Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Orderly against SunX+0.073%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 +$3 a day on $10k at the current rate, and Orderly is 0.073% dearer against SunX than usual: you sell high and buy low: +$7 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	SunX ZHIPU-USDT	96.030	0	get 0.0000% / 4h	3h 47m	$1K	$851K	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	96.100	0.0100	get 0.0100% / 8h	3h 47m	$567	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.073%Rate

Funding earned: $21
Price spread: +0.073% → 0.000%: $7.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $14.29
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: SunX: live order book, 55 min ago; Orderly: 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, 55 min ago	16.46 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	96.030	long leg	$1K	$851K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	96.110	+0.083%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	96.190	+0.167%	$101K	$20K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.208	+0.185%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	96.100	+0.073%	$567	$798	10x
Gate ZHIPU_USDT	+0.0102%	8h	96.130	+0.104%	$2.9M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.100	+0.072%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0522%	4h	96.130	+0.104%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0581%	8h	95.873	−0.163%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0814%	1h	96.070	+0.042%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0992%	4h	96.150	+0.125%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1262%	4h	96.080	+0.052%	$22.6M	$63.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1336%	1h	96.101	+0.074%	$26.9M	$7.2M	10x	as long as short
Bitget ZHIPUUSDT	+0.1379%	8h	96.160	+0.135%	$1.9M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1601%	8h	96.080	+0.052%	$272K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1801%	8h	96.190	+0.167%	$5.8M	$17.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.1854%	4h	96.237	+0.216%	$19K	$151K	10x	as long as short