Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.044%

Price spread now: Gate against Bybit+0.066%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1081.078% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.066%, 7d avg −0.005%

Together, before fees−0.157%−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	105.62	0	get 0.0000% / 8h	7h 54m	$301K	$1.3M	25x
Short	Gate ZHIPU_USDT	105.69	0	get 0.0000% / 8h	7h 54m	$2.9M	$13.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → −0.005%: $7.14
Slippage, 4 orders: −$81.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$100.63
Costs to cover: 1.078%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 4 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 Bybit live order book, 2 min ago	3.31 bp	38.8 bp −$39	276.7 bp −$2,767	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.68 bp	16.5 bp −$16	53.3 bp −$533	88.6 bp −$8,856	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
Aster ZHIPUUSDT	0.0000%	8h	105.52	−0.093%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDTlong	0.0000%	8h	105.62	long leg	$301K	$1.3M	25x
Gate ZHIPU_USDTshort	0.0000%	8h	105.69	+0.066%	$2.9M	$13.0M	50x
SunX ZHIPU-USDT	0.0000%	4h	105.69	+0.066%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.55	−0.066%	$19K	$314K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.60	−0.019%	$38K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	105.70	+0.076%	$112K	$19K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.67	+0.052%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.62	0.000%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.71	+0.089%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0151%	8h	105.56	−0.057%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0170%	8h	105.80	+0.170%	$5.0M	$18.7M	25x	as long as short
Bitget ZHIPUUSDT	+0.0268%	8h	105.66	+0.038%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0474%	1h	105.66	+0.038%	$29.0M	$7.8M	10x	as long as short
Binance ZHIPUUSDT	+0.0604%	4h	105.55	−0.063%	$21.1M	$56.9M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1050%	1h	105.47	−0.142%	$37K	$22K	5x	as long as short
edgeX ZHIPUUSDC	+0.1200%	4h	105.63	+0.006%	$21K	$150K	10x	as long as short