Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0189%/8h= −20.7% APRpaid last 24h −0.030%

Price spread now: SunX against Orderly+0.085%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 SunX

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

The price spread pays, funding is against you. SunX is 0.085% dearer against Orderly than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	105.73	0.0189	pay 0.0189% / 8h	15m 45s	$77	$266	10x
Short	SunX ZHIPU-USDT	105.82	0	get 0.0000% / 4h	15m 45s	$2K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$39.65
Price spread: +0.085% → 0.000%: $8.51
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.14
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	30.35 bp	136.1 bp −$136	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
Aster ZHIPUUSDT	0.0000%	8h	105.27	−0.434%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDTshort	0.0000%	4h	105.82	+0.085%	$2K	$1.2M	10x
HTX ZHIPU-USDT	0.0000%	4h	105.65	−0.076%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0003%	8h	105.79	+0.057%	$2.9M	$13.4M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.72	−0.009%	$38K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0087%	8h	105.95	+0.208%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.81	+0.071%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.77	+0.038%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.62	−0.108%	—	—	10x	as long as short
Bitget ZHIPUUSDT	+0.0177%	8h	105.69	−0.038%	$1.7M	$4.4M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0189%	8h	105.73	long leg	$77	$266	10x
Binance ZHIPUUSDT	+0.0243%	4h	105.71	−0.016%	$21.1M	$57.7M	25x	as long as short
Lighter ZHIPU	+0.0328%	1h	105.80	+0.066%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0474%	8h	105.89	+0.151%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0902%	4h	105.93	+0.193%	$21K	$150K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0978%	1h	105.75	+0.019%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1336%	1h	105.87	+0.132%	$37K	$22K	5x	as long as short