Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.116%

Price spread now: Binance against OKX−0.160%7-day average −0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 2 days (all we have)+0.054%+$5 · spread now −0.160%, 7d avg −0.122%

Together, before fees−0.067%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.039% cheaper against OKX than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.122%). If the spread goes back, that is −$4 on $10k: about 2.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	105.92	0.0071	pay 0.0071% / 8h	18m 05s	$5.0M	$18.8M	25x
Short	Binance ZHIPUUSDT	105.75	0.0124	get 0.0062% / 4h	18m 05s	$21.1M	$57.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.160%Rate

Funding earned: $11.05
Price spread: −0.160% → −0.122%: −$3.86
Slippage, 4 orders: −$23.55
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.36
Costs to cover: 0.436%
Break-even: 30.0 days

Slippage from OKX: live order book, just now; Binance: live order book, 9 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 OKX live order book, just now	0.47 bp	10.6 bp −$11	57.7 bp −$577	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.43 bp	11.2 bp −$11	45.6 bp −$456	224.5 bp −$22.4K	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
Aster ZHIPUUSDT	0.0000%	8h	105.23	−0.655%	$54K	$51K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	106.06	+0.132%	$2.9M	$13.4M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.02	+0.094%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.91	−0.009%	$19K	$316K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.78	−0.132%	$38K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.0071%	8h	105.92	long leg	$5.0M	$18.8M	25x
Nado ZHIPU-PERP	+0.0100%	1h	105.85	−0.070%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.83	−0.085%	$42K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.79	−0.127%	—	—	10x	as long as short
Binance ZHIPUUSDTshort	+0.0124%	4h	105.75	−0.160%	$21.1M	$57.6M	25x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0148%	8h	105.92	0.000%	$1.7M	$4.4M	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0193%	8h	105.75	−0.160%	$77	$266	10x	as long as short
edgeX ZHIPUUSDC	+0.0261%	4h	105.29	−0.594%	$21K	$150K	10x	as long as short
Lighter ZHIPU	+0.0288%	1h	105.87	−0.047%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0429%	8h	105.92	0.000%	$306K	$1.3M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0900%	1h	105.87	−0.047%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1248%	1h	105.87	−0.047%	$37K	$22K	5x	as long as short