Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0465%/8h= +50.9% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.131%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Bybit is 0.131% dearer against Aevo than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	94.716	0.0104	pay 0.0013% / 1h	56m 54s	—	—	10x
Short	Bybit ZHIPUUSDT	94.840	0.0569	get 0.0569% / 8h	5h 56m	$355K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.131%Rate

Funding earned: $97.57
Price spread: +0.131% → 0.000%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $83.62
Costs to cover: 0.270%
Break-even: 1.0 days

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	3.16 bp	34.1 bp −$34	doesn't fit	doesn't fit	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 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.820	+0.109%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.880	+0.173%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.770	+0.057%	$16K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.690	−0.028%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.740	+0.025%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.806	+0.095%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.730	+0.014%	$39K	$262K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.740	+0.025%	$823	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	94.716	long leg	—	—	10x
Aster ZHIPUUSDT	+0.0189%	8h	94.716	0.000%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0405%	4h	94.745	+0.030%	$21.9M	$55.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0493%	1h	94.709	−0.008%	$26.6M	$6.9M	10x	as long as short
Bybit ZHIPUUSDTshort	+0.0569%	8h	94.840	+0.131%	$355K	$1.2M	25x
Ondo Perps ZHIPU-USD.P	+0.0629%	1h	94.770	+0.057%	$32K	$19K	5x	as long as short
Bitget ZHIPUUSDT	+0.0819%	8h	94.820	+0.109%	$1.6M	$4.0M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1229%	8h	94.850	+0.141%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1368%	4h	94.813	+0.102%	$20K	$152K	10x	as long as short