long as short