Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0855%/8h= +93.7% APRpaid last 24h +0.031%

Price spread now: HTX against Gate0.000%7-day average −0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$900.905% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$22 on $10k

Price spread, last 4 days (all we have)+0.072%+$7 · spread now 0.000%, 7d avg −0.104%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and HTX is 0.104% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.225% in total (about -11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZHIPU_USDT	96.090	0.0118	pay 0.0118% / 8h	2h 04m	$3.2M	$12.6M	50x
Short	HTX ZHIPU-USDT	96.090	0.0973	get 0.0487% / 4h	2h 04m	$20K	$352K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $179.61
Price spread: 0.000% → −0.104%: $10.43
Slippage, 4 orders: −$63.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: $99.58
Costs to cover: 0.905%
Break-even: 3.1 days

Slippage from Gate: live order book, 4 min ago; HTX: live order book, 43 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 Gate live order book, 4 min ago	4.68 bp	15.9 bp −$16	53.8 bp −$538	84.1 bp −$8,410	doesn't fit
Sell HTX live order book, 43 min ago	9.01 bp	43.7 bp −$44	59.5 bp −$595	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
SunX ZHIPU-USDT	0.0000%	4h	96.250	+0.167%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.030	−0.062%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.734	−0.370%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.060	−0.031%	$835	$1K	10x	as long as short
Gate ZHIPU_USDTlong	+0.0118%	8h	96.090	long leg	$3.2M	$12.6M	50x
Aevo ZHIPU-PERP	+0.0232%	1h	96.069	−0.022%	—	—	10x	as long as short
Lighter ZHIPU	+0.0464%	1h	95.980	−0.114%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0772%	4h	96.040	−0.052%	$38K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0794%	8h	96.166	+0.079%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0884%	1h	96.470	+0.395%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDTshort	+0.0973%	4h	96.090	0.000%	$20K	$352K	20x
Binance ZHIPUUSDT	+0.1036%	4h	95.980	−0.115%	$22.7M	$69.1M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1284%	1h	95.967	−0.128%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1460%	8h	96.010	−0.083%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1505%	8h	96.060	−0.031%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1773%	4h	96.171	+0.084%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1911%	8h	96.120	+0.031%	$5.5M	$18.6M	25x	as long as short