Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0819%/8h= +89.7% APRpaid last 24h +0.022%

Price spread now: HTX against Aster+0.370%7-day average — · you sell dearer than you buy

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

Long on Aster Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and HTX is 0.370% dearer against Aster than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZHIPUUSDT	99.781	0.0401	pay 0.0401% / 8h	5h 25m	$51K	$53K	20x
Short	HTX ZHIPU-USDT	100.15	0.1220	get 0.0610% / 4h	1h 25m	$18K	$321K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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 AsterbpFee HTXbpOrdersPrice spread, now +0.370%Rate

Funding earned: $171.97
Price spread: +0.370% → 0.000%: $36.96
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: $188.94
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; HTX: live order book, 37 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 Aster no order-book sample	—	—	—	—	—
Sell HTX live order book, 37 min ago	6.43 bp	17.5 bp −$18	44.0 bp −$440	doesn't fit	doesn't fit

Aster: 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	100.46	+0.680%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.766	−0.015%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.19	+0.410%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.33	+0.554%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0104%	1h	100.19	+0.410%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDTlong	+0.0401%	8h	99.781	long leg	$51K	$53K	20x
Gate ZHIPU_USDT	+0.0436%	8h	100.36	+0.580%	$3.2M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1195%	8h	100.29	+0.510%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDTshort	+0.1220%	4h	100.15	+0.370%	$18K	$321K	20x
Ondo Perps ZHIPU-USD.P	+0.1289%	1h	100.14	+0.360%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1377%	8h	100.35	+0.570%	$5.4M	$15.6M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1382%	4h	100.09	+0.310%	$40K	$121K	20x	as long as short
Lighter ZHIPU	+0.1528%	1h	100.16	+0.380%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2085%	1h	100.19	+0.410%	$28.2M	$6.9M	10x	as long as short
Binance ZHIPUUSDT	+0.2211%	4h	100.16	+0.380%	$23.4M	$56.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.2655%	4h	100.16	+0.381%	$20K	$149K	10x	as long as short
Bybit ZHIPUUSDT	+0.2959%	8h	100.29	+0.510%	$372K	$1.3M	25x	as long as short