Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0402%/8h= −44.0% APRpaid last 24h −0.214%

Price spread now: Gate against tradeXYZ+0.116%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$570.568% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.116%, 7d avg −0.014%

Together, before fees−0.435%+ Points / potential airdroptradeXYZ: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.130% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.014%): +$13 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.392% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	95.060	0.0610	pay 0.0076% / 1h	34m 04s	$26.8M	$7.3M	10x
Short	Gate ZHIPU_USDT	95.170	0.0208	get 0.0208% / 8h	34m 04s	$3.2M	$10.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.116%Rate

Funding earned: −$84.43
Price spread: +0.116% → −0.014%: $12.98
Slippage, 4 orders: −$23.76
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$128.21
Costs to cover: 0.568%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Gate: 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, 5 min ago	1.10 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.73 bp	14.6 bp −$15	46.4 bp −$464	82.9 bp −$8,290	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	95.220	+0.168%	$2K	$538K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.110	+0.053%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	95.120	+0.063%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.236	+0.185%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.210	+0.158%	$827	$798	10x	as long as short
Gate ZHIPU_USDTshort	+0.0208%	8h	95.170	+0.116%	$3.2M	$10.0M	50x
Aevo ZHIPU-PERP	+0.0224%	1h	95.150	+0.095%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0291%	1h	95.220	+0.168%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.0610%	1h	95.060	long leg	$26.8M	$7.3M	10x
HTX ZHIPU-USDT	+0.0634%	4h	95.220	+0.168%	$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 ZHIPUUSDT	+0.0901%	8h	95.170	+0.116%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1018%	4h	95.260	+0.210%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1072%	4h	95.053	−0.007%	$22.3M	$58.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1373%	8h	95.110	+0.053%	$354K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1553%	8h	95.080	+0.021%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	+0.073%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1914%	8h	95.120	+0.063%	$5.3M	$16.1M	25x	as long as short