Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0072%/8h= +7.9% APRnext payment +$0.09 per $10,000 · paid last 24h —

Price spread now: Aevo against Lighter−0.089%7-day average — · you buy dearer than you sell

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

Long on Lighter 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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Aevo is 0.089% cheaper against Lighter than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 4.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	104.95	0.0032	pay 0.0004% / 1h	48m 16s	$119K	$9K	10x
Short	Aevo ZHIPU-PERP	104.86	0.0104	get 0.0013% / 1h	48m 16s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Lighter. 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 LighterbpFee AevobpOrdersPrice spread, now −0.089%Rate

Funding earned: $15.12
Price spread: −0.089% → 0.000%: −$8.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.81
Costs to cover: 0.160%
Break-even: 11.5 days

Slippage unknown: Lighter: live order book, 25 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 Lighter live order book, 25 min ago	16.68 bp	36.0 bp −$36	46.9 bp −$469	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
Aster ZHIPUUSDT	0.0000%	8h	104.82	−0.125%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	104.85	−0.096%	$20.8M	$56.9M	25x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	104.95	0.000%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	104.82	−0.124%	$19K	$315K	20x	as long as short
Lighter ZHIPUlong	+0.0032%	1h	104.95	long leg	$119K	$9K	10x
Gate ZHIPU_USDT	+0.0032%	8h	104.99	+0.038%	$2.8M	$13.6M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.89	−0.057%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	104.98	+0.026%	$23K	$145	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	104.91	−0.038%	$41K	$134K	20x	as long as short
Aevo ZHIPU-PERPshort	+0.0104%	1h	104.86	−0.089%	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0112%	1h	104.97	+0.019%	$29.3M	$7.6M	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0203%	8h	104.84	−0.105%	$76	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0207%	8h	104.98	+0.029%	$4.8M	$18.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.0294%	8h	104.92	−0.029%	$1.7M	$4.4M	20x	as long as short
Bybit ZHIPUUSDT	+0.0456%	8h	105.01	+0.057%	$303K	$1.3M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0467%	1h	104.90	−0.048%	$40K	$19K	5x	as long as short
edgeX ZHIPUUSDC	+0.0479%	4h	104.96	+0.005%	$21K	$149K	10x	as long as short