Funding you earn now, next payment 04:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.050%
Price spread now: OKX against SunX−0.160%7-day average −0.006% · 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−$293as in the Price arb table
costs, in and out, $10k−$2782.778% of the position
Funding, last 7 days+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.160%, 7d avg −0.006%
=Funding pays, the price is against you. OKX is 0.155% cheaper against SunX than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.006%). If the spread goes back, that is −$15 on $10k: about 13 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.060% in total) that is about 18 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.060% in total (about 3.1% 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 | 99.780 | 0 | get 0.0000% / 4h | 1h 48m | $1K | $978K | 10x |
| Short | OKX ZHIPU-USDT-SWAP | 99.620 | 0.0949 | get 0.0949% / 8h | 5h 48m | $5.3M | $15.9M | 25x |
SunX ZHIPU-USDT
OKX ZHIPU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $199.35
- Price spread: −0.160% → −0.006%
- −$15.47
- Slippage, 4 orders
- −$259.83
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$93.95
- Costs to cover
- 2.778%
- Break-even
- 10.3 days
Slippage from SunX: live order book, 4 min ago; OKX: live order book, 4 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, 4 min ago | 31.72 bp | 110.6 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.99 bp | 18.0 bp −$18 | 64.8 bp −$648 | 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 | 99.780 | long leg | $1K | $978K | 10x | |
| Aster ZHIPUUSDT | +0.0041% | 8h | 99.540 | −0.241% | $51K | $51K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 99.430 | −0.351% | $35K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.254 | −0.527% | $25K | $2K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 99.440 | −0.341% | $51 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 99.543 | −0.238% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0265% | 8h | 99.580 | −0.200% | $3.0M | $10.3M | 50x | as long as short |
| HTX ZHIPU-USDT | +0.0842% | 4h | 99.430 | −0.351% | $18K | $308K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0847% | 1h | 100.72 | +0.942% | $36K | $18K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.0854% | 8h | 99.540 | −0.241% | $2.0M | $3.7M | 20x | as long as short |
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
HTX ZHIPU-USDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0932% | 4h | 99.440 | −0.341% | $40K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAPshort | +0.0949% | 8h | 99.620 | −0.160% | $5.3M | $15.9M | 25x | |
| Lighter ZHIPU | +0.1192% | 1h | 99.430 | −0.351% | $105K | $20K | 10x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1767% | 1h | 99.494 | −0.287% | $27.5M | $6.4M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1770% | 4h | 99.346 | −0.435% | $22.0M | $56.7M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2247% | 4h | 100.62 | +0.845% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2550% | 8h | 99.460 | −0.321% | $373K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
Lighter ZHIPU
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT