Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.126%

Price spread now: Binance against HTX+0.067%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$830.826% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 2 days (all we have)−0.102%−$10 · spread now +0.067%, 7d avg +0.026%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.040% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	104.83	0	get 0.0000% / 4h	2h 03m	$19K	$316K	20x
Short	Binance ZHIPUUSDT	104.90	0	get 0.0000% / 4h	2h 03m	$20.8M	$56.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.026%: $4.05
Slippage, 4 orders: −$60.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.55
Costs to cover: 0.826%
Break-even: never at this rate

Slippage from HTX: live order book, 19 min ago; Binance: live order book, 9 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 HTX live order book, 19 min ago	2.87 bp	31.9 bp −$32	66.9 bp −$669	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.48 bp	13.8 bp −$14	42.9 bp −$429	239.2 bp −$23.9K	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
Aster ZHIPUUSDT	0.0000%	8h	104.82	−0.011%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDTshort	0.0000%	4h	104.90	+0.067%	$20.8M	$56.9M	25x
SunX ZHIPU-USDT	0.0000%	4h	105.00	+0.162%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	104.83	long leg	$19K	$316K	20x
Lighter ZHIPU	+0.0032%	1h	104.93	+0.095%	$119K	$9K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	104.97	+0.134%	$29.3M	$7.6M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.90	+0.067%	$37K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0056%	8h	105.01	+0.172%	$2.8M	$13.7M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.00	+0.166%	$23K	$145	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	104.90	+0.067%	$41K	$136K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ZHIPU-PERP	+0.0104%	1h	104.88	+0.044%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0203%	8h	104.87	+0.038%	$76	$266	10x	as long as short
edgeX ZHIPUUSDC	+0.0239%	4h	104.99	+0.151%	$21K	$149K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0259%	8h	105.07	+0.229%	$4.8M	$18.5M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0297%	1h	104.86	+0.029%	$40K	$19K	5x	as long as short
Bitget ZHIPUUSDT	+0.0333%	8h	104.97	+0.134%	$1.7M	$4.4M	20x	as long as short
Bybit ZHIPUUSDT	+0.0523%	8h	105.02	+0.181%	$303K	$1.3M	25x	as long as short