Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1344%/8h= −147.2% APRpaid last 24h —

Price spread now: Aevo against Bitget−0.024%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 −$40 a day on $10k at the current rate, and Aevo is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 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	Bitget ZHIPUUSDT	96.580	0.1624	pay 0.1624% / 8h	1h 51m	$1.7M	$4.4M	20x
Short	Aevo ZHIPU-PERP	96.556	0.0280	get 0.0035% / 1h	51m 59s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.024%Rate

Funding earned: −$282.24
Price spread: −0.024% → 0.000%: −$2.44
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$312.68
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 1 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 Bitget live order book, 1 min ago	3.62 bp	17.0 bp −$17	43.2 bp −$432	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	96.680	+0.104%	$2K	$843K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.500	−0.083%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0080%	1h	96.550	−0.031%	$102K	$17K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.244	−0.348%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.570	−0.010%	$839	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0183%	8h	96.630	+0.052%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERPshort	+0.0280%	1h	96.556	−0.024%	—	—	10x
Aster ZHIPUUSDT	+0.0924%	8h	96.400	−0.186%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1008%	4h	96.610	+0.031%	$39K	$120K	20x	as long as short
Binance ZHIPUUSDT	+0.1222%	4h	96.539	−0.042%	$22.9M	$68.9M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1244%	4h	96.560	−0.021%	$21K	$351K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1553%	1h	96.360	−0.228%	$33K	$25K	5x	as long as short
Bybit ZHIPUUSDT	+0.1611%	8h	96.570	−0.010%	$361K	$1.5M	25x	as long as short
Bitget ZHIPUUSDTlong	+0.1624%	8h	96.580	long leg	$1.7M	$4.4M	20x
edgeX ZHIPUUSDC	+0.1671%	4h	96.423	−0.162%	$21K	$154K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1820%	1h	96.489	−0.094%	$27.2M	$8.0M	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2024%	8h	96.560	−0.021%	$5.5M	$18.8M	25x	as long as short