Funding arb · Price arb /

ZHIPU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h —

Price spread now: SunX 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 SunX

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. SunX 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 −$3 a day in funding at the current rate, which eats that in about 4.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo ZHIPU-PERP	105.56	0.0104	pay 0.0013% / 1h	45m 07s	—	—	10x
Short	SunX ZHIPU-USDT	105.70	0	get 0.0000% / 4h	3h 45m	$1K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.133%Rate

Funding earned: −$21.84
Price spread: +0.133% → 0.000%: $13.35
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.49
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	30.28 bp	135.6 bp −$136	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
Aster ZHIPUUSDT	0.0000%	8h	105.43	−0.122%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDT	0.0000%	8h	105.69	+0.124%	$299K	$1.3M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.66	+0.096%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDTshort	0.0000%	4h	105.70	+0.133%	$1K	$1.2M	10x
HTX ZHIPU-USDT	0.0000%	4h	105.51	−0.047%	$19K	$314K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	105.61	+0.048%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.56	+0.001%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.65	+0.082%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.60	+0.039%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERPlong	+0.0104%	1h	105.56	long leg	—	—	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0147%	8h	105.54	−0.018%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0157%	8h	105.71	+0.143%	$5.0M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0228%	8h	105.64	+0.077%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0330%	1h	105.64	+0.077%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0554%	4h	105.56	−0.002%	$21.1M	$57.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.62	+0.058%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0997%	1h	105.65	+0.086%	$37K	$22K	5x	as long as short