Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0502%/8h= +54.9% APRpaid last 24h +0.202%

Price spread now: tradeXYZ against Aster+0.160%7-day average — · you sell dearer than you buy

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

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.423%+$42 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.160% dearer against Aster than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZHIPUUSDT	95.917	0.0549	pay 0.0549% / 8h	3h 36m	$50K	$51K	20x
Short	tradeXYZ xyz:ZHIPU	96.070	0.1051	get 0.0131% / 1h	36m 44s	$26.9M	$7.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.160%Rate

Funding earned: $105.36
Price spread: +0.160% → 0.000%: $15.96
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $95.32
Costs to cover: 0.260%
Break-even: 0.7 days

Slippage unknown: Aster: no order-book sample; tradeXYZ: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 3 min ago	0.99 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

Aster: 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	96.050	+0.139%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.080	+0.170%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.110	+0.201%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	+0.128%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0079%	8h	96.130	+0.222%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.082	+0.172%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.040	+0.128%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.048	+0.137%	—	—	10x	as long as short
Aster ZHIPUUSDTlong	+0.0549%	8h	95.917	long leg	$50K	$51K	20x
Ondo Perps ZHIPU-USD.P	+0.0763%	1h	96.150	+0.243%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0910%	4h	96.060	+0.149%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.1051%	1h	96.070	+0.160%	$26.9M	$7.2M	10x
Binance ZHIPUUSDT	+0.1165%	4h	96.048	+0.137%	$22.5M	$63.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1358%	8h	96.100	+0.191%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1525%	8h	96.100	+0.191%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1694%	4h	96.110	+0.201%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1771%	8h	96.180	+0.274%	$5.8M	$17.1M	25x	as long as short