Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0422%/8h= +46.2% APRpaid last 24h —

Price spread now: KuCoin against Aevo+0.037%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 KuCoin

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 +$13 a day on $10k at the current rate, and KuCoin is 0.037% dearer against Aevo than usual: you sell high and buy low: +$4 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	96.044	0.0184	pay 0.0023% / 1h	7m 17s	—	—	10x
Short	KuCoin ZHIPUUSDTM	96.080	0.0606	get 0.0303% / 4h	3h 07m	$39K	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.037%Rate

Funding earned: $88.62
Price spread: +0.037% → 0.000%: $3.72
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $64.34
Costs to cover: 0.280%
Break-even: 1.9 days

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 57 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 KuCoin live order book, 57 min ago	18.32 bp	51.3 bp −$51	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	96.030	−0.015%	$2K	$847K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.130	+0.089%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.130	+0.089%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0041%	8h	96.200	+0.162%	$2.9M	$11.9M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	−0.004%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.060	+0.016%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.060	+0.016%	$566	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0184%	1h	96.044	long leg	—	—	10x
Aster ZHIPUUSDT	+0.0464%	8h	96.155	+0.115%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0606%	4h	96.080	+0.037%	$39K	$121K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0741%	1h	95.950	−0.098%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0762%	1h	96.055	+0.011%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.0870%	4h	96.082	+0.039%	$22.5M	$63.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.019%	$19K	$150K	10x	as long as short
Bitget ZHIPUUSDT	+0.1276%	8h	96.170	+0.131%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1297%	8h	96.120	+0.079%	$266K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1672%	8h	96.160	+0.120%	$5.7M	$17.1M	25x	as long as short