Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.021%

Price spread now: SoDEX against Orderly−0.021%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.021% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	96.060	0.0100	pay 0.0100% / 8h	3h 06m	$566	$798	10x
Short	SoDEX ZHIPU-USD	96.040	0.0050	get 0.0006% / 1h	6m 49s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$10.5
Price spread: −0.021% → 0.000%: −$2.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$26.58
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Orderly and SoDEX: 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	96.030	−0.031%	$2K	$847K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.130	+0.073%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.130	+0.073%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0041%	8h	96.180	+0.125%	$2.9M	$11.9M	50x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.040	−0.021%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.060	0.000%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	96.060	long leg	$566	$798	10x
Aevo ZHIPU-PERP	+0.0184%	1h	96.044	−0.016%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0464%	8h	96.172	+0.117%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0606%	4h	96.080	+0.021%	$39K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0741%	1h	95.950	−0.115%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0759%	1h	96.063	+0.003%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.0870%	4h	96.094	+0.035%	$22.5M	$63.6M	25x	as long as short
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.035%	$19K	$150K	10x	as long as short
Bitget ZHIPUUSDT	+0.1276%	8h	96.180	+0.125%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1297%	8h	96.130	+0.073%	$266K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1672%	8h	96.210	+0.156%	$5.7M	$17.1M	25x	as long as short