Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0384%/8h= −42.1% APRpaid last 24h −0.002%

Price spread now: Orderly against HTX−0.021%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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 −$12 a day on $10k at the current rate, and Orderly is 0.021% cheaper against HTX than usual: you would sell low and buy high (−$2 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	HTX ZHIPU-USDT	94.780	0.0484	pay 0.0242% / 4h	6m 55s	$20K	$349K	20x
Short	Orderly PERP_ZHIPU_USDC_mythos	94.760	0.0100	get 0.0100% / 8h	6m 55s	$823	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.021%Rate

Funding earned: −$80.7
Price spread: −0.021% → 0.000%: −$2.11
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$100.81
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 31 min ago; Orderly: 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 HTX live order book, 31 min ago	44.67 bp	300.0 bp −$300	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	94.940	+0.169%	$2K	$445K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.720	−0.063%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.593	−0.197%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	94.760	−0.021%	$823	$798	10x
Lighter ZHIPU	+0.0104%	1h	94.770	−0.011%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.752	−0.030%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0194%	8h	94.820	+0.042%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0269%	1h	95.310	+0.559%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDTlong	+0.0484%	4h	94.780	long leg	$20K	$349K	20x
tradeXYZ xyz:ZHIPU	+0.0541%	1h	94.679	−0.107%	$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	94.694	−0.091%	$53K	$40K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0970%	4h	94.690	−0.095%	$38K	$133K	20x	as long as short
Binance ZHIPUUSDT	+0.0970%	4h	94.730	−0.053%	$22.2M	$55.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	+0.343%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1272%	8h	94.800	+0.021%	$354K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1457%	8h	94.770	−0.011%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1821%	8h	94.850	+0.074%	$5.2M	$15.5M	25x	as long as short