Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.080%

Price spread now: Bybit against HTX+0.171%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.190%−$19 · spread now +0.171%, 7d avg +0.099%

Together, before fees−0.007%−$1 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: Bybit is 0.072% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	105.50	0	get 0.0000% / 4h	3h 34m	$19K	$314K	20x
Short	Bybit ZHIPUUSDT	105.68	0	get 0.0000% / 8h	7h 34m	$304K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.171%Rate

Funding earned: $0
Price spread: +0.171% → +0.099%: $7.17
Slippage, 4 orders: −$70.82
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$86.65
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from HTX: live order book, 38 min ago; Bybit: live order book, 2 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, 38 min ago	3.31 bp	14.1 bp −$14	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.78 bp	44.0 bp −$44	921.5 bp −$9,215	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
Aster ZHIPUUSDT	0.0000%	8h	105.41	−0.087%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDTshort	0.0000%	8h	105.68	+0.171%	$304K	$1.3M	25x
Gate ZHIPU_USDT	0.0000%	8h	105.67	+0.161%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.64	+0.133%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	105.50	long leg	$19K	$314K	20x
Lighter ZHIPU	+0.0032%	1h	105.60	+0.095%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.57	+0.066%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.64	+0.129%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.59	+0.085%	$41K	$129K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.53	+0.028%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0134%	8h	105.77	+0.256%	$5.0M	$18.6M	25x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0143%	8h	105.54	+0.038%	$54	$266	10x	as long as short
Bitget ZHIPUUSDT	+0.0183%	8h	105.64	+0.133%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0252%	1h	105.62	+0.114%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0490%	4h	105.56	+0.053%	$21.1M	$56.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.0761%	4h	105.61	+0.100%	$21K	$150K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0896%	1h	105.53	+0.028%	$37K	$22K	5x	as long as short