Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h −0.008%

Price spread now: Gate against SoDEX+0.031%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 Gate

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 +$4 a day on $10k at the current rate, and Gate is 0.031% dearer against SoDEX than usual: you sell high and buy low: +$3 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	95.340	0.0050	pay 0.0006% / 1h	22m 41s	$34K	$3K	10x
Short	Gate ZHIPU_USDT	95.370	0.0183	get 0.0183% / 8h	1h 22m	$3.2M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: $27.93
Price spread: +0.031% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $8.08
Costs to cover: 0.230%
Break-even: 5.0 days

Slippage unknown: SoDEX: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	4.71 bp	14.7 bp −$15	52.8 bp −$528	86.6 bp −$8,663	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	95.490	+0.157%	$2K	$770K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.330	−0.010%	$100K	$17K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	95.340	long leg	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	95.173	−0.175%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.340	0.000%	$828	$1K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0183%	8h	95.370	+0.031%	$3.2M	$11.9M	50x
Aevo ZHIPU-PERP	+0.0240%	1h	95.349	+0.010%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0528%	1h	95.050	−0.304%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0864%	4h	95.410	+0.073%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0902%	8h	95.439	+0.104%	$53K	$53K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0922%	1h	95.264	−0.080%	$26.9M	$7.6M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0964%	4h	95.310	−0.031%	$38K	$118K	20x	as long as short
Binance ZHIPUUSDT	+0.1070%	4h	95.306	−0.035%	$22.5M	$66.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.1195%	4h	95.139	−0.211%	$20K	$153K	10x	as long as short
Bybit ZHIPUUSDT	+0.1477%	8h	95.330	−0.010%	$356K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1604%	8h	95.330	−0.010%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1977%	8h	95.340	0.000%	$5.4M	$18.5M	25x	as long as short