Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0653%/8h= −71.5% APRpaid last 24h —

Price spread now: Aevo against Aster−0.122%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Aevo

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Aevo is 0.122% cheaper against Aster than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZHIPUUSDT	96.088	0.0933	pay 0.0933% / 8h	1h 42m	$53K	$58K	20x
Short	Aevo ZHIPU-PERP	95.971	0.0280	get 0.0035% / 1h	42m 13s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.122%Rate

Funding earned: −$137.09
Price spread: −0.122% → 0.000%: −$12.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$173.31
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Aevo: 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 Aster no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Aster and 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	95.980	−0.112%	$1K	$792K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.010	−0.081%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.720	−0.383%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.832	−0.267%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.930	−0.164%	$833	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0182%	8h	95.990	−0.102%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERPshort	+0.0280%	1h	95.971	−0.122%	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0826%	1h	95.730	−0.373%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDTlong	+0.0933%	8h	96.088	long leg	$53K	$58K	20x
KuCoin ZHIPUUSDTM	+0.0996%	4h	95.950	−0.144%	$38K	$119K	20x	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	+0.1113%	4h	95.920	−0.175%	$21K	$352K	20x	as long as short
Binance ZHIPUUSDT	+0.1184%	4h	95.920	−0.174%	$22.7M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1233%	1h	95.929	−0.165%	$27.0M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1586%	8h	95.940	−0.154%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1630%	8h	95.960	−0.133%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	−0.263%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2017%	8h	95.990	−0.102%	$5.5M	$18.6M	25x	as long as short