Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: Gate against Aevo−0.051%7-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 Gate

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.051% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	105.71	0.0104	pay 0.0013% / 1h	55m 27s	—	—	10x
Short	Gate ZHIPU_USDT	105.66	0	get 0.0000% / 8h	7h 55m	$2.9M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: −$21.84
Price spread: −0.051% → 0.000%: −$5.08
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.92
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	5.68 bp	16.5 bp −$16	53.3 bp −$533	88.6 bp −$8,856	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
Aster ZHIPUUSDT	0.0000%	8h	105.52	−0.184%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDT	0.0000%	8h	105.65	−0.060%	$301K	$1.3M	25x	as long as short
Gate ZHIPU_USDTshort	0.0000%	8h	105.66	−0.051%	$2.9M	$13.0M	50x
SunX ZHIPU-USDT	0.0000%	4h	105.67	−0.041%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.51	−0.193%	$19K	$315K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.57	−0.136%	$37K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	105.65	−0.060%	$112K	$19K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.66	−0.046%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.65	−0.060%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	105.71	long leg	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0155%	8h	105.54	−0.164%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0171%	8h	105.74	+0.025%	$5.0M	$18.7M	25x	as long as short
Bitget ZHIPUUSDT	+0.0272%	8h	105.65	−0.060%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0506%	1h	105.66	−0.051%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0610%	4h	105.55	−0.153%	$21.1M	$56.9M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1013%	1h	105.47	−0.231%	$37K	$22K	5x	as long as short
edgeX ZHIPUUSDC	+0.1200%	4h	105.63	−0.082%	$21K	$150K	10x	as long as short