Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h —

Price spread now: KuCoin against Aevo+0.157%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 KuCoin

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 +$21 a day on $10k at the current rate, and KuCoin is 0.157% dearer against Aevo than usual: you sell high and buy low: +$16 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	95.840	0.0272	pay 0.0034% / 1h	37m 38s	—	—	10x
Short	KuCoin ZHIPUUSDTM	95.990	0.0988	get 0.0494% / 4h	1h 37m	$38K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.157%Rate

Funding earned: $150.36
Price spread: +0.157% → 0.000%: $15.68
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $138.04
Costs to cover: 0.280%
Break-even: 0.6 days

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 72 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 KuCoin live order book, 72 min ago	13.25 bp	53.4 bp −$53	doesn't fit	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	95.940	+0.105%	$1K	$780K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.960	+0.125%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.750	−0.094%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.680	−0.167%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.820	−0.021%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0185%	8h	96.110	+0.282%	$3.2M	$11.8M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0272%	1h	95.840	long leg	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0714%	1h	95.800	−0.041%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDT	+0.0923%	8h	96.072	+0.243%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0988%	4h	95.990	+0.157%	$38K	$119K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1043%	4h	95.860	+0.021%	$21K	$351K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1103%	1h	95.900	+0.063%	$27.0M	$7.8M	10x	as long as short
Binance ZHIPUUSDT	+0.1146%	4h	95.930	+0.094%	$22.6M	$66.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1570%	8h	95.990	+0.157%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1619%	8h	95.980	+0.146%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2009%	8h	96.000	+0.167%	$5.4M	$18.6M	25x	as long as short
edgeX ZHIPUUSDC	+0.2054%	4h	95.820	−0.021%	$20K	$154K	10x	as long as short