Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h +0.246%

Price spread now: edgeX against Bybit+0.402%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1191.186% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 4 days (all we have)−0.378%−$38 · spread now +0.402%, 7d avg +0.039%

Together, before fees+0.115%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.363% dearer against Bybit than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	96.420	0.1424	pay 0.1424% / 8h	2h 09m	$359K	$1.5M	25x
Short	edgeX ZHIPUUSDC	96.808	0.1877	get 0.0938% / 4h	2h 09m	$21K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.402%Rate

Funding earned: $95.2
Price spread: +0.402% → +0.039%: $36.29
Slippage, 4 orders: −$98.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $12.89
Costs to cover: 1.186%
Break-even: 6.1 days

Slippage from Bybit: live order book, 2 min ago; edgeX: live order book, 37 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 Bybit live order book, 2 min ago	4.64 bp	43.5 bp −$43	148.7 bp −$1,487	doesn't fit	doesn't fit
Sell edgeX live order book, 37 min ago	6.35 bp	13.3 bp −$13	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
SunX ZHIPU-USDT	0.0000%	4h	96.610	+0.197%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.720	+0.311%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.082	−0.351%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.410	−0.010%	$838	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0103%	8h	96.460	+0.041%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.432	+0.012%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.410	−0.010%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0718%	4h	96.400	−0.021%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0761%	8h	96.510	+0.093%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0845%	1h	96.790	+0.384%	$33K	$25K	5x	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	+0.0900%	4h	96.710	+0.301%	$21K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.0988%	4h	96.300	−0.124%	$22.8M	$68.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1258%	1h	96.306	−0.118%	$27.2M	$8.0M	10x	as long as short
Bybit ZHIPUUSDTlong	+0.1424%	8h	96.420	long leg	$359K	$1.5M	25x
Bitget ZHIPUUSDT	+0.1473%	8h	96.380	−0.041%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDCshort	+0.1877%	4h	96.808	+0.402%	$21K	$153K	10x
OKX ZHIPU-USDT-SWAP	+0.1883%	8h	96.480	+0.062%	$5.6M	$18.6M	25x	as long as short