Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.066%

Price spread now: KuCoin against Gate−0.085%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1221.225% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.085%, 7d avg −0.043%

Together, before fees+0.083%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.042% cheaper against Gate than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.043%). If the spread goes back, that is −$4 on $10k: about 16 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZHIPU_USDT	106.33	0.0030	pay 0.0030% / 8h	7h 00m	$2.9M	$13.3M	50x
Short	KuCoin ZHIPUUSDTM	106.24	0.0242	get 0.0121% / 4h	3h 00m	$42K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $44.52
Price spread: −0.085% → −0.043%: −$4.17
Slippage, 4 orders: −$95.45
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.1
Costs to cover: 1.225%
Break-even: 19.9 days

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 43 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 Gate live order book, 4 min ago	4.24 bp	15.4 bp −$15	53.6 bp −$536	86.7 bp −$8,667	doesn't fit
Sell KuCoin live order book, 43 min ago	8.52 bp	39.0 bp −$39	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
Aster ZHIPUUSDT	0.0000%	8h	105.91	−0.394%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.28	−0.047%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDTlong	+0.0030%	8h	106.33	long leg	$2.9M	$13.3M	50x
SoDEX ZHIPU-USD	+0.0050%	1h	106.23	−0.094%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.24	−0.087%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.21	−0.113%	—	—	10x	as long as short
Lighter ZHIPU	+0.0112%	1h	106.31	−0.019%	$112K	$21K	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.17	−0.150%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTMshort	+0.0242%	4h	106.24	−0.085%	$42K	$128K	20x
OKX ZHIPU-USDT-SWAP	+0.0292%	8h	106.38	+0.047%	$5.1M	$18.8M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0317%	8h	106.26	−0.066%	$1.8M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0789%	4h	106.15	−0.169%	$19K	$315K	20x	as long as short
Binance ZHIPUUSDT	+0.0947%	4h	106.18	−0.140%	$21.3M	$57.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0968%	1h	106.28	−0.047%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1601%	1h	106.34	+0.009%	$37K	$22K	5x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.107%	$21K	$151K	10x	as long as short
Bybit ZHIPUUSDT	+0.2133%	8h	106.23	−0.094%	$405K	$1.4M	25x	as long as short