Funding arb · Price arb /

ZHIPU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0845%/8h= +92.6% APRpaid last 24h —

Price spread now: OKX against Aevo−0.672%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 OKX

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. OKX is 0.672% cheaper against Aevo than usual: you would sell low and buy high (spread −0.672% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$67 on $10k: about 2.6 days of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	100.08	0.0104	pay 0.0013% / 1h	49m 39s	—	—	10x
Short	OKX ZHIPU-USDT-SWAP	99.410	0.0949	get 0.0949% / 8h	5h 49m	$5.3M	$15.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.672%Rate

Funding earned: $177.51
Price spread: −0.672% → 0.000%: −$67.16
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: $84.35
Costs to cover: 0.260%
Break-even: 3.7 days

Slippage unknown: Aevo: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.99 bp	18.0 bp −$18	64.8 bp −$648	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	100.17	+0.088%	$1K	$984K	10x	as long as short
Aster ZHIPUUSDT	+0.0041%	8h	99.611	−0.470%	$51K	$51K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.00	−0.082%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.730	−0.352%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.01	−0.072%	$52	$266	10x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	100.08	long leg	—	—	10x
Gate ZHIPU_USDT	+0.0265%	8h	99.510	−0.572%	$3.0M	$10.3M	50x	as long as short
HTX ZHIPU-USDT	+0.0847%	4h	99.930	−0.152%	$18K	$308K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0847%	1h	100.72	+0.637%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0854%	8h	99.360	−0.722%	$2.0M	$3.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0932%	4h	99.970	−0.112%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.0949%	8h	99.410	−0.672%	$5.3M	$15.9M	25x
Lighter ZHIPU	+0.1192%	1h	99.540	−0.542%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1758%	1h	99.981	−0.101%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1770%	4h	99.391	−0.691%	$22.0M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.541%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2550%	8h	99.590	−0.492%	$374K	$1.3M	25x	as long as short