Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.041%7-day average — · you buy dearer than you sell

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

Long on SunX Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.041% cheaper against SunX than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	96.450	0	get 0.0000% / 4h	33m 47s	$2K	$843K	10x
Short	SoDEX ZHIPU-USD	96.410	0.0050	get 0.0006% / 1h	33m 47s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $10.5
Price spread: −0.041% → 0.000%: −$4.15
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.65
Costs to cover: 0.160%
Break-even: 13.4 days

Slippage unknown: SunX: live order book, 9 min ago; SoDEX: no order-book sample. 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 SunX live order book, 9 min ago	16.46 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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-USDTlong	0.0000%	4h	96.450	long leg	$2K	$843K	10x
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.410	−0.041%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.241	−0.217%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.350	−0.104%	$568	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.418	−0.034%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.680	+0.238%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0410%	1h	95.990	−0.477%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0624%	1h	96.590	+0.145%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.472	+0.023%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	96.390	−0.062%	$18K	$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	+0.1040%	1h	96.500	+0.052%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1470%	4h	96.470	+0.021%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1501%	8h	96.680	+0.238%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1832%	8h	96.730	+0.290%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2070%	4h	96.474	+0.025%	$22.5M	$60.5M	25x	as long as short
Bybit ZHIPUUSDT	+0.2345%	8h	96.530	+0.083%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.214%	$19K	$150K	10x	as long as short