Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.040%

Price spread now: KuCoin against OKX−0.057%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1461.461% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.057%, 7d avg −0.034%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.023% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	105.81	0.0100	pay 0.0100% / 8h	13m 47s	$5.0M	$18.8M	25x
Short	KuCoin ZHIPUUSDTM	105.75	0.0100	get 0.0050% / 4h	13m 47s	$41K	$130K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0.07
Price spread: −0.057% → −0.034%: −$2.26
Slippage, 4 orders: −$124.05
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$148.24
Costs to cover: 1.461%
Break-even: 14972.6 days

Slippage from OKX: live order book, 5 min ago; KuCoin: live order book, 40 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, 5 min ago	0.47 bp	10.6 bp −$11	57.7 bp −$577	doesn't fit	doesn't fit
Sell KuCoin live order book, 40 min ago	12.82 bp	75.4 bp −$75	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
Aster ZHIPUUSDT	0.0000%	8h	105.30	−0.482%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.74	−0.066%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.58	−0.217%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0008%	8h	105.79	−0.019%	$2.9M	$13.5M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.68	−0.123%	$38K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.0100%	8h	105.81	long leg	$5.0M	$18.8M	25x
Nado ZHIPU-PERP	+0.0100%	1h	105.81	+0.005%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0100%	4h	105.75	−0.057%	$41K	$130K	20x
Aevo ZHIPU-PERP	+0.0104%	1h	105.65	−0.156%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0183%	8h	105.63	−0.170%	$77	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0196%	8h	105.70	−0.104%	$1.7M	$4.4M	20x	as long as short
Binance ZHIPUUSDT	+0.0269%	4h	105.63	−0.170%	$21.1M	$57.6M	25x	as long as short
Lighter ZHIPU	+0.0360%	1h	105.71	−0.095%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0486%	8h	105.81	0.000%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0875%	4h	105.86	+0.043%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1020%	1h	105.67	−0.132%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1393%	1h	105.72	−0.085%	$37K	$22K	5x	as long as short