Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0463%/8h= −50.7% APRpaid last 24h −0.185%

Price spread now: Orderly against tradeXYZ−0.220%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.220% cheaper against tradeXYZ than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	95.189	0.0563	pay 0.0070% / 1h	32m 24s	$26.9M	$7.3M	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	94.980	0.0100	get 0.0100% / 8h	32m 24s	$825	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.220%Rate

Funding earned: −$97.19
Price spread: −0.220% → 0.000%: −$21.96
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$143.15
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.

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, 7 min ago	1.10 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.104%	$1K	$530K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.950	−0.251%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0064%	1h	95.040	−0.157%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.138	−0.053%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	94.980	−0.220%	$825	$798	10x
Gate ZHIPU_USDT	+0.0202%	8h	95.020	−0.178%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	94.991	−0.208%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0256%	1h	94.950	−0.251%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.0563%	1h	95.189	long leg	$26.9M	$7.3M	10x
HTX ZHIPU-USDT	+0.0617%	4h	94.990	−0.209%	$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	+0.0895%	8h	95.164	−0.026%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0998%	4h	95.060	−0.136%	$38K	$112K	20x	as long as short
Binance ZHIPUUSDT	+0.1047%	4h	95.109	−0.084%	$22.3M	$58.2M	25x	as long as short
Bybit ZHIPUUSDT	+0.1356%	8h	95.140	−0.051%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1536%	8h	95.170	−0.020%	$1.7M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	−0.063%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1905%	8h	95.250	+0.064%	$5.3M	$16.1M	25x	as long as short