Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1476%/8h= −161.6% APRpaid last 24h −0.057%

Price spread now: SoDEX against KuCoin−0.071%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and SoDEX is 0.071% cheaper against KuCoin than usual: you would sell low and buy high (−$7 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	KuCoin ZHIPUUSDTM	98.120	0.1526	pay 0.0763% / 4h	1h 01m	$40K	$123K	20x
Short	SoDEX ZHIPU-USD	98.050	0.0050	get 0.0006% / 1h	1m 00s	$35K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$309.96
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$337.09
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 13 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 KuCoin live order book, 13 min ago	18.50 bp	54.6 bp −$55	doesn't fit	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	98.520	+0.408%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	98.050	−0.071%	$35K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	98.017	−0.105%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.130	+0.010%	$578	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	98.148	+0.029%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0425%	8h	98.330	+0.214%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0586%	8h	98.180	+0.061%	$50K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1094%	1h	98.230	+0.112%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1100%	4h	98.220	+0.102%	$18K	$324K	20x	as long as short
Lighter ZHIPU	+0.1344%	1h	98.120	0.000%	$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	98.350	+0.234%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTMlong	+0.1526%	4h	98.120	long leg	$40K	$123K	20x
OKX ZHIPU-USDT-SWAP	+0.1602%	8h	98.510	+0.397%	$5.5M	$15.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1740%	1h	98.093	−0.028%	$27.4M	$6.8M	10x	as long as short
Binance ZHIPUUSDT	+0.2226%	4h	98.259	+0.141%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2765%	8h	98.330	+0.214%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.849%	$19K	$150K	10x	as long as short