Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0791%/8h= −86.6% APRpaid last 24h −0.276%

Price spread now: Orderly against edgeX−0.355%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Orderly is 0.355% cheaper against edgeX than usual: you would sell low and buy high (−$36 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	106.82	0.0960	pay 0.0480% / 4h	3h 04m	$21K	$151K	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	106.44	0.0169	get 0.0169% / 8h	7h 04m	$55	$266	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.355%Rate

Funding earned: −$166.11
Price spread: −0.355% → 0.000%: −$35.54
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$216.65
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 2 min ago; Orderly: 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, 2 min ago	11.27 bp	94.3 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Aster ZHIPUUSDT	0.0000%	8h	105.86	−0.895%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.62	−0.187%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0036%	8h	106.57	−0.234%	$2.9M	$13.2M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.49	−0.309%	$38K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	106.45	−0.346%	$113K	$21K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.60	−0.205%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.46	−0.338%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0169%	8h	106.44	−0.355%	$55	$266	10x
KuCoin ZHIPUUSDTM	+0.0222%	4h	106.47	−0.327%	$41K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0279%	8h	106.63	−0.178%	$5.1M	$18.9M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0310%	8h	106.48	−0.318%	$1.8M	$4.6M	20x	as long as short
HTX ZHIPU-USDT	+0.0747%	4h	106.41	−0.383%	$19K	$315K	20x	as long as short
Binance ZHIPUUSDT	+0.0892%	4h	106.36	−0.430%	$21.4M	$57.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0926%	1h	106.52	−0.281%	$29.2M	$7.9M	10x	as long as short
edgeX ZHIPUUSDClong	+0.0960%	4h	106.82	long leg	$21K	$151K	10x
Ondo Perps ZHIPU-USD.P	+0.1546%	1h	106.61	−0.196%	$37K	$22K	5x	as long as short
Bybit ZHIPUUSDT	+0.2252%	8h	106.53	−0.271%	$406K	$1.4M	25x	as long as short