Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1090%/8h= −119.3% APRpaid last 24h —

Price spread now: Aevo against Bybit+0.047%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aevo

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. Aevo is 0.047% dearer against Bybit than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	95.490	0.1282	pay 0.1282% / 8h	17m 17s	$357K	$1.2M	25x
Short	Aevo ZHIPU-PERP	95.535	0.0192	get 0.0024% / 1h	17m 17s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee AevobpOrdersPrice spread, now +0.047%Rate

Funding earned: −$228.85
Price spread: +0.047% → 0.000%: $4.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$251.1
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aevo: 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 Bybit live order book, 3 min ago	5.23 bp	50.0 bp −$50	194.0 bp −$1,940	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	95.550	+0.063%	$2K	$464K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.490	0.000%	$101K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.480	−0.010%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.299	−0.200%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.480	−0.010%	$830	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0190%	8h	95.530	+0.042%	$3.2M	$10.3M	50x	as long as short
Aevo ZHIPU-PERPshort	+0.0192%	1h	95.535	+0.047%	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0202%	1h	95.600	+0.115%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDT	+0.0485%	4h	95.540	+0.052%	$20K	$350K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0494%	1h	95.458	−0.034%	$27.0M	$7.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0840%	8h	95.470	−0.021%	$53K	$40K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0946%	4h	95.490	0.000%	$39K	$122K	20x	as long as short
Binance ZHIPUUSDT	+0.0960%	4h	95.514	+0.025%	$22.4M	$56.6M	25x	as long as short
edgeX ZHIPUUSDC	+0.1175%	4h	95.370	−0.126%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDTlong	+0.1282%	8h	95.490	long leg	$357K	$1.2M	25x
Bitget ZHIPUUSDT	+0.1465%	8h	95.520	+0.031%	$1.7M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1832%	8h	95.610	+0.126%	$5.3M	$15.7M	25x	as long as short