Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Aster against SoDEX−0.513%45s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Aster

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.513% cheaper against SoDEX than usual: you would sell low and buy high (−$51 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	SoDEX ZHIPU-USD	105.78	0.0050	pay 0.0006% / 1h	17m 29s	$38K	$3K	10x
Short	Aster ZHIPUUSDT	105.24	0	get 0.0000% / 8h	17m 29s	$54K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against SoDEX. 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 SoDEXbpFee AsterbpOrdersPrice spread, now −0.513%Rate

Funding earned: −$10.5
Price spread: −0.513% → 0.000%: −$51.28
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.78
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Aster: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

SoDEX and Aster: 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 ZHIPUUSDTshort	0.0000%	8h	105.24	−0.513%	$54K	$51K	20x
Gate ZHIPU_USDT	0.0000%	8h	105.97	+0.180%	$2.9M	$13.4M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.02	+0.227%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.91	+0.123%	$19K	$316K	20x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	105.78	long leg	$38K	$3K	10x
OKX ZHIPU-USDT-SWAP	+0.0080%	8h	105.92	+0.132%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.90	+0.109%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.82	+0.038%	$42K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.79	+0.005%	—	—	10x	as long as short
Bitget ZHIPUUSDT	+0.0166%	8h	105.85	+0.066%	$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
Binance ZHIPUUSDT	+0.0171%	4h	105.75	−0.028%	$21.1M	$57.7M	25x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0193%	8h	105.75	−0.028%	$77	$266	10x	as long as short
Lighter ZHIPU	+0.0288%	1h	105.88	+0.095%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0448%	8h	105.96	+0.170%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0902%	4h	105.93	+0.146%	$21K	$150K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0914%	1h	105.87	+0.085%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1298%	1h	105.87	+0.085%	$37K	$22K	5x	as long as short