Funding you earn now, next payment 08:00 UTC+0.1496%/8h= +163.8% APRpaid last 24h +0.104%
Price spread now: Bybit against SunX−0.105%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3333.328% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.105%, 7d avg −0.003%
=Funding pays, the price is against you. Bybit is 0.102% cheaper against SunX than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.003%). If the spread goes back, that is −$10 on $10k: about 5 hours of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.071% in total) that is about 10 days.
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 | SunX ZHIPU-USDT | 95.310 | 0 | get 0.0000% / 4h | 1h 26m | $2K | $770K | 10x |
| Short | Bybit ZHIPUUSDT | 95.210 | 0.1496 | get 0.1496% / 8h | 1h 26m | $356K | $1.5M | 25x |
SunX ZHIPU-USDT
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $314.1
- Price spread: −0.105% → −0.003%
- −$10.24
- Slippage, 4 orders
- −$313.84
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$28.97
- Costs to cover
- 3.328%
- Break-even
- 7.6 days
Slippage from SunX: live order book, 56 min ago; Bybit: 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, 56 min ago | 14.11 bp | 122.3 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 1.57 bp | 30.3 bp −$30 | 193.6 bp −$1,936 | 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 | 95.310 | long leg | $2K | $770K | 10x | |
| Lighter ZHIPU | +0.0032% | 1h | 95.280 | −0.031% | $100K | $17K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.170 | −0.147% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.044 | −0.279% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.180 | −0.136% | $827 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0180% | 8h | 95.290 | −0.021% | $3.2M | $11.9M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 95.183 | −0.133% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0543% | 1h | 95.050 | −0.273% | $33K | $23K | 5x | as long as short |
| HTX ZHIPU-USDT | +0.0891% | 4h | 95.250 | −0.063% | $21K | $350K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0906% | 8h | 95.250 | −0.063% | $53K | $54K | 20x | as long as short |
Lighter ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
HTX ZHIPU-USDT
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0943% | 1h | 95.182 | −0.134% | $26.8M | $7.8M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0956% | 4h | 95.220 | −0.094% | $38K | $119K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1082% | 4h | 95.201 | −0.115% | $22.4M | $66.3M | 25x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1496% | 8h | 95.210 | −0.105% | $356K | $1.5M | 25x | |
| Bitget ZHIPUUSDT | +0.1607% | 8h | 95.230 | −0.084% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1711% | 4h | 95.341 | +0.032% | $20K | $153K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1981% | 8h | 95.270 | −0.042% | $5.4M | $18.4M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP