Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.184%

Price spread now: HTX against tradeXYZ+0.496%49s7-day average −0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$630.629% of the position

Long on tradeXYZ Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.600%−$60 on $10k

Price spread, last 4 days (all we have)−0.141%−$14 · spread now +0.496%, 7d avg −0.134%

Together, before fees−0.741%+ Points / potential airdroptradeXYZ: Active · farm board−$74 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.630% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.496% now, against its 7-day average of −0.134%): +$63 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 days. The two prices were read 49 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	tradeXYZ xyz:ZHIPU	97.735	0.1299	pay 0.0162% / 1h	59m 16s	$27.3M	$6.9M	10x
Short	HTX ZHIPU-USDT	98.220	0.1102	get 0.0551% / 4h	59m 16s	$18K	$324K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.496%Rate

Funding earned: −$41.39
Price spread: +0.496% → −0.134%: $63.02
Slippage, 4 orders: −$32.92
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.28
Costs to cover: 0.629%
Break-even: from the start

Slippage from tradeXYZ: live order book, 10 min ago; HTX: live order book, 63 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, 10 min ago	2.43 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 63 min ago	6.43 bp	17.5 bp −$18	44.0 bp −$440	doesn't fit	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	97.920	+0.189%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	97.670	−0.067%	$35K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	97.970	+0.240%	$37K	$21K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	97.477	−0.264%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	97.660	−0.077%	$576	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0152%	1h	97.742	+0.007%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0383%	8h	97.830	+0.097%	$3.0M	$10.9M	50x	as long as short
Aster ZHIPUUSDT	+0.0605%	8h	97.646	−0.091%	$50K	$52K	20x	as long as short
HTX ZHIPU-USDTshort	+0.1102%	4h	98.220	+0.496%	$18K	$324K	20x
tradeXYZ xyz:ZHIPUlong	+0.1299%	1h	97.735	long leg	$27.3M	$6.9M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.1328%	1h	97.560	−0.179%	$103K	$20K	10x	as long as short
Bitget ZHIPUUSDT	+0.1386%	8h	97.870	+0.138%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1524%	4h	97.510	−0.230%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1631%	8h	97.960	+0.230%	$5.5M	$15.8M	25x	as long as short
Binance ZHIPUUSDT	+0.2233%	4h	97.670	−0.066%	$22.6M	$58.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.2736%	8h	97.870	+0.138%	$364K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2809%	4h	98.298	+0.576%	$19K	$151K	10x	as long as short