Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0545%/8h= −59.7% APRpaid last 24h −0.193%

Price spread now: SoDEX against Bybit−0.021%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$16 a day on $10k at the current rate, and SoDEX is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 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	Bybit ZHIPUUSDT	94.860	0.0595	pay 0.0595% / 8h	5h 45m	$356K	$1.2M	25x
Short	SoDEX ZHIPU-USD	94.840	0.0050	get 0.0006% / 1h	45m 48s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$114.43
Price spread: −0.021% → 0.000%: −$2.11
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$135.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.53 bp	19.5 bp −$19	624.9 bp −$6,249	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 exchanges

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	94.940	+0.084%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	+0.084%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.890	+0.032%	$16K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.780	−0.084%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	94.840	−0.021%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	94.898	+0.041%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.860	0.000%	$39K	$272K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.880	+0.021%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.871	+0.012%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0137%	8h	94.767	−0.099%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0400%	4h	94.850	−0.011%	$22.0M	$55.8M	25x	as long as short
Bybit ZHIPUUSDTlong	+0.0595%	8h	94.860	long leg	$356K	$1.2M	25x
tradeXYZ xyz:ZHIPU	+0.0670%	1h	94.816	−0.046%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0766%	8h	94.920	+0.063%	$1.6M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.0832%	4h	94.873	+0.014%	$20K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0838%	1h	94.860	0.000%	$32K	$19K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1186%	8h	94.940	+0.084%	$5.1M	$15.3M	25x	as long as short