Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.246%

Price spread now: Bybit against edgeX+0.022%101s7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as 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−$1141.143% of the position

Long on edgeX Short on Bybit

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)+0.054%+$5 · spread now +0.022%, 7d avg −0.037%

Together, before fees−0.439%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.059% dearer against edgeX than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.037%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 101 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	edgeX ZHIPUUSDC	95.129	0.1667	pay 0.0833% / 4h	33m 48s	$20K	$154K	10x
Short	Bybit ZHIPUUSDT	95.150	0.1373	get 0.1373% / 8h	33m 48s	$354K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee edgeXbpFee BybitbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$61.78
Price spread: +0.022% → −0.037%: $5.89
Slippage, 4 orders: −$94.31
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$170.2
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Bybit: live order book, 2 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 edgeX live order book, 3 min ago	5.26 bp	23.1 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.79 bp	45.6 bp −$46	175.3 bp −$1,753	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	95.220	+0.096%	$2K	$538K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.110	−0.020%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	95.120	−0.010%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.236	+0.112%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.210	+0.085%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0208%	8h	95.120	−0.010%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.150	+0.022%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0291%	1h	95.220	+0.096%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0610%	1h	95.060	−0.073%	$26.8M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0634%	4h	95.220	+0.096%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0901%	8h	95.156	+0.028%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1018%	4h	95.150	+0.022%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1072%	4h	95.044	−0.089%	$22.3M	$58.4M	25x	as long as short
Bybit ZHIPUUSDTshort	+0.1373%	8h	95.150	+0.022%	$354K	$1.3M	25x
Bitget ZHIPUUSDT	+0.1553%	8h	95.030	−0.104%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDClong	+0.1667%	4h	95.129	long leg	$20K	$154K	10x
OKX ZHIPU-USDT-SWAP	+0.1914%	8h	95.010	−0.125%	$5.3M	$16.1M	25x	as long as short