Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0810%/8h= −88.7% APRpaid last 24h −0.087%

Price spread now: Gate against KuCoin+0.284%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1401.405% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$16 on $10k

Price spread, last 4 days (all we have)−0.453%−$45 · spread now +0.284%, 7d avg +0.044%

Together, before fees−0.288%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.240% dearer against KuCoin than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of +0.044%): +$24 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 24 hours. Mind the row above: over the last 7 days funding on this pair paid +0.165%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.165% in total (about 8.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	94.970	0.0994	pay 0.0497% / 4h	1h 17m	$38K	$119K	20x
Short	Gate ZHIPU_USDT	95.240	0.0184	get 0.0184% / 8h	1h 17m	$3.2M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.284%Rate

Funding earned: −$170.1
Price spread: +0.284% → +0.044%: $23.99
Slippage, 4 orders: −$113.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$286.59
Costs to cover: 1.405%
Break-even: never at this rate

Slippage from KuCoin: live order book, 16 min ago; Gate: live order book, 1 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 KuCoin live order book, 16 min ago	12.51 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.31 bp	16.7 bp −$17	46.1 bp −$461	86.2 bp −$8,615	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
SunX ZHIPU-USDT	0.0000%	4h	95.060	+0.095%	$2K	$769K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.940	−0.032%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.694	−0.290%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.920	−0.053%	$825	$1K	10x	as long as short
Lighter ZHIPU	+0.0104%	1h	95.180	+0.221%	$100K	$17K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0184%	8h	95.240	+0.284%	$3.2M	$11.9M	50x
Aevo ZHIPU-PERP	+0.0240%	1h	94.962	−0.009%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0558%	1h	94.810	−0.168%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	94.990	+0.021%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0914%	8h	94.970	0.000%	$53K	$53K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0935%	1h	95.100	+0.137%	$26.8M	$7.7M	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0994%	4h	94.970	long leg	$38K	$119K	20x
Binance ZHIPUUSDT	+0.1090%	4h	95.180	+0.221%	$22.4M	$66.2M	25x	as long as short
Bybit ZHIPUUSDT	+0.1475%	8h	95.220	+0.263%	$357K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1617%	8h	95.230	+0.274%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1938%	4h	95.365	+0.416%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1986%	8h	95.250	+0.295%	$5.4M	$18.4M	25x	as long as short