Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0114%/8h= +12.4% APRpaid last 24h −0.010%

Price spread now: Binance against tradeXYZ−0.089%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.565%−$56 on $10k

Price spread, last 7 days+0.084%+$8 · spread now −0.089%, 7d avg −0.106%

Together, before fees−0.480%+ Points / potential airdroptradeXYZ: Active · farm board−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.106%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.565%, 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	96.035	0.0718	pay 0.0090% / 1h	3m 49s	$26.9M	$7.2M	10x
Short	Binance ZHIPUUSDT	95.949	0.0832	get 0.0416% / 4h	3h 03m	$22.5M	$63.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.089%Rate

Funding earned: $23.87
Price spread: −0.089% → −0.106%: $1.63
Slippage, 4 orders: −$21.06
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.57
Costs to cover: 0.491%
Break-even: 13.9 days

Slippage from tradeXYZ: live order book, 4 min ago; Binance: live order book, 8 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 tradeXYZ live order book, 4 min ago	1.51 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	2.60 bp	9.8 bp −$10	33.1 bp −$331	145.9 bp −$14.6K	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
SunX ZHIPU-USDT	0.0000%	4h	96.100	+0.068%	$1K	$848K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.010	−0.026%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.090	+0.057%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0036%	8h	96.050	+0.016%	$2.9M	$11.9M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.030	−0.005%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.053	+0.019%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.030	−0.005%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	96.009	−0.027%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0453%	8h	96.156	+0.126%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0570%	4h	96.050	+0.016%	$39K	$120K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPUlong	+0.0718%	1h	96.035	long leg	$26.9M	$7.2M	10x
Ondo Perps ZHIPU-USD.P	+0.0728%	1h	96.270	+0.245%	$36K	$20K	5x	as long as short
Binance ZHIPUUSDTshort	+0.0832%	4h	95.949	−0.089%	$22.5M	$63.7M	25x
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.009%	$19K	$150K	10x	as long as short
Bitget ZHIPUUSDT	+0.1263%	8h	96.070	+0.036%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1267%	8h	96.070	+0.036%	$267K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1654%	8h	96.070	+0.036%	$5.7M	$17.1M	25x	as long as short