Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0744%/8h= +81.5% APRnext payment +$0.93 per $10,000 · paid last 24h —

Price spread now: Lighter against Aevo+0.047%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 Lighter

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—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.047% dearer against Aevo than usual: you sell high and buy low: +$5 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	106.22	0.0104	pay 0.0013% / 1h	37m 08s	—	—	10x
Short	Lighter ZHIPU	106.27	0.0848	get 0.0106% / 1h	37m 08s	$112K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $156.24
Price spread: +0.047% → 0.000%: $4.65
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Lighter: 0 bp × 2 orders: $0
Net: $144.89
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 12 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 Lighter live order book, 12 min ago	46.37 bp	50.5 bp −$51	113.7 bp −$1,137	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
Aster ZHIPUUSDT	0.0000%	8h	106.35	+0.123%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.16	−0.057%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.13	−0.085%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.27	+0.043%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	106.22	long leg	—	—	10x
Gate ZHIPU_USDT	+0.0168%	8h	106.23	+0.009%	$2.9M	$10.6M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0204%	8h	106.25	+0.028%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0406%	8h	106.30	+0.075%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.0446%	8h	106.20	−0.019%	$2.0M	$4.4M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0470%	4h	106.21	−0.010%	$43K	$128K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPUshort	+0.0848%	1h	106.27	+0.047%	$112K	$20K	10x
HTX ZHIPU-USDT	+0.1088%	4h	106.10	−0.113%	$19K	$308K	20x	as long as short
Binance ZHIPUUSDT	+0.1357%	4h	106.11	−0.104%	$21.8M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1555%	4h	106.20	−0.022%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1923%	1h	106.25	+0.028%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2443%	8h	106.11	−0.104%	$403K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2853%	1h	105.81	−0.387%	$37K	$24K	5x	as long as short