Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0493%/8h= +54.0% APRpaid last 24h −0.014%

Price spread now: HTX against Orderly−0.058%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on HTX

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—needs both histories

Funding pays, the price is against you. HTX is 0.058% cheaper against Orderly than usual: you would sell low and buy high (spread −0.058% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 9 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	103.01	0.0115	pay 0.0115% / 8h	6h 14m	$53	$266	10x
Short	HTX ZHIPU-USDT	102.95	0.0608	get 0.0304% / 4h	2h 14m	$18K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.058%Rate

Funding earned: $103.62
Price spread: −0.058% → 0.000%: −$5.82
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: $79.8
Costs to cover: 0.180%
Break-even: 1.6 days

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 53 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 HTX live order book, 53 min ago	3.76 bp	13.9 bp −$14	38.2 bp −$382	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
Aster ZHIPUUSDT	0.0000%	8h	101.99	−0.990%	$52K	$52K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	103.05	+0.039%	$2K	$1.0M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	103.01	0.000%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	101.67	−1.297%	$26K	$2K	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	103.03	+0.020%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0115%	8h	103.01	long leg	$53	$266	10x
Gate ZHIPU_USDT	+0.0228%	8h	102.33	−0.660%	$3.0M	$11.7M	50x	as long as short
Lighter ZHIPU	+0.0528%	1h	102.08	−0.903%	$108K	$20K	10x	as long as short
Bitget ZHIPUUSDT	+0.0531%	8h	102.31	−0.680%	$1.9M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0570%	8h	102.42	−0.573%	$5.2M	$16.3M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0574%	4h	102.13	−0.854%	$41K	$124K	20x	as long as short
HTX ZHIPU-USDTshort	+0.0608%	4h	102.95	−0.058%	$18K	$307K	20x
Binance ZHIPUUSDT	+0.1407%	4h	102.11	−0.869%	$21.6M	$54.8M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1545%	1h	102.42	−0.573%	$37K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.1587%	1h	102.12	−0.864%	$28.1M	$6.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.2099%	8h	102.21	−0.777%	$385K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2237%	4h	101.78	−1.193%	$20K	$154K	10x	as long as short