Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0709%/8h= −77.6% APRpaid last 24h −0.350%

Price spread now: Aster against edgeX−0.322%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Aster is 0.322% cheaper against edgeX than usual: you would sell low and buy high (−$32 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	edgeX ZHIPUUSDC	96.292	0.1230	pay 0.0615% / 4h	3h 27m	$19K	$150K	10x
Short	Aster ZHIPUUSDT	95.983	0.0521	get 0.0521% / 8h	3h 27m	$50K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against edgeX. 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 edgeXbpFee AsterbpOrdersPrice spread, now −0.322%Rate

Funding earned: −$148.91
Price spread: −0.322% → 0.000%: −$32.17
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$198.08
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 24 min ago; Aster: 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 edgeX live order book, 24 min ago	13.03 bp	94.0 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	96.230	−0.065%	$1K	$847K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.240	−0.055%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	96.340	+0.049%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0077%	8h	96.360	+0.070%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.303	+0.011%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.280	−0.013%	$568	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0208%	1h	96.293	0.000%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0516%	4h	96.320	+0.029%	$18K	$333K	20x	as long as short
Aster ZHIPUUSDTshort	+0.0521%	8h	95.983	−0.322%	$50K	$51K	20x
KuCoin ZHIPUUSDTM	+0.0850%	4h	96.260	−0.034%	$39K	$123K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0913%	1h	96.340	+0.049%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.1098%	1h	96.303	+0.011%	$27.0M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1139%	4h	96.270	−0.023%	$22.6M	$63.4M	25x	as long as short
edgeX ZHIPUUSDClong	+0.1230%	4h	96.292	long leg	$19K	$150K	10x
Bitget ZHIPUUSDT	+0.1370%	8h	96.330	+0.039%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1519%	8h	96.300	+0.008%	$270K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1766%	8h	96.340	+0.049%	$5.8M	$17.1M	25x	as long as short