Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2242%/8h= +245.6% APRpaid last 24h —

Price spread now: edgeX against Aevo−0.232%72s7-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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.232% cheaper against Aevo than usual: you would sell low and buy high (spread −0.232% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 8 hours of funding at the current rate (+$67 a day). The two prices were read 72 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	100.13	0.0104	pay 0.0013% / 1h	30m 11s	—	—	10x
Short	edgeX ZHIPUUSDC	99.897	0.2346	get 0.1173% / 4h	1h 30m	$20K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.232%Rate

Funding earned: $470.92
Price spread: −0.232% → 0.000%: −$23.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $422.7
Costs to cover: 0.250%
Break-even: 0.7 days

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 31 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 edgeX live order book, 31 min ago	12.88 bp	42.3 bp −$42	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 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	100.33	+0.200%	$2K	$930K	10x	as long as short
SoDEX ZHIPU-USD	+0.0057%	1h	100.05	−0.080%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.674	−0.455%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.08	−0.050%	$52	$266	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	100.13	long leg	—	—	10x
Aster ZHIPUUSDT	+0.0308%	8h	99.740	−0.389%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0378%	8h	100.25	+0.120%	$3.2M	$10.7M	50x	as long as short
HTX ZHIPU-USDT	+0.1102%	4h	100.22	+0.090%	$18K	$321K	20x	as long as short
Bitget ZHIPUUSDT	+0.1112%	8h	100.18	+0.050%	$2.0M	$3.7M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1155%	1h	99.590	−0.539%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.1264%	4h	100.05	−0.080%	$40K	$122K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1275%	8h	100.32	+0.190%	$5.4M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1376%	1h	100.02	−0.109%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2034%	1h	100.00	−0.129%	$28.1M	$6.7M	10x	as long as short
Binance ZHIPUUSDT	+0.2081%	4h	100.09	−0.043%	$22.7M	$55.9M	25x	as long as short
edgeX ZHIPUUSDCshort	+0.2346%	4h	99.897	−0.232%	$20K	$150K	10x
Bybit ZHIPUUSDT	+0.2853%	8h	100.12	−0.010%	$373K	$1.3M	25x	as long as short