Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0488%/8h= −53.4% APRpaid last 24h —

Price spread now: Aevo against KuCoin+0.034%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.034% dearer against KuCoin than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	96.860	0.0704	pay 0.0352% / 4h	2h 10m	$39K	$121K	20x
Short	Aevo ZHIPU-PERP	96.893	0.0216	get 0.0027% / 1h	10m 39s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.034%Rate

Funding earned: −$102.48
Price spread: +0.034% → 0.000%: $3.36
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$127.12
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 39 min ago; Aevo: 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 KuCoin live order book, 39 min ago	13.25 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	97.010	+0.155%	$2K	$848K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.780	−0.083%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.464	−0.409%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.870	+0.010%	$842	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0106%	8h	96.920	+0.062%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERPshort	+0.0216%	1h	96.893	+0.034%	—	—	10x
Lighter ZHIPU	+0.0520%	1h	96.730	−0.134%	$102K	$20K	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0704%	4h	96.860	long leg	$39K	$121K	20x
Aster ZHIPUUSDT	+0.0749%	8h	96.475	−0.397%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0844%	1h	96.790	−0.072%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0866%	4h	96.850	−0.010%	$22K	$351K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.820	−0.041%	$23.0M	$68.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1245%	1h	96.790	−0.072%	$27.3M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1412%	8h	96.900	+0.041%	$358K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.880	+0.021%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1865%	8h	96.890	+0.031%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.1876%	4h	96.474	−0.398%	$21K	$153K	10x	as long as short