Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h —

Price spread now: Gate against Aevo+0.004%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 Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	95.816	0.0272	pay 0.0034% / 1h	38m 46s	—	—	10x
Short	Gate ZHIPU_USDT	95.820	0.0182	get 0.0182% / 8h	1h 38m	$3.2M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.004%Rate

Funding earned: −$18.9
Price spread: +0.004% → 0.000%: $0.42
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$49.48
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	6.26 bp	17.4 bp −$17	56.2 bp −$562	83.5 bp −$8,347	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	95.890	+0.077%	$1K	$788K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.880	+0.067%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.730	−0.090%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.680	−0.142%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.790	−0.027%	$832	$1K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0182%	8h	95.820	+0.004%	$3.2M	$11.8M	50x
Aevo ZHIPU-PERPlong	+0.0272%	1h	95.816	long leg	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0778%	1h	95.800	−0.017%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDT	+0.0926%	8h	95.944	+0.134%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0988%	4h	95.800	−0.017%	$38K	$119K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1060%	4h	95.780	−0.038%	$21K	$351K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1126%	1h	95.800	−0.017%	$27.0M	$7.7M	10x	as long as short
Binance ZHIPUUSDT	+0.1164%	4h	95.773	−0.044%	$22.6M	$66.5M	25x	as long as short
Bybit ZHIPUUSDT	+0.1578%	8h	95.880	+0.067%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1624%	8h	95.810	−0.006%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2010%	8h	95.890	+0.077%	$5.4M	$18.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.2054%	4h	95.820	+0.004%	$20K	$154K	10x	as long as short