Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.052%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 SunX

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 pays, funding is against you. SunX is 0.052% dearer against SoDEX than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	96.030	0.0050	pay 0.0006% / 1h	13m 30s	$34K	$3K	10x
Short	SunX ZHIPU-USDT	96.080	0	get 0.0000% / 4h	3h 13m	$2K	$847K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$10.5
Price spread: +0.052% → 0.000%: $5.21
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 19 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 SunX live order book, 19 min ago	31.14 bp	137.9 bp −$138	doesn't fit	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-USDTshort	0.0000%	4h	96.080	+0.052%	$2K	$847K	10x
Lighter ZHIPU	+0.0032%	1h	96.140	+0.115%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0045%	4h	96.120	+0.094%	$19K	$336K	20x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	96.030	long leg	$34K	$3K	10x
Gate ZHIPU_USDT	+0.0056%	8h	96.270	+0.250%	$2.9M	$11.9M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.076	+0.047%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.020	−0.010%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0200%	1h	96.006	−0.025%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0482%	8h	96.053	+0.024%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0684%	4h	96.140	+0.115%	$39K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0796%	1h	96.030	0.000%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0861%	1h	96.096	+0.069%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.0959%	4h	96.163	+0.138%	$22.5M	$63.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.1183%	4h	96.026	−0.005%	$19K	$151K	10x	as long as short
Bitget ZHIPUUSDT	+0.1311%	8h	96.280	+0.260%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1372%	8h	96.160	+0.135%	$266K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1706%	8h	96.350	+0.333%	$5.7M	$17.1M	25x	as long as short