Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0499%/8h= +54.7% APRpaid last 24h —

Price spread now: Binance against Aevo−0.128%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.128% cheaper against Aevo than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	95.112	0.0168	pay 0.0021% / 1h	29m 30s	—	—	10x
Short	Binance ZHIPUUSDT	94.990	0.0667	get 0.0334% / 4h	2h 29m	$22.7M	$67.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now −0.128%Rate

Funding earned: $104.89
Price spread: −0.128% → 0.000%: −$12.84
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: $66.05
Costs to cover: 0.260%
Break-even: 2.6 days

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 13 min ago	0.52 bp	9.2 bp −$9	33.9 bp −$339	146.5 bp −$14.7K	doesn't fit

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDT	0.0000%	4h	95.170	+0.061%	$2K	$850K	10x	as long as short
Gate ZHIPU_USDT	+0.0011%	8h	95.160	+0.050%	$2.9M	$12.1M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.110	−0.002%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.679	−0.455%	$35K	$8K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.120	+0.008%	$826	$1K	10x	as long as short
HTX ZHIPU-USDT	+0.0131%	4h	95.120	+0.008%	$22K	$350K	20x	as long as short
Aevo ZHIPU-PERPlong	+0.0168%	1h	95.112	long leg	—	—	10x
Lighter ZHIPU	+0.0360%	1h	95.140	+0.029%	$100K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0430%	4h	95.150	+0.040%	$38K	$121K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0527%	1h	95.020	−0.097%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0537%	8h	95.160	+0.050%	$50K	$57K	20x	as long as short
Binance ZHIPUUSDTshort	+0.0667%	4h	94.990	−0.128%	$22.7M	$67.9M	25x
tradeXYZ xyz:ZHIPU	+0.0958%	1h	95.066	−0.048%	$26.8M	$7.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.1173%	8h	95.130	+0.019%	$347K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1278%	8h	95.120	+0.008%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1354%	4h	95.072	−0.042%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1683%	8h	95.060	−0.055%	$5.5M	$18.1M	25x	as long as short