Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.007%

Price spread now: Gate against SunX+0.062%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2772.772% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.249%−$25 · spread now +0.062%, 7d avg +0.009%

Together, before fees−0.185%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.054% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	96.080	0	get 0.0000% / 4h	3h 14m	$2K	$847K	10x
Short	Gate ZHIPU_USDT	96.140	0.0053	get 0.0053% / 8h	3h 14m	$2.9M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.062%Rate

Funding earned: $11.13
Price spread: +0.062% → +0.009%: $5.36
Slippage, 4 orders: −$254.18
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.7
Costs to cover: 2.772%
Break-even: 171.0 days

Slippage from SunX: live order book, 19 min ago; Gate: live order book, 5 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 SunX live order book, 19 min ago	31.14 bp	110.2 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.64 bp	13.4 bp −$13	43.6 bp −$436	83.7 bp −$8,366	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-USDTlong	0.0000%	4h	96.080	long leg	$2K	$847K	10x
Lighter ZHIPU	+0.0032%	1h	96.130	+0.052%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0045%	4h	96.120	+0.042%	$19K	$336K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.030	−0.052%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0053%	8h	96.140	+0.062%	$2.9M	$11.9M	50x
Nado ZHIPU-PERP	+0.0100%	1h	96.046	−0.036%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.020	−0.062%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0200%	1h	96.006	−0.077%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0485%	8h	96.015	−0.068%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0688%	4h	96.060	−0.021%	$39K	$122K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0784%	1h	96.030	−0.052%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0860%	1h	96.048	−0.033%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.090	+0.011%	$22.5M	$63.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1315%	8h	96.200	+0.125%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1376%	8h	96.100	+0.021%	$266K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1675%	4h	96.068	−0.012%	$19K	$151K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1707%	8h	96.290	+0.219%	$5.7M	$17.1M	25x	as long as short