Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0570%/8h= +62.4% APRpaid last 24h +0.098%

Price spread now: edgeX against tradeXYZ−0.029%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$8 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.029%, 7d avg −0.009%

Together, before fees+0.076%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	100.19	0.2085	pay 0.0261% / 1h	25m 11s	$28.2M	$6.9M	10x
Short	edgeX ZHIPUUSDC	100.16	0.2655	get 0.1328% / 4h	1h 25m	$20K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $119.71
Price spread: −0.029% → −0.009%: −$1.97
Slippage, 4 orders: −$68.92
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $21.82
Costs to cover: 0.959%
Break-even: 5.7 days

Slippage from tradeXYZ: live order book, 3 min ago; edgeX: live order book, 36 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, 3 min ago	6.49 bp	16.5 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 36 min ago	12.88 bp	42.3 bp −$42	doesn't fit	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	100.46	+0.269%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.766	−0.423%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.19	0.000%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.33	+0.144%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0104%	1h	100.19	0.000%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0401%	8h	99.781	−0.408%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0436%	8h	100.36	+0.170%	$3.2M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1195%	8h	100.29	+0.100%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1220%	4h	100.15	−0.040%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1289%	1h	100.14	−0.050%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1377%	8h	100.35	+0.160%	$5.4M	$15.6M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1382%	4h	100.09	−0.100%	$40K	$121K	20x	as long as short
Lighter ZHIPU	+0.1528%	1h	100.16	−0.030%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.2085%	1h	100.19	long leg	$28.2M	$6.9M	10x
Binance ZHIPUUSDT	+0.2211%	4h	100.16	−0.030%	$23.4M	$56.9M	25x	as long as short
edgeX ZHIPUUSDCshort	+0.2655%	4h	100.16	−0.029%	$20K	$149K	10x
Bybit ZHIPUUSDT	+0.2959%	8h	100.29	+0.100%	$372K	$1.3M	25x	as long as short