Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.094%

Price spread now: Aster against KuCoin+0.050%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 Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.050% dearer against KuCoin than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	95.770	0.0992	pay 0.0496% / 4h	1h 40m	$38K	$119K	20x
Short	Aster ZHIPUUSDT	95.818	0.0927	get 0.0927% / 8h	1h 40m	$53K	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$13.71
Price spread: +0.050% → 0.000%: $5.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$28.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 68 min ago; Aster: 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, 68 min ago	13.25 bp	63.7 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	96.020	+0.261%	$1K	$790K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.780	+0.010%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.640	−0.136%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.832	+0.064%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.820	+0.052%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0181%	8h	95.860	+0.094%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0272%	1h	95.835	+0.068%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0786%	1h	95.730	−0.042%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDTshort	+0.0927%	8h	95.818	+0.050%	$53K	$58K	20x
KuCoin ZHIPUUSDTMlong	+0.0992%	4h	95.770	long leg	$38K	$119K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1090%	4h	95.780	+0.010%	$21K	$352K	20x	as long as short
Binance ZHIPUUSDT	+0.1170%	4h	95.778	+0.008%	$22.6M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1188%	1h	95.696	−0.077%	$27.0M	$8.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.1582%	8h	95.910	+0.146%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1626%	8h	95.760	−0.010%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	+0.068%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2015%	8h	96.000	+0.240%	$5.4M	$18.6M	25x	as long as short