Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0809%/8h= +88.6% APRpaid last 24h +0.154%

Price spread now: tradeXYZ against Bitget+0.010%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.475%+$48 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.010%, 7d avg +0.039%

Together, before fees+0.434%+ Points / potential airdroptradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.029% cheaper against Bitget than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.039%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.475% in total) that is about 10 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.475% in total (about 24.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	100.39	0.1245	pay 0.1245% / 8h	5h 21m	$2.0M	$3.7M	20x
Short	tradeXYZ xyz:ZHIPU	100.40	0.2054	get 0.0257% / 1h	21m 30s	$28.4M	$6.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.010%Rate

Funding earned: $169.97
Price spread: +0.010% → +0.039%: −$2.86
Slippage, 4 orders: −$45.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $91.55
Costs to cover: 0.756%
Break-even: 3.2 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 7 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, 1 min ago	4.97 bp	19.1 bp −$19	49.2 bp −$492	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	6.49 bp	15.5 bp −$15	15.5 bp −$155	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
SunX ZHIPU-USDT	0.0000%	4h	100.70	+0.309%	$2K	$919K	10x	as long as short
SoDEX ZHIPU-USD	+0.0091%	1h	100.38	−0.010%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.925	−0.463%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.40	+0.010%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.47	+0.079%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0460%	8h	100.02	−0.372%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0484%	8h	100.54	+0.149%	$3.2M	$10.8M	50x	as long as short
HTX ZHIPU-USDT	+0.1241%	4h	100.32	−0.070%	$18K	$321K	20x	as long as short
Bitget ZHIPUUSDTlong	+0.1245%	8h	100.39	long leg	$2.0M	$3.7M	20x
Ondo Perps ZHIPU-USD.P	+0.1291%	1h	100.39	0.000%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1415%	8h	100.41	+0.020%	$5.5M	$15.7M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1452%	4h	100.42	+0.030%	$40K	$121K	20x	as long as short
Lighter ZHIPU	+0.1504%	1h	100.44	+0.050%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.2054%	1h	100.40	+0.010%	$28.4M	$6.7M	10x
Binance ZHIPUUSDT	+0.2272%	4h	100.26	−0.129%	$23.4M	$57.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.2499%	4h	100.22	−0.171%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2997%	8h	100.34	−0.050%	$373K	$1.3M	25x	as long as short