Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h —

Price spread now: Orderly against Aevo−0.002%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 Orderly

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	96.312	0.0288	pay 0.0036% / 1h	48m 36s	—	—	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	96.310	0.0100	get 0.0100% / 8h	1h 48m	$837	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.002%Rate

Funding earned: −$39.48
Price spread: −0.002% → 0.000%: −$0.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.64
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Aevo and Orderly: 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	96.520	+0.216%	$1K	$837K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.060	−0.261%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.240	−0.074%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.244	−0.070%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	96.310	−0.002%	$837	$1K	10x
Gate ZHIPU_USDT	+0.0182%	8h	96.280	−0.033%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0288%	1h	96.312	long leg	—	—	10x
Aster ZHIPUUSDT	+0.0941%	8h	96.360	+0.050%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1018%	4h	96.290	−0.022%	$39K	$121K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1170%	1h	96.570	+0.268%	$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
Binance ZHIPUUSDT	+0.1234%	4h	96.170	−0.147%	$22.8M	$68.7M	25x	as long as short
HTX ZHIPU-USDT	+0.1247%	4h	96.490	+0.185%	$21K	$354K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1601%	1h	96.183	−0.133%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1615%	8h	96.170	−0.147%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1640%	8h	96.180	−0.137%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1850%	4h	96.456	+0.150%	$21K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2037%	8h	96.220	−0.095%	$5.5M	$18.7M	25x	as long as short