Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.133%

Price spread now: Binance against SoDEX−0.009%55s7-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 Binance

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate. 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	SoDEX ZHIPU-USD	105.72	0.0050	pay 0.0006% / 1h	15m 24s	$38K	$3K	10x
Short	Binance ZHIPUUSDT	105.71	0.0243	get 0.0121% / 4h	15m 24s	$21.1M	$57.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.009%Rate

Funding earned: $40.46
Price spread: −0.009% → 0.000%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $21.51
Costs to cover: 0.180%
Break-even: 3.3 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 12 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 12 min ago	1.43 bp	11.2 bp −$11	45.6 bp −$456	224.5 bp −$22.4K	doesn't fit

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
Aster ZHIPUUSDT	0.0000%	8h	105.28	−0.419%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.82	+0.095%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.65	−0.066%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0006%	8h	105.90	+0.170%	$2.9M	$13.4M	50x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	105.72	long leg	$38K	$3K	10x
OKX ZHIPU-USDT-SWAP	+0.0096%	8h	105.89	+0.161%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.87	+0.137%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.77	+0.047%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.62	−0.099%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0186%	8h	105.70	−0.019%	$77	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0186%	8h	105.81	+0.085%	$1.7M	$4.4M	20x	as long as short
Binance ZHIPUUSDTshort	+0.0243%	4h	105.71	−0.009%	$21.1M	$57.7M	25x
Lighter ZHIPU	+0.0328%	1h	105.80	+0.076%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0474%	8h	105.87	+0.142%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0875%	4h	105.86	+0.128%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0988%	1h	105.79	+0.066%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1362%	1h	105.72	0.000%	$37K	$22K	5x	as long as short