Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h —

Price spread now: SoDEX against Aevo+0.300%57s7-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 SoDEX

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 pays, funding is against you. SoDEX is 0.300% dearer against Aevo than usual: you sell high and buy low (spread +0.300% now, against zero (this spread has no 7-day history yet)): +$30 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 57 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	94.138	0.0144	pay 0.0018% / 1h	47m 28s	—	—	10x
Short	SoDEX ZHIPU-USD	94.420	0.0050	get 0.0006% / 1h	47m 28s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.300%Rate

Funding earned: −$19.74
Price spread: +0.300% → 0.000%: $30.01
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$13.73
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Aevo and SoDEX: 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
Gate ZHIPU_USDT	0.0000%	8h	94.290	+0.162%	$2.9M	$11.7M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.640	+0.534%	$1K	$850K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.440	+0.321%	$22K	$349K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.310	+0.183%	$99K	$20K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	94.420	+0.300%	$34K	$3K	10x
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.830	+0.736%	$35K	$20K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.073	−0.068%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.100	−0.040%	$818	$1K	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0144%	1h	94.138	long leg	—	—	10x
KuCoin ZHIPUUSDTM	+0.0334%	4h	94.240	+0.109%	$38K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0416%	8h	94.258	+0.128%	$49K	$52K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0464%	1h	94.181	+0.046%	$26.3M	$7.3M	10x	as long as short
Binance ZHIPUUSDT	+0.0510%	4h	94.210	+0.077%	$21.9M	$66.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.1058%	8h	94.180	+0.045%	$262K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1164%	8h	94.200	+0.066%	$1.7M	$4.2M	20x	as long as short
edgeX ZHIPUUSDC	+0.1516%	4h	94.335	+0.210%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1575%	8h	94.270	+0.141%	$5.5M	$17.6M	25x	as long as short