Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.300%

Price spread now: OKX against edgeX+0.225%111s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as 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−$2082.084% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.504%−$50 on $10k

Price spread, last 4 days (all we have)−0.281%−$28 · spread now +0.225%, 7d avg −0.038%

Together, before fees−0.785%+ Points / potential airdropedgeX: Active · farm board−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.264% dearer against edgeX than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of −0.038%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.5 days. At the pace of the last 7 days (−0.504% in total) that is about 3.7 days. The two prices were read 111 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	95.934	0.1892	pay 0.0946% / 4h	3h 37m	$19K	$150K	10x
Short	OKX ZHIPU-USDT-SWAP	96.150	0.1775	get 0.1775% / 8h	3h 37m	$5.8M	$17.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.225%Rate

Funding earned: −$24.49
Price spread: +0.225% → −0.038%: $26.36
Slippage, 4 orders: −$189.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$206.5
Costs to cover: 2.084%
Break-even: never at this rate

Slippage from edgeX: live order book, 14 min ago; OKX: live order book, 1 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, 14 min ago	13.03 bp	94.0 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.52 bp	13.8 bp −$14	85.5 bp −$855	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	96.050	+0.121%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.090	+0.163%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.110	+0.184%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.030	+0.100%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0082%	8h	96.120	+0.194%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.076	+0.148%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.020	+0.090%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.010	+0.080%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0549%	8h	95.912	−0.022%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0769%	1h	95.810	−0.129%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0922%	4h	96.070	+0.142%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1068%	1h	96.066	+0.138%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1179%	4h	96.040	+0.111%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1362%	8h	96.120	+0.194%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1532%	8h	96.090	+0.163%	$271K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.1775%	8h	96.150	+0.225%	$5.8M	$17.1M	25x
edgeX ZHIPUUSDClong	+0.1892%	4h	95.934	long leg	$19K	$150K	10x