Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h —

Price spread now: Aevo against Gate−0.116%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.116% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZHIPU_USDT	96.620	0.0178	pay 0.0178% / 8h	1h 54m	$3.2M	$11.7M	50x
Short	Aevo ZHIPU-PERP	96.508	0.0272	get 0.0034% / 1h	54m 44s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now −0.116%Rate

Funding earned: $19.74
Price spread: −0.116% → 0.000%: −$11.62
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$22.88
Costs to cover: 0.310%
Break-even: 15.1 days

Slippage unknown: Gate: live order book, 4 min ago; Aevo: 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 Gate live order book, 4 min ago	4.67 bp	17.5 bp −$18	47.3 bp −$473	80.0 bp −$8,000	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	96.590	−0.031%	$1K	$845K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.430	−0.197%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	96.500	−0.124%	$102K	$17K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.051	−0.589%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.470	−0.155%	$838	$1K	10x	as long as short
Gate ZHIPU_USDTlong	+0.0178%	8h	96.620	long leg	$3.2M	$11.7M	50x
Aevo ZHIPU-PERPshort	+0.0272%	1h	96.508	−0.116%	—	—	10x
Aster ZHIPUUSDT	+0.0905%	8h	96.400	−0.228%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0984%	4h	96.470	−0.155%	$39K	$121K	20x	as long as short
Binance ZHIPUUSDT	+0.1196%	4h	96.480	−0.145%	$22.9M	$69.0M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1199%	4h	96.490	−0.135%	$20K	$352K	20x	as long as short
Bybit ZHIPUUSDT	+0.1599%	8h	96.530	−0.093%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1610%	8h	96.540	−0.083%	$1.7M	$4.4M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1659%	1h	96.370	−0.259%	$33K	$25K	5x	as long as short
edgeX ZHIPUUSDC	+0.1806%	4h	96.144	−0.493%	$20K	$153K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1997%	1h	96.505	−0.119%	$27.2M	$8.0M	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2015%	8h	96.590	−0.031%	$5.5M	$18.8M	25x	as long as short