Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0495%/8h= +54.2% APRpaid last 24h −0.164%

Price spread now: Bitget against tradeXYZ+0.063%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.456%−$46 on $10k

Price spread, last 7 days0.000%$0 · spread now +0.063%, 7d avg −0.040%

Together, before fees−0.455%+ Points / potential airdroptradeXYZ: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.102% dearer against tradeXYZ than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.456%, 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	95.800	0.1126	pay 0.0141% / 1h	38m 38s	$27.0M	$7.7M	10x
Short	Bitget ZHIPUUSDT	95.860	0.1621	get 0.1621% / 8h	1h 38m	$1.7M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.063%Rate

Funding earned: $103.97
Price spread: +0.063% → −0.040%: $10.24
Slippage, 4 orders: −$29.47
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $54.74
Costs to cover: 0.595%
Break-even: 3.3 days

Slippage from tradeXYZ: live order book, 11 min ago; Bitget: live order book, 4 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, 11 min ago	1.92 bp	14.1 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.61 bp	15.5 bp −$16	42.5 bp −$425	doesn't fit	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	95.890	+0.094%	$1K	$788K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.880	+0.084%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.730	−0.073%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.680	−0.126%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.790	−0.010%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0185%	8h	95.930	+0.136%	$3.2M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0272%	1h	95.816	+0.017%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0748%	1h	95.800	0.000%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDT	+0.0926%	8h	95.949	+0.155%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0988%	4h	95.800	0.000%	$38K	$119K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1060%	4h	95.780	−0.021%	$21K	$351K	20x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.1126%	1h	95.800	long leg	$27.0M	$7.7M	10x
Binance ZHIPUUSDT	+0.1155%	4h	95.782	−0.018%	$22.6M	$66.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1576%	8h	95.880	+0.084%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDTshort	+0.1621%	8h	95.860	+0.063%	$1.7M	$4.3M	20x
OKX ZHIPU-USDT-SWAP	+0.2009%	8h	95.870	+0.073%	$5.4M	$18.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.2054%	4h	95.820	+0.021%	$20K	$154K	10x	as long as short