Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0782%/8h= +85.6% APRpaid last 24h —

Price spread now: KuCoin against Aevo−0.019%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 KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$23 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	94.538	0.0192	pay 0.0024% / 1h	59m 12s	—	—	10x
Short	KuCoin ZHIPUUSDTM	94.520	0.0974	get 0.0487% / 4h	3h 59m	$38K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $164.22
Price spread: −0.019% → 0.000%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $134.32
Costs to cover: 0.280%
Break-even: 1.3 days

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 25 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 KuCoin live order book, 25 min ago	12.07 bp	44.4 bp −$44	doesn't fit	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
Bybit ZHIPUUSDT	0.0000%	8h	94.620	+0.087%	$354K	$1.2M	25x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.670	+0.140%	$1K	$434K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.530	−0.008%	$34K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.720	+0.193%	$32K	$21K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.467	−0.075%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.500	−0.040%	$821	$798	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0192%	1h	94.538	long leg	—	—	10x
Gate ZHIPU_USDT	+0.0205%	8h	94.740	+0.214%	$3.2M	$9.8M	50x	as long as short
Aster ZHIPUUSDT	+0.0834%	8h	94.510	−0.030%	$53K	$33K	20x	as long as short
Lighter ZHIPU	+0.0904%	1h	94.560	+0.023%	$100K	$16K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTMshort	+0.0974%	4h	94.520	−0.019%	$38K	$140K	20x
Binance ZHIPUUSDT	+0.0985%	4h	94.644	+0.112%	$22.2M	$56.1M	25x	as long as short
Bitget ZHIPUUSDT	+0.1454%	8h	94.750	+0.224%	$1.6M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1585%	4h	94.519	−0.020%	$20K	$152K	10x	as long as short
HTX ZHIPU-USDT	+0.1672%	4h	94.700	+0.171%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1813%	1h	94.477	−0.065%	$26.7M	$7.2M	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1827%	8h	94.770	+0.245%	$5.2M	$15.3M	25x	as long as short