Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0280%/8h= +30.7% APRnext payment +$0.35 per $10,000 · paid last 24h —

Price spread now: Lighter against Aevo−0.219%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 Lighter

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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.219% cheaper against Aevo than usual: you would sell low and buy high (spread −0.219% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$22 on $10k: about 2.6 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	96.432	0.0224	pay 0.0028% / 1h	8m 47s	—	—	10x
Short	Lighter ZHIPU	96.220	0.0504	get 0.0063% / 1h	8m 47s	$101K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.219%Rate

Funding earned: $58.8
Price spread: −0.219% → 0.000%: −$21.95
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.85
Costs to cover: 0.160%
Break-even: 4.5 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 12 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 Lighter live order book, 12 min ago	27.08 bp	28.8 bp −$29	56.8 bp −$568	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	96.610	+0.185%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.350	−0.085%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.082	−0.363%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.410	−0.022%	$838	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0103%	8h	96.470	+0.040%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0224%	1h	96.432	long leg	—	—	10x
Lighter ZHIPUshort	+0.0504%	1h	96.220	−0.219%	$101K	$20K	10x
KuCoin ZHIPUUSDTM	+0.0718%	4h	96.380	−0.054%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0761%	8h	96.510	+0.081%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0845%	1h	96.790	+0.372%	$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
HTX ZHIPU-USDT	+0.0910%	4h	96.390	−0.043%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.0988%	4h	96.310	−0.126%	$22.8M	$69.0M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1264%	1h	96.353	−0.082%	$27.2M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1424%	8h	96.430	−0.002%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1473%	8h	96.370	−0.064%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1877%	4h	96.808	+0.390%	$21K	$153K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1883%	8h	96.370	−0.064%	$5.5M	$18.6M	25x	as long as short