Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h −0.221%

Price spread now: Aster against tradeXYZ+0.079%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.395%−$39 on $10k

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

Together, before fees—+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aster is 0.079% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.395%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	95.134	0.0628	pay 0.0079% / 1h	34m 33s	$26.9M	$7.3M	10x
Short	Aster ZHIPUUSDT	95.210	0.0901	get 0.0901% / 8h	34m 33s	$53K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now +0.079%Rate

Funding earned: $57.2
Price spread: +0.079% → 0.000%: $7.94
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: $39.14
Costs to cover: 0.260%
Break-even: 2.2 days

Slippage unknown: tradeXYZ: live order book, 5 min ago; Aster: 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 tradeXYZ live order book, 5 min ago	1.10 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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-USDT	0.0000%	4h	95.120	−0.015%	$1K	$537K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.020	−0.120%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	95.080	−0.057%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.977	−0.165%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.020	−0.120%	$826	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0208%	8h	95.170	+0.038%	$3.2M	$10.0M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.052	−0.086%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0291%	1h	95.220	+0.090%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.0628%	1h	95.134	long leg	$26.9M	$7.3M	10x
HTX ZHIPU-USDT	+0.0646%	4h	95.050	−0.088%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDTshort	+0.0901%	8h	95.210	+0.079%	$53K	$41K	20x
KuCoin ZHIPUUSDTM	+0.1018%	4h	95.230	+0.101%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1072%	4h	95.107	−0.028%	$22.3M	$58.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.1373%	8h	95.130	−0.004%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1553%	8h	95.130	−0.004%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	−0.005%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1922%	8h	95.300	+0.174%	$5.3M	$16.1M	25x	as long as short