Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h —

Price spread now: SunX against Aevo−0.155%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 SunX

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 −$6 a day on $10k at the current rate, and SunX is 0.155% cheaper against Aevo than usual: you would sell low and buy high (−$15 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	94.456	0.0216	pay 0.0027% / 1h	37m 48s	—	—	10x
Short	SunX ZHIPU-USDT	94.310	0	get 0.0000% / 4h	3h 37m	$1K	$405K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.155%Rate

Funding earned: −$45.36
Price spread: −0.155% → 0.000%: −$15.45
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$84.81
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 25 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 SunX live order book, 25 min ago	30.65 bp	136.7 bp −$137	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
Gate ZHIPU_USDT	0.0000%	8h	94.260	−0.207%	$3.2M	$10.0M	50x	as long as short
SunX ZHIPU-USDTshort	0.0000%	4h	94.310	−0.155%	$1K	$405K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	94.220	−0.250%	$33K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.429	−0.029%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.480	+0.025%	$821	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0216%	1h	94.456	long leg	—	—	10x
Lighter ZHIPU	+0.0648%	1h	94.350	−0.112%	$100K	$16K	10x	as long as short
HTX ZHIPU-USDT	+0.0654%	4h	94.220	−0.250%	$20K	$337K	20x	as long as short
Aster ZHIPUUSDT	+0.0723%	8h	94.465	+0.010%	$53K	$33K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1022%	1h	94.337	−0.126%	$26.6M	$6.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.1078%	4h	94.380	−0.080%	$38K	$161K	20x	as long as short
Binance ZHIPUUSDT	+0.1145%	4h	94.182	−0.290%	$22.0M	$55.2M	25x	as long as short
Bybit ZHIPUUSDT	+0.1282%	8h	94.390	−0.070%	$354K	$1.2M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1297%	1h	93.880	−0.610%	$32K	$21K	5x	as long as short
edgeX ZHIPUUSDC	+0.1417%	4h	94.513	+0.060%	$20K	$151K	10x	as long as short
Bitget ZHIPUUSDT	+0.1478%	8h	94.220	−0.250%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1847%	8h	94.250	−0.218%	$5.2M	$14.9M	25x	as long as short