Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0488%/8h= +53.5% APRpaid last 24h −0.045%

Price spread now: Binance against tradeXYZ+0.112%7-day average −0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.534%−$53 on $10k

Price spread, last 7 days−0.140%−$14 · spread now +0.112%, 7d avg −0.106%

Together, before fees−0.674%+ Points / potential airdroptradeXYZ: Active · farm board−$67 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.218% dearer against tradeXYZ than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.106%. Mind the row above: over the last 7 days funding on this pair cost −0.534%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	98.170	0.1739	pay 0.0217% / 1h	0m 27s	$27.5M	$6.8M	10x
Short	Binance ZHIPUUSDT	98.280	0.2228	get 0.1114% / 4h	1h 00m	$22.7M	$58.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.112%Rate

Funding earned: $102.58
Price spread: +0.112% → −0.106%: $21.81
Slippage, 4 orders: −$18.74
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: $77.64
Costs to cover: 0.467%
Break-even: 1.7 days

Slippage from tradeXYZ: live order book, 9 min ago; Binance: live order book, 12 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 tradeXYZ live order book, 9 min ago	2.43 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.50 bp	10.0 bp −$10	26.1 bp −$261	105.1 bp −$10.5K	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-USDT	0.0000%	4h	98.520	+0.357%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.050	−0.122%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.020	−0.153%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.230	+0.061%	$579	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0152%	1h	98.273	+0.105%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0424%	8h	98.370	+0.204%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0593%	8h	98.279	+0.111%	$51K	$52K	20x	as long as short
HTX ZHIPU-USDT	+0.1100%	4h	98.220	+0.051%	$18K	$324K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1102%	1h	98.230	+0.061%	$37K	$21K	5x	as long as short
Lighter ZHIPU	+0.1336%	1h	98.180	+0.010%	$103K	$20K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1381%	8h	98.450	+0.285%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1538%	4h	98.120	−0.051%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1615%	8h	98.510	+0.346%	$5.5M	$15.8M	25x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.1739%	1h	98.170	long leg	$27.5M	$6.8M	10x
Binance ZHIPUUSDTshort	+0.2228%	4h	98.280	+0.112%	$22.7M	$58.6M	25x
Bybit ZHIPUUSDT	+0.2772%	8h	98.410	+0.244%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.797%	$19K	$150K	10x	as long as short