Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1271%/8h= +139.2% APRpaid last 24h +0.013%

Price spread now: Bitget against HTX+0.073%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.073%, 7d avg +0.057%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.057%, so right now this pair is about funding alone: +$38 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	96.130	0	get 0.0000% / 4h	3h 06m	$20K	$341K	20x
Short	Bitget ZHIPUUSDT	96.200	0.1271	get 0.1271% / 8h	3h 06m	$1.8M	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now +0.073%Rate

Funding earned: $266.91
Price spread: +0.073% → +0.057%: $1.62
Slippage, 4 orders: −$32.57
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: $211.96
Costs to cover: 0.566%
Break-even: 1.4 days

Slippage from HTX: live order book, 46 min ago; Bitget: 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 HTX live order book, 46 min ago	5.74 bp	12.4 bp −$12	29.5 bp −$295	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.04 bp	15.9 bp −$16	41.7 bp −$417	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	96.030	−0.104%	$2K	$847K	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	96.130	long leg	$20K	$341K	20x
Lighter ZHIPU	+0.0032%	1h	96.140	+0.010%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0041%	8h	96.180	+0.052%	$2.9M	$11.9M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	−0.094%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.060	−0.073%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.060	−0.073%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	96.044	−0.089%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0460%	8h	96.174	+0.046%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0596%	4h	96.090	−0.042%	$39K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0741%	1h	95.950	−0.187%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0756%	1h	96.073	−0.059%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.0847%	4h	96.105	−0.026%	$22.5M	$63.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.108%	$19K	$150K	10x	as long as short
Bitget ZHIPUUSDTshort	+0.1271%	8h	96.200	+0.073%	$1.8M	$4.1M	20x
Bybit ZHIPUUSDT	+0.1285%	8h	96.140	+0.010%	$266K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1672%	8h	96.220	+0.094%	$5.7M	$17.1M	25x	as long as short