Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0778%/8h= +85.1% APRpaid last 24h —

Price spread now: Binance against Aevo−0.201%48s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Binance

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—needs both histories

Funding pays, the price is against you. Binance is 0.201% cheaper against Aevo than usual: you would sell low and buy high (spread −0.201% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 21 hours of funding at the current rate (+$23 a day). The two prices were read 48 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	94.991	0.0192	pay 0.0024% / 1h	8m 33s	—	—	10x
Short	Binance ZHIPUUSDT	94.800	0.0970	get 0.0485% / 4h	8m 33s	$22.3M	$56.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.201%Rate

Funding earned: $163.29
Price spread: −0.201% → 0.000%: −$20.12
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: $117.16
Costs to cover: 0.260%
Break-even: 2.0 days

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 4 min ago. 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 Binance live order book, 4 min ago	0.53 bp	5.8 bp −$6	30.8 bp −$308	131.6 bp −$13.2K	doesn't fit

Aevo: 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	95.240	+0.262%	$2K	$449K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.930	−0.064%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	94.860	−0.138%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.657	−0.352%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.970	−0.022%	$825	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0192%	1h	94.991	long leg	—	—	10x
Gate ZHIPU_USDT	+0.0194%	8h	94.890	−0.106%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0260%	1h	95.310	+0.336%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDT	+0.0483%	4h	95.090	+0.104%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0534%	1h	94.809	−0.192%	$26.8M	$7.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0835%	8h	94.842	−0.157%	$53K	$40K	20x	as long as short
Binance ZHIPUUSDTshort	+0.0970%	4h	94.800	−0.201%	$22.3M	$56.0M	25x
KuCoin ZHIPUUSDTM	+0.0972%	4h	94.860	−0.138%	$39K	$132K	20x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	+0.120%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1275%	8h	94.860	−0.138%	$354K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1457%	8h	94.860	−0.138%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1824%	8h	94.840	−0.159%	$5.2M	$15.4M	25x	as long as short