Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1220%/8h= −133.5% APRpaid last 24h —

Price spread now: Aevo against Binance−0.028%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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 against this trade now: funding costs −$37 a day on $10k at the current rate, and Aevo is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	106.27	0.1324	pay 0.0662% / 4h	2h 34m	$21.9M	$56.4M	25x
Short	Aevo ZHIPU-PERP	106.24	0.0104	get 0.0013% / 1h	34m 43s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.028%Rate

Funding earned: −$256.12
Price spread: −0.028% → 0.000%: −$2.78
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$284.9
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; Aevo: no order-book sample. 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 Binance live order book, 8 min ago	0.47 bp	8.5 bp −$9	10.4 bp −$104	76.9 bp −$7,688	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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	106.24	−0.024%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.16	−0.104%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.28	+0.009%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.40	+0.119%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERPshort	+0.0104%	1h	106.24	−0.028%	—	—	10x
Gate ZHIPU_USDT	+0.0176%	8h	106.45	+0.169%	$2.9M	$10.6M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0201%	8h	106.26	−0.009%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0407%	8h	106.56	+0.273%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.0434%	8h	106.40	+0.122%	$2.0M	$4.4M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0466%	4h	106.34	+0.066%	$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 ZHIPU	+0.0712%	1h	106.38	+0.104%	$113K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.1017%	4h	106.36	+0.085%	$19K	$308K	20x	as long as short
Binance ZHIPUUSDTlong	+0.1324%	4h	106.27	long leg	$21.9M	$56.4M	25x
edgeX ZHIPUUSDC	+0.1555%	4h	106.20	−0.068%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1774%	1h	106.39	+0.113%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2295%	8h	106.47	+0.188%	$400K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2652%	1h	106.62	+0.329%	$37K	$24K	5x	as long as short