Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0656%/8h= +71.8% APRpaid last 24h —

Price spread now: Aster against Aevo+0.360%59s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Aster is 0.360% dearer against Aevo than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 59 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	Aevo ZHIPU-PERP	95.698	0.0280	pay 0.0035% / 1h	43m 30s	—	—	10x
Short	Aster ZHIPUUSDT	96.043	0.0936	get 0.0936% / 8h	1h 43m	$53K	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.360%Rate

Funding earned: $137.72
Price spread: +0.360% → 0.000%: $36.04
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: $149.76
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Aevo: no order-book sample; Aster: 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 Aevo no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Aevo and Aster: 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	95.900	+0.211%	$1K	$807K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.760	+0.065%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.660	−0.039%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.667	−0.032%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.860	+0.170%	$833	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0179%	8h	95.900	+0.211%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0280%	1h	95.698	long leg	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0857%	1h	95.730	+0.034%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDTshort	+0.0936%	8h	96.043	+0.360%	$53K	$58K	20x
KuCoin ZHIPUUSDTM	+0.0998%	4h	95.830	+0.138%	$39K	$119K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1153%	4h	95.670	−0.029%	$21K	$352K	20x	as long as short
Binance ZHIPUUSDT	+0.1193%	4h	95.830	+0.138%	$22.7M	$66.7M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1292%	1h	95.825	+0.133%	$27.0M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1592%	8h	95.740	+0.044%	$358K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1632%	8h	95.880	+0.191%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	+0.144%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2021%	8h	95.910	+0.222%	$5.4M	$18.6M	25x	as long as short