Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2622%/8h= +287.2% APRpaid last 24h —

Price spread now: Bybit against Aevo+0.213%7-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 Bybit

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

Both sides work for this trade now. Funding pays +$79 a day on $10k at the current rate, and Bybit is 0.213% dearer against Aevo than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	98.041	0.0136	pay 0.0017% / 1h	1m 50s	—	—	10x
Short	Bybit ZHIPUUSDT	98.250	0.2758	get 0.2758% / 8h	5h 01m	$365K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.213%Rate

Funding earned: $550.7
Price spread: +0.213% → 0.000%: $21.27
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $544.97
Costs to cover: 0.270%
Break-even: 0.1 days

Slippage unknown: Aevo: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago	6.06 bp	43.3 bp −$43	90.7 bp −$907	doesn't fit	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	98.260	+0.223%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.020	−0.022%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	97.986	−0.057%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.020	−0.022%	$578	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0136%	1h	98.041	long leg	—	—	10x
Gate ZHIPU_USDT	+0.0427%	8h	98.400	+0.366%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0588%	8h	98.187	+0.148%	$50K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1101%	1h	98.230	+0.192%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1105%	4h	98.100	+0.060%	$18K	$324K	20x	as long as short
Lighter ZHIPU	+0.1352%	1h	98.190	+0.151%	$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	+0.1367%	8h	98.290	+0.253%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1520%	4h	98.120	+0.080%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1588%	8h	98.500	+0.468%	$5.4M	$15.7M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1740%	1h	98.115	+0.075%	$27.4M	$6.8M	10x	as long as short
Binance ZHIPUUSDT	+0.2241%	4h	98.236	+0.199%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDTshort	+0.2758%	8h	98.250	+0.213%	$365K	$1.3M	25x
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.929%	$19K	$150K	10x	as long as short