Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SoDEX against SunX−0.114%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 SoDEX

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

Funding pays, the price is against you. SoDEX is 0.114% cheaper against SunX than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 7.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	105.29	0	get 0.0000% / 4h	40m 27s	$2K	$1.2M	10x
Short	SoDEX ZHIPU-USD	105.17	0.0050	get 0.0006% / 1h	40m 27s	$37K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.114%Rate

Funding earned: $10.5
Price spread: −0.114% → 0.000%: −$11.4
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.9
Costs to cover: 0.160%
Break-even: 18.3 days

Slippage unknown: SunX: live order book, 3 min ago; SoDEX: 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, 3 min ago	31.33 bp	110.2 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	105.04	−0.241%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	105.16	−0.123%	$20.9M	$57.2M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.32	+0.028%	$2.9M	$13.3M	50x	as long as short
SunX ZHIPU-USDTlong	0.0000%	4h	105.29	long leg	$2K	$1.2M	10x
HTX ZHIPU-USDT	0.0000%	4h	105.17	−0.114%	$19K	$316K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0042%	8h	105.39	+0.095%	$5.0M	$18.6M	25x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	105.17	−0.114%	$37K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	105.25	−0.035%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.17	−0.114%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.17	−0.113%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0129%	8h	105.24	−0.047%	$1.7M	$4.4M	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0204%	8h	105.17	−0.114%	$76	$266	10x	as long as short
Lighter ZHIPU	+0.0280%	1h	105.28	−0.009%	$120K	$9K	10x	as long as short
Bybit ZHIPUUSDT	+0.0349%	8h	105.25	−0.038%	$305K	$1.3M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0809%	1h	105.24	−0.047%	$29.0M	$7.8M	10x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.23	−0.056%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1095%	1h	105.16	−0.123%	$37K	$22K	5x	as long as short