Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0418%/8h= −45.8% APRpaid last 24h +0.300%

Price spread now: edgeX against OKX+0.319%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$610.609% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.504%+$50 on $10k

Price spread, last 4 days (all we have)−0.252%−$25 · spread now +0.319%, 7d avg +0.039%

Together, before fees+0.252%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.280% dearer against OKX than usual: you sell high and buy low (spread +0.319% now, against its 7-day average of +0.039%): +$28 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.504%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	95.840	0.1963	pay 0.1963% / 8h	56m 58s	$5.3M	$18.8M	25x
Short	edgeX ZHIPUUSDC	96.146	0.1545	get 0.0772% / 4h	56m 58s	$20K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.319%Rate

Funding earned: −$87.83
Price spread: +0.319% → +0.039%: $28.03
Slippage, 4 orders: −$41.94
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$120.74
Costs to cover: 0.609%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; edgeX: live order book, 44 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 OKX live order book, 1 min ago	2.08 bp	15.2 bp −$15	66.1 bp −$661	doesn't fit	doesn't fit
Sell edgeX live order book, 44 min ago	5.75 bp	13.1 bp −$13	doesn't fit	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	95.860	+0.021%	$1K	$755K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.710	−0.136%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	95.690	−0.157%	$101K	$16K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0090%	1h	96.250	+0.428%	$33K	$23K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.676	−0.171%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.710	−0.136%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0206%	8h	95.760	−0.083%	$3.2M	$9.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	95.719	−0.126%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0760%	4h	95.810	−0.031%	$20K	$355K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0841%	1h	95.687	−0.160%	$27.0M	$7.8M	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	+0.0924%	8h	95.967	+0.132%	$53K	$52K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1020%	4h	95.740	−0.104%	$38K	$118K	20x	as long as short
Binance ZHIPUUSDT	+0.1098%	4h	95.725	−0.120%	$22.5M	$66.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.1423%	8h	95.820	−0.021%	$358K	$1.5M	25x	as long as short
edgeX ZHIPUUSDCshort	+0.1545%	4h	96.146	+0.319%	$20K	$153K	10x
Bitget ZHIPUUSDT	+0.1604%	8h	95.730	−0.115%	$1.7M	$4.2M	20x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.1963%	8h	95.840	long leg	$5.3M	$18.8M	25x