Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0348%/8h= +38.1% APRnext payment +$0.43 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Aevo−0.039%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.039% cheaper against Aevo than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 9 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	94.685	0.0200	pay 0.0025% / 1h	5m 50s	—	—	10x
Short	tradeXYZ xyz:ZHIPU	94.648	0.0548	get 0.0068% / 1h	5m 50s	$26.8M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: $73.01
Price spread: −0.039% → 0.000%: −$3.86
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $35.14
Costs to cover: 0.340%
Break-even: 3.6 days

Slippage unknown: Aevo: no order-book sample; tradeXYZ: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.53 bp	14.0 bp −$14	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	94.940	+0.270%	$2K	$445K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.640	−0.047%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.530	−0.164%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.650	−0.037%	$822	$798	10x	as long as short
Lighter ZHIPU	+0.0136%	1h	94.780	+0.101%	$100K	$16K	10x	as long as short
Gate ZHIPU_USDT	+0.0197%	8h	94.740	+0.059%	$3.2M	$10.3M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0200%	1h	94.685	long leg	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0274%	1h	95.310	+0.661%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDT	+0.0483%	4h	94.720	+0.037%	$20K	$350K	20x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.0548%	1h	94.648	−0.039%	$26.8M	$7.1M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0836%	8h	94.699	+0.016%	$53K	$40K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	94.690	+0.006%	$22.2M	$56.1M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0976%	4h	94.680	−0.005%	$38K	$134K	20x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	+0.444%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1272%	8h	94.750	+0.069%	$356K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1457%	8h	94.710	+0.027%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1820%	8h	94.730	+0.048%	$5.2M	$15.4M	25x	as long as short