Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0502%/8h= +55.0% APRpaid last 24h +0.169%

Price spread now: tradeXYZ against Orderly+0.093%55s7-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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.093% dearer against Orderly than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	95.880	0.0100	pay 0.0100% / 8h	4h 08m	$565	$798	10x
Short	tradeXYZ xyz:ZHIPU	95.969	0.0602	get 0.0075% / 1h	8m 24s	$26.9M	$7.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.093%Rate

Funding earned: $105.4
Price spread: +0.093% → 0.000%: $9.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $90.68
Costs to cover: 0.240%
Break-even: 1.0 days

Slippage unknown: Orderly: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 10 min ago	3.07 bp	14.5 bp −$14	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
SunX ZHIPU-USDT	0.0000%	4h	95.790	−0.094%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.940	+0.063%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.987	+0.112%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	95.880	long leg	$565	$798	10x
Ondo Perps ZHIPU-USD.P	+0.0112%	1h	95.670	−0.219%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDT	+0.0154%	8h	96.050	+0.177%	$3.0M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	95.919	+0.041%	—	—	10x	as long as short
Lighter ZHIPU	+0.0208%	1h	96.080	+0.209%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0465%	4h	95.910	+0.031%	$18K	$332K	20x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.0602%	1h	95.969	+0.093%	$26.9M	$7.1M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0642%	8h	96.111	+0.241%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1108%	4h	96.030	+0.156%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1396%	8h	96.040	+0.167%	$1.9M	$4.0M	20x	as long as short
Binance ZHIPUUSDT	+0.1519%	4h	95.910	+0.031%	$22.5M	$62.0M	25x	as long as short
Bybit ZHIPUUSDT	+0.1771%	8h	95.980	+0.104%	$277K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1807%	8h	96.050	+0.177%	$5.8M	$16.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.2343%	4h	95.949	+0.072%	$19K	$150K	10x	as long as short