Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1698%/8h= +186.0% APRnext payment +$8.49 per $10,000 · paid last 24h +0.312%
Price spread now: edgeX against SunX−0.043%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$439as in the Price arb table
costs, in and out, $10k−$4314.308% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.539%+$54 on $10k
Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.043%, 7d avg +0.036%
Together, before fees+0.555%+ Points / potential airdropedgeX: Active · farm board+$55 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.079% cheaper against SunX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.036%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.539% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.539% in total (about 28.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ZHIPU-USDT106.410get 0.0000% / 4h2h 57m$2K$1.2M10x
ShortedgeX ZHIPUUSDC106.360.1698get 0.0849% / 4h2h 57m$21K$150K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$356.67
Price spread: −0.043% → +0.036%
−$7.92
Slippage, 4 orders
−$413.84
Fee SunX: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$82.1
Costs to cover
4.308%
Break-even
8.6 days
Slippage from SunX: live order book, 6 min ago; edgeX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 6 min ago30.13 bp108.3 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 9 min ago11.27 bp91.6 bp −$92doesn't fitdoesn't fitdoesn't fit

ZHIPU on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZHIPUUSDT0.0000%8h105.95−0.431%$54K$51K20xas long as short
SunX ZHIPU-USDTlong0.0000%4h106.41long leg$2K$1.2M10x
SoDEX ZHIPU-USD+0.0050%1h106.33−0.075%$38K$3K10xas long as short
Gate ZHIPU_USDT+0.0081%8h106.410.000%$3.0M$10.1M50xas long as short
Nado ZHIPU-PERP+0.0100%1h106.41−0.003%$23K$203xas long as short
Aevo ZHIPU-PERP+0.0104%1h106.32−0.085%10xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0173%8h106.30−0.103%$55$26610xas long as short
KuCoin ZHIPUUSDTM+0.0280%4h106.11−0.282%$41K$128K20xas long as short
OKX ZHIPU-USDT-SWAP+0.0305%8h106.73+0.301%$5.1M$18.9M25xas long as short
Bitget ZHIPUUSDT+0.0334%8h106.39−0.019%$1.9M$4.7M20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ZHIPU-USDT+0.0862%4h106.21−0.188%$19K$308K20xas long as short
Binance ZHIPUUSDT+0.1003%4h106.31−0.095%$21.4M$57.1M25xas long as short
Lighter ZHIPU+0.1360%1h106.39−0.019%$113K$20K10xas long as short
edgeX ZHIPUUSDCshort+0.1698%4h106.36−0.043%$21K$150K10x
tradeXYZ xyz:ZHIPU+0.2048%1h106.36−0.047%$29.1M$7.9M10xas long as short
Bybit ZHIPUUSDT+0.2249%8h106.50+0.085%$406K$1.4M25xas long as short
Ondo Perps ZHIPU-USD.P+0.3139%1h106.29−0.113%$37K$22K5xas long as short