Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0425%/8h= +46.5% APRpaid last 24h −0.098%

Price spread now: Bybit against tradeXYZ−0.015%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.015%, 7d avg −0.012%

Together, before fees−0.386%+ Points / potential airdroptradeXYZ: Active · farm board−$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.414%, 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	95.954	0.1144	pay 0.0143% / 1h	41m 32s	$26.9M	$7.2M	10x
Short	Bybit ZHIPUUSDT	95.940	0.1569	get 0.1569% / 8h	3h 41m	$271K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.015%Rate

Funding earned: $89.19
Price spread: −0.015% → −0.012%: −$0.24
Slippage, 4 orders: −$78.07
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$18.13
Costs to cover: 1.071%
Break-even: 8.4 days

Slippage from tradeXYZ: live order book, 8 min ago; Bybit: 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, 8 min ago	1.56 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	4.16 bp	43.0 bp −$43	199.0 bp −$1,990	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	95.860	−0.098%	$2K	$851K	10x	as long as short
Lighter ZHIPU	+0.0048%	1h	95.980	+0.027%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.870	−0.088%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0088%	8h	95.950	−0.004%	$2.9M	$11.8M	50x	as long as short
HTX ZHIPU-USDT	+0.0096%	4h	95.850	−0.108%	$17K	$332K	20x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.974	+0.020%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	−0.056%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.881	−0.076%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0564%	8h	95.896	−0.061%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0765%	1h	95.810	−0.150%	$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	+0.0958%	4h	95.970	+0.017%	$39K	$125K	20x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.1144%	1h	95.954	long leg	$26.9M	$7.2M	10x
Binance ZHIPUUSDT	+0.1223%	4h	95.870	−0.088%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1370%	8h	95.990	+0.038%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDTshort	+0.1569%	8h	95.940	−0.015%	$271K	$1.4M	25x
edgeX ZHIPUUSDC	+0.1683%	4h	95.958	+0.005%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1785%	8h	95.980	+0.027%	$5.7M	$17.0M	25x	as long as short