Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: SunX against Orderly+0.073%7-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 SunX

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

The price spread pays, funding is against you. SunX is 0.073% dearer against Orderly than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	96.150	0.0100	pay 0.0100% / 8h	4h 34m	$567	$798	10x
Short	SunX ZHIPU-USDT	96.220	0	get 0.0000% / 4h	34m 42s	$2K	$842K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$21
Price spread: +0.073% → 0.000%: $7.28
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	16.46 bp	147.7 bp −$148	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-USDTshort	0.0000%	4h	96.220	+0.073%	$2K	$842K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	96.130	−0.021%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.176	+0.027%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	96.150	long leg	$567	$798	10x
Aevo ZHIPU-PERP	+0.0240%	1h	96.206	+0.059%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.440	+0.302%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0410%	1h	95.990	−0.166%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0656%	1h	96.350	+0.208%	$101K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0709%	8h	96.430	+0.291%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0881%	4h	96.110	−0.042%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1066%	1h	96.378	+0.237%	$27.1M	$7.1M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1480%	4h	96.380	+0.239%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1501%	8h	96.420	+0.281%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1828%	8h	96.560	+0.426%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2087%	4h	96.280	+0.135%	$22.5M	$60.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.2371%	8h	96.360	+0.218%	$291K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.527%	$19K	$150K	10x	as long as short