Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1219%/8h= +133.4% APRpaid last 24h +0.089%

Price spread now: Bybit against SoDEX−0.011%56s7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$37 a day on $10k at the current rate. The two prices were read 56 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	SoDEX ZHIPU-USD	94.660	0.0050	pay 0.0006% / 1h	4m 20s	$34K	$3K	10x
Short	Bybit ZHIPUUSDT	94.650	0.1269	get 0.1269% / 8h	4m 20s	$356K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SoDEX. 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 SoDEXbpFee BybitbpOrdersPrice spread, now −0.011%Rate

Funding earned: $255.93
Price spread: −0.011% → 0.000%: −$1.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $235.87
Costs to cover: 0.190%
Break-even: 0.5 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 1 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 SoDEX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	6.86 bp	46.9 bp −$47	170.2 bp −$1,702	doesn't fit	doesn't fit

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	94.880	+0.232%	$2K	$445K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	94.660	long leg	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	94.466	−0.205%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.630	−0.032%	$822	$798	10x	as long as short
Lighter ZHIPU	+0.0144%	1h	94.690	+0.032%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.642	−0.019%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0198%	8h	94.670	+0.011%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0285%	1h	94.620	−0.042%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.0480%	4h	94.700	+0.042%	$20K	$350K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0552%	1h	94.563	−0.102%	$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	94.607	−0.056%	$53K	$40K	20x	as long as short
Binance ZHIPUUSDT	+0.0976%	4h	94.590	−0.074%	$22.2M	$56.0M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0980%	4h	94.610	−0.053%	$39K	$136K	20x	as long as short
edgeX ZHIPUUSDC	+0.1116%	4h	94.762	+0.108%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDTshort	+0.1269%	8h	94.650	−0.011%	$356K	$1.2M	25x
Bitget ZHIPUUSDT	+0.1455%	8h	94.610	−0.053%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1817%	8h	94.690	+0.032%	$5.2M	$15.4M	25x	as long as short