Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0804%/8h= −88.0% APRpaid last 24h −0.037%

Price spread now: SoDEX against Bitget−0.121%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 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 −$24 a day on $10k at the current rate, and SoDEX is 0.121% cheaper against Bitget than usual: you would sell low and buy high (−$12 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	99.550	0.0854	pay 0.0854% / 8h	5h 49m	$2.0M	$3.7M	20x
Short	SoDEX ZHIPU-USD	99.430	0.0050	get 0.0006% / 1h	49m 16s	$35K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.121%Rate

Funding earned: −$168.84
Price spread: −0.121% → 0.000%: −$12.05
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$200.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.96 bp	23.3 bp −$23	41.0 bp −$410	doesn't fit	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	99.780	+0.231%	$1K	$978K	10x	as long as short
Aster ZHIPUUSDT	+0.0041%	8h	99.540	−0.010%	$51K	$51K	20x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	99.430	−0.121%	$35K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	99.254	−0.298%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.440	−0.110%	$51	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	99.543	−0.007%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0265%	8h	99.560	+0.010%	$3.0M	$10.3M	50x	as long as short
HTX ZHIPU-USDT	+0.0842%	4h	99.430	−0.121%	$18K	$308K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0847%	1h	100.72	+1.175%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDTlong	+0.0854%	8h	99.550	long leg	$2.0M	$3.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0932%	4h	99.470	−0.080%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0949%	8h	99.580	+0.030%	$5.3M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1192%	1h	99.430	−0.121%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1760%	1h	99.439	−0.112%	$27.5M	$6.4M	10x	as long as short
Binance ZHIPUUSDT	+0.1770%	4h	99.399	−0.152%	$22.0M	$56.6M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+1.078%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2550%	8h	99.540	−0.010%	$374K	$1.3M	25x	as long as short