Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0675%/8h= +73.9% APRpaid last 24h +0.240%

Price spread now: edgeX against Bitget+0.147%114s7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2192.188% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.488%+$49 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.147%, 7d avg +0.066%

Together, before fees+0.448%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.081% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.066%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	105.70	0.0200	pay 0.0200% / 8h	13m 43s	$1.7M	$4.4M	20x
Short	edgeX ZHIPUUSDC	105.86	0.0875	get 0.0437% / 4h	13m 43s	$21K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $141.67
Price spread: +0.147% → +0.066%: $8.1
Slippage, 4 orders: −$197.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$69.03
Costs to cover: 2.188%
Break-even: 10.4 days

Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 63 min ago.

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, 4 min ago	2.36 bp	16.4 bp −$16	31.1 bp −$311	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	11.93 bp	90.3 bp −$90	doesn't fit	doesn't fit	doesn't fit

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	105.30	−0.377%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.74	+0.038%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.58	−0.114%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0008%	8h	105.77	+0.066%	$2.9M	$13.5M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.68	−0.019%	$38K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0100%	8h	105.80	+0.095%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.81	+0.109%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.71	+0.009%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.65	−0.052%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0183%	8h	105.63	−0.066%	$77	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDTlong	+0.0200%	8h	105.70	long leg	$1.7M	$4.4M	20x
Binance ZHIPUUSDT	+0.0293%	4h	105.63	−0.067%	$21.1M	$57.6M	25x	as long as short
Lighter ZHIPU	+0.0360%	1h	105.74	+0.038%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0493%	8h	105.82	+0.114%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDCshort	+0.0875%	4h	105.86	+0.147%	$21K	$151K	10x
tradeXYZ xyz:ZHIPU	+0.1020%	1h	105.67	−0.028%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1405%	1h	105.72	+0.019%	$37K	$22K	5x	as long as short