Funding arb · Price arb /

ZHIPU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0300%/8h= +32.9% APRpaid last 24h —

Price spread now: Gate against Aevo−0.243%7-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 Gate

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. Gate is 0.243% cheaper against Aevo than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.7 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	98.499	0.0136	pay 0.0017% / 1h	2m 59s	—	—	10x
Short	Gate ZHIPU_USDT	98.260	0.0436	get 0.0436% / 8h	5h 02m	$3.2M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.243%Rate

Funding earned: $63
Price spread: −0.243% → 0.000%: −$24.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $7.75
Costs to cover: 0.310%
Break-even: 6.1 days

Slippage unknown: Aevo: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	6.10 bp	36.8 bp −$37	66.1 bp −$661	90.2 bp −$9,022	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	98.290	−0.212%	$2K	$863K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.200	−0.303%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.528	+0.030%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.460	−0.039%	$580	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0136%	1h	98.499	long leg	—	—	10x
Gate ZHIPU_USDTshort	+0.0436%	8h	98.260	−0.243%	$3.2M	$11.3M	50x
Aster ZHIPUUSDT	+0.0588%	8h	98.204	−0.299%	$50K	$52K	20x	as long as short
HTX ZHIPU-USDT	+0.1123%	4h	98.620	+0.123%	$18K	$323K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1123%	1h	99.070	+0.580%	$37K	$21K	5x	as long as short
Lighter ZHIPU	+0.1360%	1h	98.250	−0.253%	$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	98.160	−0.344%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1522%	4h	98.080	−0.425%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1580%	8h	98.260	−0.243%	$5.4M	$15.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1754%	1h	98.048	−0.458%	$27.4M	$6.8M	10x	as long as short
Binance ZHIPUUSDT	+0.2257%	4h	98.055	−0.451%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2770%	8h	98.160	−0.344%	$361K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.461%	$19K	$150K	10x	as long as short