Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0516%/8h= −56.5% APRpaid last 24h +0.102%

Price spread now: tradeXYZ against Bybit−0.106%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1091.093% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.403%+$40 on $10k

Price spread, last 7 days+0.077%+$8 · spread now −0.106%, 7d avg +0.015%

Together, before fees+0.480%+ Points / potential airdroptradeXYZ: Active · farm board+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and tradeXYZ is 0.120% cheaper against Bybit than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.403%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	94.750	0.1053	pay 0.1053% / 8h	2h 45m	$265K	$1.4M	25x
Short	tradeXYZ xyz:ZHIPU	94.650	0.0537	get 0.0067% / 1h	45m 43s	$26.5M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$108.42
Price spread: −0.106% → +0.015%: −$12.04
Slippage, 4 orders: −$80.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$229.7
Costs to cover: 1.093%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; tradeXYZ: 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, 5 min ago	5.82 bp	35.8 bp −$36	195.1 bp −$1,951	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	3.28 bp	13.0 bp −$13	doesn't fit	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	94.700	−0.053%	$2.9M	$11.7M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.670	−0.084%	$1K	$850K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.480	−0.285%	$22K	$349K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.550	−0.211%	$100K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.420	−0.348%	$34K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.830	+0.084%	$35K	$20K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.264	−0.513%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.380	−0.391%	$820	$1K	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	94.402	−0.368%	—	—	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0334%	4h	94.350	−0.422%	$38K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0421%	8h	94.495	−0.269%	$49K	$52K	20x	as long as short
Binance ZHIPUUSDT	+0.0507%	4h	94.788	+0.040%	$22.1M	$66.4M	25x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.0537%	1h	94.650	−0.106%	$26.5M	$7.3M	10x
Bybit ZHIPUUSDTlong	+0.1053%	8h	94.750	long leg	$265K	$1.4M	25x
Bitget ZHIPUUSDT	+0.1165%	8h	94.800	+0.053%	$1.7M	$4.2M	20x	as long as short
edgeX ZHIPUUSDC	+0.1516%	4h	94.335	−0.438%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1581%	8h	94.960	+0.222%	$5.5M	$17.8M	25x	as long as short