Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.058%

Price spread now: KuCoin against Orderly+0.074%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 KuCoin

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 +$7 a day on $10k at the current rate, and KuCoin is 0.074% dearer against Orderly than usual: you sell high and buy low: +$7 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	94.960	0.0100	pay 0.0100% / 8h	2h 44m	$825	$1K	10x
Short	KuCoin ZHIPUUSDTM	95.030	0.0336	get 0.0168% / 4h	2h 44m	$38K	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $49.56
Price spread: +0.074% → 0.000%: $7.37
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $38.93
Costs to cover: 0.180%
Break-even: 1.5 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	13.25 bp	53.4 bp −$53	doesn't fit	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
Gate ZHIPU_USDT	0.0000%	8h	95.190	+0.242%	$2.9M	$11.8M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	95.280	+0.337%	$1K	$850K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	95.100	+0.147%	$22K	$349K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.870	−0.095%	$100K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.970	+0.011%	$34K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.830	−0.137%	$35K	$20K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.725	−0.247%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	94.960	long leg	$825	$1K	10x
Aevo ZHIPU-PERP	+0.0144%	1h	94.979	+0.020%	—	—	10x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0336%	4h	95.030	+0.074%	$38K	$121K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0421%	8h	95.119	+0.167%	$50K	$53K	20x	as long as short
Binance ZHIPUUSDT	+0.0507%	4h	95.030	+0.074%	$22.2M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0571%	1h	95.042	+0.086%	$26.7M	$7.4M	10x	as long as short
edgeX ZHIPUUSDC	+0.0961%	4h	94.327	−0.666%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.1053%	8h	95.070	+0.116%	$266K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1170%	8h	95.220	+0.274%	$1.7M	$4.2M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1589%	8h	95.210	+0.263%	$5.5M	$17.9M	25x	as long as short