Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2020%/8h= −221.2% APRpaid last 24h −0.146%

Price spread now: SoDEX against Binance−0.066%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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 −$61 a day on $10k at the current rate, and SoDEX is 0.066% cheaper against Binance than usual: you would sell low and buy high (−$7 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	96.474	0.2070	pay 0.1035% / 4h	33m 43s	$22.5M	$60.5M	25x
Short	SoDEX ZHIPU-USD	96.410	0.0050	get 0.0006% / 1h	33m 43s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$424.27
Price spread: −0.066% → 0.000%: −$6.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$448.87
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; SoDEX: 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, 9 min ago	3.09 bp	9.0 bp −$9	25.3 bp −$253	128.1 bp −$12.8K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	96.450	−0.025%	$2K	$843K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.410	−0.066%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.241	−0.242%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.350	−0.128%	$568	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.418	−0.058%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.680	+0.214%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0410%	1h	95.990	−0.501%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0624%	1h	96.590	+0.121%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.472	−0.001%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	96.390	−0.087%	$18K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1040%	1h	96.500	+0.027%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1470%	4h	96.470	−0.004%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1501%	8h	96.680	+0.214%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1832%	8h	96.730	+0.266%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDTlong	+0.2070%	4h	96.474	long leg	$22.5M	$60.5M	25x
Bybit ZHIPUUSDT	+0.2345%	8h	96.530	+0.058%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.189%	$19K	$150K	10x	as long as short