Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Gate against SunX−0.306%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$320as in the Price arb table

costs, in and out, $10k−$2892.885% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.306%, 7d avg +0.009%

Together, before fees+0.184%+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.315% cheaper against SunX than usual: you would sell low and buy high, −$32 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	94.690	0	get 0.0000% / 4h	2h 51m	$1K	$848K	10x
Short	Gate ZHIPU_USDT	94.400	0	get 0.0000% / 8h	2h 51m	$2.9M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.306%Rate

Funding earned: $0
Price spread: −0.306% → +0.009%: −$31.52
Slippage, 4 orders: −$265.5
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$320.02
Costs to cover: 2.885%
Break-even: never at this rate

Slippage from SunX: live order book, 41 min ago; Gate: live order book, 2 min ago.

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, 41 min ago	31.14 bp	110.2 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.36 bp	19.1 bp −$19	53.5 bp −$535	86.5 bp −$8,646	doesn't fit

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
Gate ZHIPU_USDTshort	0.0000%	8h	94.400	−0.306%	$2.9M	$11.6M	50x
SunX ZHIPU-USDTlong	0.0000%	4h	94.690	long leg	$1K	$848K	10x
HTX ZHIPU-USDT	0.0000%	4h	94.510	−0.190%	$22K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.320	−0.391%	$99K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.370	−0.338%	$34K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.040	−0.686%	$35K	$20K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.169	−0.550%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.400	−0.306%	$820	$1K	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	94.362	−0.346%	—	—	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0324%	1h	94.459	−0.244%	$26.4M	$7.3M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0382%	4h	94.350	−0.359%	$38K	$122K	20x	as long as short
Aster ZHIPUUSDT	+0.0419%	8h	94.490	−0.211%	$49K	$51K	20x	as long as short
Binance ZHIPUUSDT	+0.0548%	4h	94.416	−0.289%	$21.9M	$65.8M	25x	as long as short
edgeX ZHIPUUSDC	+0.1039%	4h	94.989	+0.316%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.1087%	8h	94.360	−0.349%	$264K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1170%	8h	94.470	−0.232%	$1.7M	$4.2M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1569%	8h	94.520	−0.180%	$5.5M	$17.6M	25x	as long as short