Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0761%/8h= −83.3% APRpaid last 24h −0.072%

Price spread now: Aster against KuCoin+0.052%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.052% dearer against KuCoin than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.169%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% 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	KuCoin ZHIPUUSDTM	96.380	0.1470	pay 0.0735% / 4h	34m 28s	$39K	$124K	20x
Short	Aster ZHIPUUSDT	96.430	0.0709	get 0.0709% / 8h	4h 34m	$50K	$51K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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 KuCoinbpFee AsterbpOrdersPrice spread, now +0.052%Rate

Funding earned: −$159.84
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$174.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 39 min ago; Aster: 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 KuCoin live order book, 39 min ago	18.50 bp	54.6 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	96.220	−0.166%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.130	−0.259%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.241	−0.145%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.150	−0.239%	$567	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	96.206	−0.180%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.440	+0.062%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0410%	1h	95.990	−0.405%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0656%	1h	96.350	−0.031%	$101K	$20K	10x	as long as short
Aster ZHIPUUSDTshort	+0.0709%	8h	96.430	+0.052%	$50K	$51K	20x
HTX ZHIPU-USDT	+0.0881%	4h	96.110	−0.280%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1059%	1h	96.377	−0.003%	$27.1M	$7.1M	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.1470%	4h	96.380	long leg	$39K	$124K	20x
Bitget ZHIPUUSDT	+0.1501%	8h	96.350	−0.031%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1828%	8h	96.500	+0.125%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2087%	4h	96.350	−0.031%	$22.5M	$60.5M	25x	as long as short
Bybit ZHIPUUSDT	+0.2371%	8h	96.350	−0.031%	$291K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.287%	$19K	$150K	10x	as long as short