Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.022%

Price spread now: OKX against KuCoin+0.418%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1271.268% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.449%−$45 · spread now +0.418%, 7d avg +0.040%

Together, before fees−0.283%−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.378% dearer against KuCoin than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	98.090	0.1526	pay 0.0763% / 4h	1h 01m	$40K	$123K	20x
Short	OKX ZHIPU-USDT-SWAP	98.500	0.1602	get 0.1602% / 8h	5h 01m	$5.5M	$15.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.418%Rate

Funding earned: $15.98
Price spread: +0.418% → +0.040%: $37.83
Slippage, 4 orders: −$104.8
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.99
Costs to cover: 1.268%
Break-even: 39.0 days

Slippage from KuCoin: live order book, 13 min ago; OKX: live order book, 2 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 KuCoin live order book, 13 min ago	18.50 bp	54.6 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.02 bp	13.7 bp −$14	43.1 bp −$431	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
SunX ZHIPU-USDT	0.0000%	4h	98.520	+0.438%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.050	−0.041%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.017	−0.075%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.130	+0.041%	$578	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	98.148	+0.060%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0425%	8h	98.330	+0.245%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0586%	8h	98.174	+0.085%	$50K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1094%	1h	98.230	+0.143%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1100%	4h	98.220	+0.133%	$18K	$324K	20x	as long as short
Lighter ZHIPU	+0.1344%	1h	98.120	+0.031%	$103K	$20K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1372%	8h	98.320	+0.234%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTMlong	+0.1526%	4h	98.090	long leg	$40K	$123K	20x
OKX ZHIPU-USDT-SWAPshort	+0.1602%	8h	98.500	+0.418%	$5.5M	$15.8M	25x
tradeXYZ xyz:ZHIPU	+0.1740%	1h	98.093	+0.003%	$27.4M	$6.8M	10x	as long as short
Binance ZHIPUUSDT	+0.2226%	4h	98.227	+0.140%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2765%	8h	98.270	+0.184%	$366K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.880%	$19K	$150K	10x	as long as short