Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.023%

Price spread now: SoDEX against HTX−0.135%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 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

Funding pays, the price is against you. SoDEX is 0.135% cheaper against HTX than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 9.0 days of funding at the current rate (+$2 a day).

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 38m	$17K	$332K	20x
Short	SoDEX ZHIPU-USD	96.000	0.0050	get 0.0006% / 1h	38m 28s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.135%Rate

Funding earned: $10.5
Price spread: −0.135% → 0.000%: −$13.52
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$23.02
Costs to cover: 0.200%
Break-even: 22.3 days

Slippage unknown: HTX: live order book, 14 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 HTX live order book, 14 min ago	5.74 bp	12.4 bp −$12	29.5 bp −$295	doesn't fit	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	95.880	−0.260%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	96.130	long leg	$17K	$332K	20x
Lighter ZHIPU	+0.0032%	1h	96.080	−0.052%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.000	−0.135%	$34K	$3K	10x
Gate ZHIPU_USDT	+0.0082%	8h	96.170	+0.042%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.076	−0.057%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.960	−0.177%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.970	−0.166%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0553%	8h	95.908	−0.231%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0769%	1h	95.810	−0.333%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0922%	4h	96.070	−0.062%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1075%	1h	96.068	−0.064%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1181%	4h	96.070	−0.062%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1362%	8h	96.170	+0.042%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1542%	8h	96.110	−0.021%	$271K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1777%	8h	96.190	+0.062%	$5.8M	$17.1M	25x	as long as short
edgeX ZHIPUUSDC	+0.1892%	4h	95.934	−0.204%	$19K	$150K	10x	as long as short