Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h +0.008%

Price spread now: SoDEX against Gate−0.126%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.126% cheaper against Gate than usual: you would sell low and buy high (−$13 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	Gate ZHIPU_USDT	95.460	0.0185	pay 0.0185% / 8h	1h 23m	$3.2M	$11.9M	50x
Short	SoDEX ZHIPU-USD	95.340	0.0050	get 0.0006% / 1h	23m 01s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.126%Rate

Funding earned: −$28.35
Price spread: −0.126% → 0.000%: −$12.57
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$63.92
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 1 min ago; SoDEX: 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, 1 min ago	4.71 bp	17.4 bp −$17	50.1 bp −$501	80.1 bp −$8,008	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	95.490	+0.031%	$2K	$770K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.380	−0.084%	$100K	$17K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	95.340	−0.126%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	95.173	−0.300%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.340	−0.126%	$828	$1K	10x	as long as short
Gate ZHIPU_USDTlong	+0.0185%	8h	95.460	long leg	$3.2M	$11.9M	50x
Aevo ZHIPU-PERP	+0.0240%	1h	95.349	−0.116%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0535%	1h	95.050	−0.429%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0864%	4h	95.410	−0.052%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0901%	8h	95.440	−0.021%	$53K	$53K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0923%	1h	95.305	−0.162%	$26.9M	$7.6M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0962%	4h	95.370	−0.094%	$38K	$119K	20x	as long as short
Binance ZHIPUUSDT	+0.1069%	4h	95.339	−0.127%	$22.5M	$66.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1195%	4h	95.139	−0.336%	$20K	$153K	10x	as long as short
Bybit ZHIPUUSDT	+0.1480%	8h	95.330	−0.136%	$356K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1603%	8h	95.370	−0.094%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1977%	8h	95.420	−0.042%	$5.4M	$18.5M	25x	as long as short