Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.007%

Price spread now: HTX against SoDEX−0.028%7-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 HTX

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 against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.028% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	105.56	0.0050	pay 0.0006% / 1h	45m 30s	$37K	$3K	10x
Short	HTX ZHIPU-USDT	105.53	0	get 0.0000% / 4h	3h 45m	$19K	$314K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$10.5
Price spread: −0.028% → 0.000%: −$2.84
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$33.34
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 27 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 HTX live order book, 27 min ago	3.31 bp	9.4 bp −$9	28.9 bp −$289	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
Aster ZHIPUUSDT	0.0000%	8h	105.42	−0.132%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDT	0.0000%	8h	105.69	+0.123%	$299K	$1.3M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.68	+0.114%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.69	+0.123%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTshort	0.0000%	4h	105.53	−0.028%	$19K	$314K	20x
Lighter ZHIPU	+0.0032%	1h	105.67	+0.104%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	105.56	long leg	$37K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	105.65	+0.082%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.59	+0.028%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.56	−0.005%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0148%	8h	105.53	−0.028%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0160%	8h	105.71	+0.142%	$5.0M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0228%	8h	105.64	+0.076%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0332%	1h	105.64	+0.076%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0554%	4h	105.56	−0.004%	$21.1M	$57.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.62	+0.057%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0997%	1h	105.65	+0.085%	$37K	$22K	5x	as long as short