Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.298%

Price spread now: edgeX against Bitget+0.264%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.553%+$55 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now +0.264%, 7d avg +0.067%

Together, before fees+0.387%+ Points / potential airdropedgeX: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and edgeX is 0.197% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	95.930	0.1381	pay 0.1381% / 8h	3h 43m	$1.8M	$4.1M	20x
Short	edgeX ZHIPUUSDC	96.183	0.1550	get 0.0775% / 4h	3h 43m	$19K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now +0.264%Rate

Funding earned: $35.4
Price spread: +0.264% → +0.067%: $19.68
Slippage, 4 orders: −$204.27
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$170.19
Costs to cover: 2.253%
Break-even: 40.7 days

Slippage from Bitget: live order book, 5 min ago; edgeX: live order book, 8 min ago.

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 Bitget live order book, 5 min ago	3.63 bp	21.4 bp −$21	30.8 bp −$308	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	13.03 bp	89.0 bp −$89	doesn't fit	doesn't fit	doesn't fit

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	96.020	+0.094%	$1K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	+0.115%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	96.120	+0.198%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0096%	8h	95.960	+0.031%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.954	+0.025%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	−0.031%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.883	−0.049%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0375%	4h	96.070	+0.146%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0567%	8h	95.898	−0.033%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0854%	1h	96.240	+0.323%	$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	+0.0972%	4h	96.050	+0.125%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1251%	4h	95.955	+0.026%	$22.5M	$63.4M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1261%	1h	95.908	−0.023%	$26.9M	$7.2M	10x	as long as short
Bitget ZHIPUUSDTlong	+0.1381%	8h	95.930	long leg	$1.8M	$4.1M	20x
edgeX ZHIPUUSDCshort	+0.1550%	4h	96.183	+0.264%	$19K	$151K	10x
Bybit ZHIPUUSDT	+0.1601%	8h	95.940	+0.010%	$271K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1791%	8h	95.980	+0.052%	$5.8M	$17.0M	25x	as long as short