Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0470%/8h= +51.4% APRpaid last 24h −0.067%

Price spread now: Bitget against Binance+0.070%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.070%, 7d avg +0.069%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	94.714	0.0724	pay 0.0362% / 4h	3h 01m	$22.0M	$55.6M	25x
Short	Bitget ZHIPUUSDT	94.780	0.1194	get 0.1194% / 8h	7h 01m	$1.6M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: $98.66
Price spread: +0.070% → +0.069%: $0.09
Slippage, 4 orders: −$20.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $56.08
Costs to cover: 0.427%
Break-even: 3.0 days

Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 1 min ago.

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 Binance live order book, 11 min ago	0.53 bp	7.1 bp −$7	29.2 bp −$292	81.4 bp −$8,138	doesn't fit
Sell Bitget live order book, 1 min ago	2.11 bp	15.7 bp −$16	44.1 bp −$441	doesn't fit	doesn't fit

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	94.790	+0.080%	$3.3M	$10.2M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.810	+0.101%	$1K	$396K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.750	+0.038%	$15K	$346K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.640	−0.078%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.730	+0.017%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.665	−0.052%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.740	+0.028%	$823	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0160%	1h	94.714	0.000%	—	—	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0308%	1h	94.686	−0.029%	$26.6M	$6.9M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0484%	4h	94.700	−0.015%	$38K	$200K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0491%	1h	94.790	+0.080%	$32K	$19K	5x	as long as short
Aster ZHIPUUSDT	+0.0517%	8h	94.487	−0.239%	$53K	$33K	20x	as long as short
Binance ZHIPUUSDTlong	+0.0724%	4h	94.714	long leg	$22.0M	$55.6M	25x
Bybit ZHIPUUSDT	+0.1007%	8h	94.800	+0.091%	$355K	$1.2M	25x	as long as short
Bitget ZHIPUUSDTshort	+0.1194%	8h	94.780	+0.070%	$1.6M	$4.0M	20x
edgeX ZHIPUUSDC	+0.1306%	4h	94.716	+0.002%	$20K	$152K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1587%	8h	94.810	+0.101%	$5.2M	$15.2M	25x	as long as short