Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0892%/8h= −97.7% APRpaid last 24h −0.101%

Price spread now: Orderly against KuCoin+0.191%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 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 pays, funding is against you. Orderly is 0.191% dearer against KuCoin than usual: you sell high and buy low (spread +0.191% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	94.240	0.0992	pay 0.0496% / 4h	3h 36m	$38K	$164K	20x
Short	Orderly PERP_ZHIPU_USDC_mythos	94.420	0.0100	get 0.0100% / 8h	7h 36m	$820	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.191%Rate

Funding earned: −$187.32
Price spread: +0.191% → 0.000%: $19.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$186.22
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 47 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 KuCoin live order book, 47 min ago	12.07 bp	52.5 bp −$52	doesn't fit	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
Gate ZHIPU_USDT	0.0000%	8h	94.070	−0.180%	$3.2M	$10.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.260	+0.021%	$2K	$405K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.220	−0.021%	$33K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.330	+0.095%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	94.420	+0.191%	$820	$798	10x
Aevo ZHIPU-PERP	+0.0208%	1h	94.391	+0.161%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0316%	4h	94.200	−0.042%	$20K	$337K	20x	as long as short
Bybit ZHIPUUSDT	+0.0555%	8h	94.220	−0.021%	$351K	$1.2M	25x	as long as short
Lighter ZHIPU	+0.0560%	1h	94.260	+0.021%	$99K	$16K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	94.450	+0.223%	$53K	$33K	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	+0.0890%	1h	94.236	−0.004%	$26.5M	$6.9M	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0992%	4h	94.240	long leg	$38K	$164K	20x
Binance ZHIPUUSDT	+0.1080%	4h	94.101	−0.148%	$22.0M	$55.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1198%	1h	93.880	−0.382%	$32K	$20K	5x	as long as short
Bitget ZHIPUUSDT	+0.1460%	8h	94.170	−0.074%	$1.6M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1493%	4h	94.461	+0.234%	$20K	$151K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1835%	8h	93.970	−0.287%	$5.1M	$14.9M	25x	as long as short