Funding arb · Price arb /

ZHIPU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h —

Price spread now: SoDEX against Aevo+0.133%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 SoDEX

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 pays, funding is against you. SoDEX is 0.133% dearer against Aevo than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	96.592	0.0224	pay 0.0028% / 1h	9m 59s	—	—	10x
Short	SoDEX ZHIPU-USD	96.720	0.0050	get 0.0006% / 1h	9m 59s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$36.54
Price spread: +0.133% → 0.000%: $13.25
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$47.29
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample	—	—	—	—	—

Aevo and SoDEX: 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	96.920	+0.340%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.720	+0.133%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.432	−0.166%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.700	+0.112%	$840	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0106%	8h	96.640	+0.050%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERPlong	+0.0224%	1h	96.592	long leg	—	—	10x
Lighter ZHIPU	+0.0504%	1h	96.510	−0.085%	$102K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0704%	4h	96.610	+0.019%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0749%	8h	96.370	−0.230%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0844%	1h	96.790	+0.205%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0900%	4h	96.710	+0.122%	$21K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.550	−0.044%	$22.9M	$68.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1252%	1h	96.622	+0.031%	$27.3M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1412%	8h	96.640	+0.050%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.610	+0.019%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1874%	8h	96.590	−0.002%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.1876%	4h	96.474	−0.122%	$21K	$153K	10x	as long as short