Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0275%/8h= +30.2% APRpaid last 24h +0.002%

Price spread now: HTX against Orderly+0.177%54s7-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 HTX

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 +$8 a day on $10k at the current rate, and HTX is 0.177% dearer against Orderly than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	95.900	0.0100	pay 0.0100% / 8h	3h 43m	$565	$798	10x
Short	HTX ZHIPU-USDT	96.070	0.0375	get 0.0188% / 4h	3h 43m	$17K	$332K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.177%Rate

Funding earned: $57.85
Price spread: +0.177% → 0.000%: $17.73
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $57.58
Costs to cover: 0.180%
Break-even: 0.0 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 9 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 HTX live order book, 9 min ago	5.74 bp	18.4 bp −$18	36.1 bp −$361	doesn't fit	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	96.020	+0.125%	$1K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	+0.146%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	96.120	+0.229%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0096%	8h	95.960	+0.063%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.954	+0.056%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	95.900	long leg	$565	$798	10x
Aevo ZHIPU-PERP	+0.0192%	1h	95.883	−0.018%	—	—	10x	as long as short
HTX ZHIPU-USDTshort	+0.0375%	4h	96.070	+0.177%	$17K	$332K	20x
Aster ZHIPUUSDT	+0.0567%	8h	95.898	−0.002%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0854%	1h	96.240	+0.355%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0972%	4h	96.050	+0.156%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1251%	4h	95.955	+0.057%	$22.5M	$63.4M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1261%	1h	95.908	+0.008%	$26.9M	$7.2M	10x	as long as short
Bitget ZHIPUUSDT	+0.1381%	8h	95.930	+0.031%	$1.8M	$4.1M	20x	as long as short
edgeX ZHIPUUSDC	+0.1550%	4h	96.183	+0.295%	$19K	$151K	10x	as long as short
Bybit ZHIPUUSDT	+0.1601%	8h	95.940	+0.042%	$271K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1791%	8h	95.980	+0.083%	$5.8M	$17.0M	25x	as long as short