Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0456%/8h= +49.9% APRpaid last 24h −0.127%

Price spread now: KuCoin against tradeXYZ+0.099%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1361.360% of the position

Long on tradeXYZ Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.557%−$56 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.099%, 7d avg −0.078%

Together, before fees−0.620%+ Points / potential airdroptradeXYZ: Active · farm board−$62 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.177% dearer against tradeXYZ than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.078%. Mind the row above: over the last 7 days funding on this pair cost −0.557%, 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	95.106	0.0542	pay 0.0068% / 1h	31m 26s	$26.9M	$7.3M	10x
Short	KuCoin ZHIPUUSDTM	95.200	0.0998	get 0.0499% / 4h	31m 26s	$38K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.099%Rate

Funding earned: $95.77
Price spread: +0.099% → −0.078%: $17.73
Slippage, 4 orders: −$105.99
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$22.49
Costs to cover: 1.360%
Break-even: 8.6 days

Slippage from tradeXYZ: live order book, 8 min ago; KuCoin: live order book, 63 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	1.10 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 63 min ago	12.51 bp	48.1 bp −$48	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	95.090	−0.017%	$1K	$514K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.140	+0.036%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	95.190	+0.088%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.108	+0.002%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.140	+0.036%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0201%	8h	95.190	+0.088%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	95.146	+0.042%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0240%	1h	94.950	−0.164%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.0542%	1h	95.106	long leg	$26.9M	$7.3M	10x
HTX ZHIPU-USDT	+0.0602%	4h	95.160	+0.057%	$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	+0.0889%	8h	95.148	+0.045%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0998%	4h	95.200	+0.099%	$38K	$112K	20x
Binance ZHIPUUSDT	+0.1038%	4h	95.140	+0.036%	$22.3M	$58.1M	25x	as long as short
Bybit ZHIPUUSDT	+0.1349%	8h	95.120	+0.015%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1529%	8h	95.160	+0.057%	$1.7M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1900%	8h	95.190	+0.088%	$5.3M	$16.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2060%	4h	94.985	−0.127%	$20K	$154K	10x	as long as short