Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h —

Price spread now: Aevo against SunX−0.178%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.178% cheaper against SunX than usual: you would sell low and buy high (spread −0.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 3.5 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	95.170	0	get 0.0000% / 4h	2h 30m	$2K	$851K	10x
Short	Aevo ZHIPU-PERP	95.000	0.0168	get 0.0021% / 1h	30m 46s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now −0.178%Rate

Funding earned: $35.28
Price spread: −0.178% → 0.000%: −$17.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.57
Costs to cover: 0.240%
Break-even: 8.3 days

Slippage unknown: SunX: live order book, 62 min ago; Aevo: no order-book sample. 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 SunX live order book, 62 min ago	31.14 bp	110.2 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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-USDTlong	0.0000%	4h	95.170	long leg	$2K	$851K	10x
Gate ZHIPU_USDT	+0.0003%	8h	95.180	+0.011%	$2.9M	$12.1M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.960	−0.221%	$34K	$3K	10x	as long as short
HTX ZHIPU-USDT	+0.0075%	4h	95.100	−0.074%	$22K	$350K	20x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.647	−0.549%	$30K	$5K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.030	−0.147%	$826	$1K	10x	as long as short
Aevo ZHIPU-PERPshort	+0.0168%	1h	95.000	−0.178%	—	—	10x
Lighter ZHIPU	+0.0344%	1h	95.050	−0.126%	$100K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0406%	4h	95.000	−0.179%	$38K	$121K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0468%	1h	95.180	+0.011%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0507%	8h	95.160	−0.011%	$50K	$57K	20x	as long as short
Binance ZHIPUUSDT	+0.0642%	4h	95.110	−0.063%	$22.3M	$67.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0945%	1h	95.028	−0.149%	$26.8M	$7.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.1154%	8h	95.160	−0.011%	$348K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1261%	8h	95.240	+0.074%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1354%	4h	95.072	−0.102%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1671%	8h	95.180	+0.011%	$5.5M	$18.2M	25x	as long as short