Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1055%/8h= +115.6% APRpaid last 24h +0.037%

Price spread now: Bitget against SoDEX+0.140%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Bitget

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 for this trade now. Funding pays +$32 a day on $10k at the current rate, and Bitget is 0.140% dearer against SoDEX than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	100.05	0.0057	pay 0.0007% / 1h	29m 58s	$36K	$3K	10x
Short	Bitget ZHIPUUSDT	100.19	0.1112	get 0.1112% / 8h	5h 29m	$2.0M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.140%Rate

Funding earned: $221.64
Price spread: +0.140% → 0.000%: $13.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $215.63
Costs to cover: 0.200%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	5.00 bp	16.2 bp −$16	67.1 bp −$671	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	100.33	+0.280%	$2K	$930K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0057%	1h	100.05	long leg	$36K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	99.674	−0.376%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.08	+0.030%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.13	+0.080%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0308%	8h	99.740	−0.310%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0378%	8h	100.25	+0.200%	$3.2M	$10.7M	50x	as long as short
HTX ZHIPU-USDT	+0.1102%	4h	100.22	+0.170%	$18K	$321K	20x	as long as short
Bitget ZHIPUUSDTshort	+0.1112%	8h	100.19	+0.140%	$2.0M	$3.7M	20x
Ondo Perps ZHIPU-USD.P	+0.1155%	1h	99.590	−0.460%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.1264%	4h	100.03	−0.020%	$40K	$122K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1275%	8h	100.27	+0.220%	$5.4M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1376%	1h	100.02	−0.030%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2034%	1h	100.00	−0.050%	$28.1M	$6.7M	10x	as long as short
Binance ZHIPUUSDT	+0.2081%	4h	100.08	+0.028%	$22.7M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2346%	4h	99.897	−0.153%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2853%	8h	100.16	+0.110%	$372K	$1.3M	25x	as long as short