Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h +0.123%

Price spread now: tradeXYZ against KuCoin+0.071%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1371.369% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.567%+$57 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.071%, 7d avg +0.081%

Together, before fees+0.441%+ Points / potential airdroptradeXYZ: Active · farm board+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.081%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.567%, 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	95.380	0.0956	pay 0.0478% / 4h	1h 23m	$38K	$119K	20x
Short	tradeXYZ xyz:ZHIPU	95.448	0.0925	get 0.0116% / 1h	23m 59s	$26.9M	$7.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$6.53
Price spread: +0.071% → +0.081%: −$0.93
Slippage, 4 orders: −$106.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$144.38
Costs to cover: 1.369%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; tradeXYZ: live order book, 5 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, 10 min ago	12.51 bp	59.5 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.84 bp	13.5 bp −$14	doesn't fit	doesn't fit	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	95.590	+0.220%	$2K	$770K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.440	+0.063%	$100K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.400	+0.021%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.172	−0.218%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.410	+0.031%	$829	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0183%	8h	95.500	+0.126%	$3.2M	$11.9M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	95.407	+0.029%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0540%	1h	95.050	−0.346%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0870%	4h	95.400	+0.021%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0902%	8h	95.440	+0.063%	$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:ZHIPUshort	+0.0925%	1h	95.448	+0.071%	$26.9M	$7.6M	10x
KuCoin ZHIPUUSDTMlong	+0.0956%	4h	95.380	long leg	$38K	$119K	20x
Binance ZHIPUUSDT	+0.1071%	4h	95.379	−0.001%	$22.5M	$66.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1195%	4h	95.139	−0.253%	$20K	$153K	10x	as long as short
Bybit ZHIPUUSDT	+0.1483%	8h	95.400	+0.021%	$357K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1603%	8h	95.410	+0.031%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1976%	8h	95.510	+0.136%	$5.4M	$18.5M	25x	as long as short