Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0149%/8h= −16.3% APRpaid last 24h +0.008%

Price spread now: SoDEX against Gate−0.106%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SoDEX is 0.106% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZHIPU_USDT	94.630	0.0199	pay 0.0199% / 8h	3m 18s	$3.2M	$10.4M	50x
Short	SoDEX ZHIPU-USD	94.530	0.0050	get 0.0006% / 1h	3m 18s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.106%Rate

Funding earned: −$31.29
Price spread: −0.106% → 0.000%: −$10.57
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$64.86
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 5 min ago	5.27 bp	14.8 bp −$15	41.3 bp −$413	85.8 bp −$8,575	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	94.740	+0.116%	$2K	$443K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	94.530	−0.106%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	94.403	−0.240%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.520	−0.116%	$821	$798	10x	as long as short
Lighter ZHIPU	+0.0152%	1h	94.620	−0.011%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.538	−0.097%	—	—	10x	as long as short
Gate ZHIPU_USDTlong	+0.0199%	8h	94.630	long leg	$3.2M	$10.4M	50x
Ondo Perps ZHIPU-USD.P	+0.0284%	1h	94.620	−0.011%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.0476%	4h	94.570	−0.063%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0553%	1h	94.523	−0.113%	$26.7M	$7.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0834%	8h	94.580	−0.053%	$53K	$34K	20x	as long as short
Binance ZHIPUUSDT	+0.0973%	4h	94.480	−0.159%	$22.2M	$55.9M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0978%	4h	94.530	−0.106%	$38K	$136K	20x	as long as short
edgeX ZHIPUUSDC	+0.1116%	4h	94.762	+0.139%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1265%	8h	94.540	−0.095%	$355K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1453%	8h	94.500	−0.137%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1814%	8h	94.550	−0.085%	$5.2M	$15.3M	25x	as long as short