Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.008%

Price spread now: Orderly against HTX+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	104.80	0	get 0.0000% / 4h	1h 07m	$19K	$315K	20x
Short	Orderly PERP_ZHIPU_USDC_mythos	104.81	0.0204	get 0.0204% / 8h	1h 07m	$76	$266	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.010%Rate

Funding earned: $42.82
Price spread: +0.010% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $25.78
Costs to cover: 0.180%
Break-even: 2.8 days

Slippage unknown: HTX: live order book, 10 min ago; Orderly: 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 HTX live order book, 10 min ago	4.30 bp	19.2 bp −$19	52.1 bp −$521	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Aster ZHIPUUSDT	0.0000%	8h	104.80	−0.004%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	104.86	+0.056%	$20.8M	$57.0M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	104.98	+0.172%	$2.9M	$13.7M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	104.93	+0.124%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	104.80	long leg	$19K	$315K	20x
Lighter ZHIPU	+0.0032%	1h	104.96	+0.153%	$119K	$9K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	104.95	+0.143%	$29.2M	$7.7M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.94	+0.134%	$37K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0057%	8h	105.04	+0.229%	$4.9M	$18.5M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	104.96	+0.157%	$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	104.89	+0.086%	$41K	$133K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	104.84	+0.041%	—	—	10x	as long as short
Bitget ZHIPUUSDT	+0.0126%	8h	104.92	+0.115%	$1.7M	$4.4M	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0204%	8h	104.81	+0.010%	$76	$266	10x
Ondo Perps ZHIPU-USD.P	+0.0226%	1h	104.83	+0.029%	$36K	$22K	5x	as long as short
Bybit ZHIPUUSDT	+0.0285%	8h	104.92	+0.115%	$303K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0940%	4h	104.95	+0.141%	$21K	$149K	10x	as long as short