Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1182%/8h= +129.5% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.078%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Bybit is 0.078% dearer against Aevo than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	95.076	0.0232	pay 0.0029% / 1h	48m 59s	—	—	10x
Short	Bybit ZHIPUUSDT	95.150	0.1414	get 0.1414% / 8h	48m 59s	$354K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aevo. 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 AevobpFee BybitbpOrdersPrice spread, now +0.078%Rate

Funding earned: $248.3
Price spread: +0.078% → 0.000%: $7.79
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $229.09
Costs to cover: 0.270%
Break-even: 0.5 days

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 2 min ago. 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 Aevo no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	4.72 bp	48.3 bp −$48	196.2 bp −$1,962	doesn't fit	doesn't fit

Aevo: 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	95.260	+0.194%	$1K	$676K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.030	−0.048%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.940	−0.143%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.060	−0.017%	$826	$798	10x	as long as short
Lighter ZHIPU	+0.0112%	1h	95.070	−0.006%	$100K	$16K	10x	as long as short
Gate ZHIPU_USDT	+0.0207%	8h	95.130	+0.057%	$3.2M	$9.8M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0232%	1h	95.076	long leg	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0269%	1h	95.260	+0.194%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0733%	4h	94.930	−0.153%	$20K	$353K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0751%	1h	95.018	−0.061%	$26.8M	$7.4M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0922%	8h	95.189	+0.119%	$53K	$52K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1036%	4h	95.050	−0.027%	$38K	$115K	20x	as long as short
Binance ZHIPUUSDT	+0.1092%	4h	95.020	−0.059%	$22.3M	$63.3M	25x	as long as short
Bybit ZHIPUUSDTshort	+0.1414%	8h	95.150	+0.078%	$354K	$1.4M	25x
Bitget ZHIPUUSDT	+0.1592%	8h	95.130	+0.057%	$1.7M	$4.1M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1955%	8h	95.320	+0.257%	$5.3M	$17.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.2093%	4h	95.220	+0.152%	$20K	$154K	10x	as long as short