Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.080%

Price spread now: Bybit against HTX+0.152%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$970.967% of the position

Long on HTX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.152%, 7d avg +0.099%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.053% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	105.51	0	get 0.0000% / 4h	3h 47m	$19K	$314K	20x
Short	Bybit ZHIPUUSDT	105.67	0	get 0.0000% / 8h	7h 47m	$299K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.099%: $5.28
Slippage, 4 orders: −$73.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.42
Costs to cover: 0.967%
Break-even: never at this rate

Slippage from HTX: live order book, 25 min ago; Bybit: live order book, 3 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, 25 min ago	3.31 bp	14.1 bp −$14	23.2 bp −$232	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.31 bp	34.1 bp −$34	646.3 bp −$6,463	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	105.43	−0.074%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDTshort	0.0000%	8h	105.67	+0.152%	$299K	$1.3M	25x
Gate ZHIPU_USDT	0.0000%	8h	105.66	+0.142%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.67	+0.152%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	105.51	long leg	$19K	$314K	20x
Lighter ZHIPU	+0.0032%	1h	105.60	+0.085%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.55	+0.038%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.64	+0.120%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.59	+0.076%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.57	+0.057%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0149%	8h	105.54	+0.028%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0162%	8h	105.70	+0.180%	$5.0M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0236%	8h	105.64	+0.123%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0351%	1h	105.63	+0.114%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0565%	4h	105.55	+0.042%	$21.1M	$57.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.62	+0.104%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0997%	1h	105.65	+0.133%	$37K	$22K	5x	as long as short