Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1016%/8h= +111.3% APRpaid last 24h +0.314%

Price spread now: edgeX against Orderly+0.139%71s7-day average — · you sell dearer than you buy

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and edgeX is 0.139% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	94.630	0.0100	pay 0.0100% / 8h	3m 59s	$822	$798	10x
Short	edgeX ZHIPUUSDC	94.762	0.1116	get 0.0558% / 4h	3m 59s	$20K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Orderly. 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 OrderlybpFee edgeXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $213.41
Price spread: +0.139% → 0.000%: $13.95
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $212.36
Costs to cover: 0.150%
Break-even: 0.0 days

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 32 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell edgeX live order book, 32 min ago	5.26 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

Orderly: 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	94.740	+0.116%	$2K	$444K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.540	−0.095%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.466	−0.173%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	94.630	long leg	$822	$798	10x
Lighter ZHIPU	+0.0152%	1h	94.660	+0.032%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.642	+0.013%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0198%	8h	94.580	−0.053%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0285%	1h	94.620	−0.011%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.0479%	4h	94.540	−0.095%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0552%	1h	94.497	−0.141%	$26.7M	$7.1M	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	+0.0836%	8h	94.600	−0.032%	$53K	$34K	20x	as long as short
Binance ZHIPUUSDT	+0.0976%	4h	94.570	−0.063%	$22.2M	$56.1M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0980%	4h	94.500	−0.137%	$38K	$136K	20x	as long as short
edgeX ZHIPUUSDCshort	+0.1116%	4h	94.762	+0.139%	$20K	$152K	10x
Bybit ZHIPUUSDT	+0.1269%	8h	94.570	−0.063%	$355K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1455%	8h	94.580	−0.053%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1817%	8h	94.600	−0.032%	$5.2M	$15.4M	25x	as long as short