Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0289%/8h= −31.7% APRpaid last 24h −0.031%

Price spread now: Gate against HTX−0.074%7-day average +0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs−$651as in the Funding arb table

Net, price: spread back to 7d avg − costs−$691as in the Price arb table

costs, in and out, $10k−$6736.730% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$22 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.074%, 7d avg +0.102%

Together, before fees+0.249%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Gate is 0.176% cheaper against HTX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.102%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.225%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	95.090	0.0483	pay 0.0242% / 4h	9m 06s	$20K	$349K	20x
Short	Gate ZHIPU_USDT	95.020	0.0194	get 0.0194% / 8h	9m 06s	$3.2M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.074%Rate

Funding earned: −$60.78
Price spread: −0.074% → +0.102%: −$17.57
Slippage, 4 orders: −$646.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$751.39
Costs to cover: 6.730%
Break-even: never at this rate

Slippage from HTX: live order book, 29 min ago; Gate: live order book, 4 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, 29 min ago	44.67 bp	300.0 bp −$300	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.25 bp	17.4 bp −$17	48.2 bp −$482	85.5 bp −$8,551	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	95.240	+0.158%	$2K	$449K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.930	−0.168%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0080%	1h	94.950	−0.147%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.800	−0.304%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.970	−0.126%	$825	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.991	−0.104%	—	—	10x	as long as short
Gate ZHIPU_USDTshort	+0.0194%	8h	95.020	−0.074%	$3.2M	$10.3M	50x
Ondo Perps ZHIPU-USD.P	+0.0255%	1h	95.310	+0.231%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDTlong	+0.0483%	4h	95.090	long leg	$20K	$349K	20x
tradeXYZ xyz:ZHIPU	+0.0533%	1h	94.874	−0.227%	$26.8M	$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	+0.0835%	8h	94.926	−0.172%	$53K	$40K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0968%	4h	94.950	−0.147%	$39K	$131K	20x	as long as short
Binance ZHIPUUSDT	+0.0970%	4h	94.885	−0.216%	$22.3M	$56.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	+0.016%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1277%	8h	94.960	−0.137%	$354K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1459%	8h	94.910	−0.189%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1824%	8h	95.010	−0.084%	$5.2M	$15.5M	25x	as long as short