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% APRpaid last 24h −0.019%

Price spread now: Gate against HTX+0.153%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

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

costs, in and out, $10k−$850.845% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 3 days (all we have)−0.248%−$25 · spread now +0.153%, 7d avg +0.103%

Together, before fees−0.075%−$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: Gate is 0.049% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	104.87	0	get 0.0000% / 4h	1h 20m	$19K	$315K	20x
Short	Gate ZHIPU_USDT	105.03	0	get 0.0000% / 8h	1h 20m	$2.8M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.153%Rate

Funding earned: $0
Price spread: +0.153% → +0.103%: $4.92
Slippage, 4 orders: −$57.51
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$79.6
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from HTX: live order book, 62 min ago; Gate: live order book, 3 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, 62 min ago	2.87 bp	31.9 bp −$32	66.9 bp −$669	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.86 bp	12.2 bp −$12	46.4 bp −$464	77.9 bp −$7,788	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	−0.050%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	104.90	+0.028%	$20.8M	$57.0M	25x	as long as short
Gate ZHIPU_USDTshort	0.0000%	8h	105.03	+0.153%	$2.8M	$13.6M	50x
SunX ZHIPU-USDT	0.0000%	4h	104.95	+0.076%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	104.87	long leg	$19K	$315K	20x
Lighter ZHIPU	+0.0032%	1h	104.99	+0.114%	$119K	$9K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.93	+0.057%	$37K	$3K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0067%	1h	105.00	+0.124%	$29.2M	$7.7M	10x	as long as short
edgeX ZHIPUUSDC	+0.0081%	4h	104.99	+0.115%	$21K	$149K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.01	+0.137%	$23K	$145	3x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0100%	4h	104.94	+0.067%	$41K	$134K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	104.90	+0.033%	—	—	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0109%	8h	105.07	+0.191%	$4.9M	$18.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.0190%	8h	104.95	+0.076%	$1.7M	$4.4M	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0204%	8h	104.90	+0.029%	$76	$266	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0336%	1h	104.90	+0.029%	$36K	$22K	5x	as long as short
Bybit ZHIPUUSDT	+0.0337%	8h	105.04	+0.162%	$303K	$1.3M	25x	as long as short