Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1045%/8h= −114.4% APRpaid last 24h −0.037%

Price spread now: SoDEX against Bitget−0.209%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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 −$31 a day on $10k at the current rate, and SoDEX is 0.209% cheaper against Bitget than usual: you would sell low and buy high (−$21 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	Bitget ZHIPUUSDT	100.34	0.1095	pay 0.1095% / 8h	5h 30m	$2.0M	$3.6M	20x
Short	SoDEX ZHIPU-USD	100.13	0.0050	get 0.0006% / 1h	30m 53s	$36K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Bitget. 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 BitgetbpFee SoDEXbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$219.45
Price spread: −0.209% → 0.000%: −$20.93
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$260.38
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 min ago; 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 Bitget live order book, 2 min ago	5.00 bp	26.7 bp −$27	45.1 bp −$451	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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
SunX ZHIPU-USDT	0.0000%	4h	100.08	−0.259%	$2K	$931K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	100.13	−0.209%	$36K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	99.611	−0.727%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.12	−0.219%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.19	−0.153%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0284%	8h	99.740	−0.598%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0358%	8h	100.21	−0.130%	$3.2M	$10.7M	50x	as long as short
HTX ZHIPU-USDT	+0.1071%	4h	100.16	−0.179%	$18K	$321K	20x	as long as short
Bitget ZHIPUUSDTlong	+0.1095%	8h	100.34	long leg	$2.0M	$3.6M	20x
Ondo Perps ZHIPU-USD.P	+0.1142%	1h	99.590	−0.747%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.1238%	4h	100.07	−0.269%	$40K	$122K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1255%	8h	100.33	−0.010%	$5.4M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1328%	1h	100.12	−0.219%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2009%	1h	100.15	−0.189%	$28.0M	$6.5M	10x	as long as short
Binance ZHIPUUSDT	+0.2068%	4h	100.17	−0.169%	$22.7M	$55.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.2346%	4h	99.897	−0.441%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2823%	8h	100.20	−0.140%	$372K	$1.3M	25x	as long as short