Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0993%/8h= +108.7% APRpaid last 24h +0.156%

Price spread now: Binance against Orderly+0.261%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Binance

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

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Binance is 0.261% dearer against Orderly than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	95.960	0.0100	pay 0.0100% / 8h	1h 01m	$834	$1K	10x
Short	Binance ZHIPUUSDT	96.210	0.1093	get 0.0546% / 4h	1h 01m	$22.6M	$66.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. 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 OrderlybpFee BinancebpOrdersPrice spread, now +0.261%Rate

Funding earned: $208.45
Price spread: +0.261% → 0.000%: $26.05
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $218.51
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 10 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.53 bp	10.7 bp −$11	40.5 bp −$405	121.6 bp −$12.2K	doesn't fit

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
SunX ZHIPU-USDT	0.0000%	4h	96.080	+0.125%	$1K	$755K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.940	−0.021%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.711	−0.260%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	95.960	long leg	$834	$1K	10x
Lighter ZHIPU	+0.0136%	1h	95.990	+0.031%	$101K	$17K	10x	as long as short
Gate ZHIPU_USDT	+0.0221%	8h	96.290	+0.344%	$3.3M	$12.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	96.033	+0.077%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0494%	1h	95.380	−0.604%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0777%	4h	95.830	−0.135%	$21K	$352K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0860%	1h	96.069	+0.114%	$27.1M	$7.7M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0923%	8h	96.112	+0.159%	$53K	$53K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1036%	4h	96.170	+0.219%	$38K	$118K	20x	as long as short
Binance ZHIPUUSDTshort	+0.1093%	4h	96.210	+0.261%	$22.6M	$66.0M	25x
Bybit ZHIPUUSDT	+0.1436%	8h	96.270	+0.323%	$360K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1530%	4h	95.517	−0.462%	$20K	$154K	10x	as long as short
Bitget ZHIPUUSDT	+0.1607%	8h	96.380	+0.438%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1964%	8h	96.260	+0.313%	$5.4M	$18.7M	25x	as long as short