Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0938%/8h= −102.7% APRpaid last 24h −0.177%

Price spread now: SoDEX against Binance+0.021%7-day average — · you sell dearer than you buy

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

Long on Binance Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—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 0.021% dearer against Binance than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 2 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	96.330	0.0988	pay 0.0494% / 4h	2h 09m	$22.8M	$68.9M	25x
Short	SoDEX ZHIPU-USD	96.350	0.0050	get 0.0006% / 1h	9m 07s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX against Binance. 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 BinancebpFee SoDEXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$196.93
Price spread: +0.021% → 0.000%: $2.08
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$212.86
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; 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 Binance live order book, 3 min ago	1.55 bp	11.4 bp −$11	35.1 bp −$351	100.6 bp −$10.1K	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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	96.610	+0.291%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.350	+0.021%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.082	−0.258%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.410	+0.083%	$838	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0103%	8h	96.450	+0.125%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.432	+0.106%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.220	−0.114%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0718%	4h	96.380	+0.052%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0761%	8h	96.510	+0.187%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0845%	1h	96.790	+0.478%	$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	+0.0910%	4h	96.390	+0.062%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDTlong	+0.0988%	4h	96.330	long leg	$22.8M	$68.9M	25x
tradeXYZ xyz:ZHIPU	+0.1262%	1h	96.358	+0.029%	$27.2M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1424%	8h	96.450	+0.125%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1473%	8h	96.400	+0.073%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1877%	4h	96.808	+0.496%	$21K	$153K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1883%	8h	96.460	+0.135%	$5.6M	$18.6M	25x	as long as short