Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h −0.240%
Price spread now: Bitget against edgeX+0.052%94s7-day average −0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$270as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2222.217% of the position
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)−0.159%−$16 · spread now +0.052%, 7d avg −0.066%
Together, before fees−0.647%+ Points / potential airdropedgeX: Active · farm board−$65 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.118% dearer against edgeX than usual: you sell high and buy low (spread +0.052% now, against its 7-day average of −0.066%): +$12 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.6 days. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZHIPUUSDC105.230.0275pay 0.0137% / 4h35m 56s$21K$150K10x
ShortBitget ZHIPUUSDT105.280.0121get 0.0121% / 8h35m 56s$1.7M$4.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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

Funding earned
−$32.31
Price spread: +0.052% → −0.066%
$11.82
Slippage, 4 orders
−$200.66
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$242.15
Costs to cover
2.217%
Break-even
never at this rate
Slippage from edgeX: live order book, 40 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 40 min ago11.93 bp95.2 bp −$95doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.95 bp15.0 bp −$1550.4 bp −$504doesn't fitdoesn't fit

ZHIPU on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZHIPUUSDT0.0000%8h105.06−0.156%$54K$51K20xas long as short
Binance ZHIPUUSDT0.0000%4h105.22−0.006%$20.9M$57.3M25xas long as short
Gate ZHIPU_USDT0.0000%8h105.34+0.109%$2.9M$13.3M50xas long as short
SunX ZHIPU-USDT0.0000%4h105.31+0.081%$1K$1.2M10xas long as short
HTX ZHIPU-USDT0.0000%4h105.21−0.014%$19K$316K20xas long as short
OKX ZHIPU-USDT-SWAP+0.0035%8h105.39+0.157%$5.0M$18.6M25xas long as short
SoDEX ZHIPU-USD+0.0050%1h105.20−0.024%$37K$3K10xas long as short
Nado ZHIPU-PERP+0.0100%1h105.27+0.045%$23K$203xas long as short
KuCoin ZHIPUUSDTM+0.0100%4h105.17−0.052%$41K$130K20xas long as short
Aevo ZHIPU-PERP+0.0104%1h105.20−0.026%10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZHIPUUSDTshort+0.0121%8h105.28+0.052%$1.7M$4.4M20x
Lighter ZHIPU+0.0192%1h105.32+0.090%$120K$9K10xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0204%8h105.18−0.043%$76$26610xas long as short
edgeX ZHIPUUSDClong+0.0275%4h105.23long leg$21K$150K10x
Bybit ZHIPUUSDT+0.0351%8h105.29+0.062%$304K$1.3M25xas long as short
tradeXYZ xyz:ZHIPU+0.0762%1h105.26+0.033%$29.0M$7.9M10xas long as short
Ondo Perps ZHIPU-USD.P+0.1078%1h105.29+0.062%$37K$22K5xas long as short