Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Bitget−0.090%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$254as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2422.418% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.090%, 7d avg −0.013%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.077% cheaper against Bitget than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.013%). If the spread goes back, that is −$8 on $10k: about 3.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	100.17	0.0831	pay 0.0831% / 8h	5h 50m	$2.0M	$3.8M	20x
Short	KuCoin ZHIPUUSDTM	100.08	0.0898	get 0.0449% / 4h	1h 50m	$40K	$124K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.090%Rate

Funding earned: $14.07
Price spread: −0.090% → −0.013%: −$7.71
Slippage, 4 orders: −$217.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$235.42
Costs to cover: 2.418%
Break-even: 124.1 days

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 38 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, 2 min ago	4.96 bp	23.3 bp −$23	41.0 bp −$410	doesn't fit	doesn't fit
Sell KuCoin live order book, 38 min ago	18.91 bp	77.2 bp −$77	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	100.27	+0.100%	$1K	$986K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.30	+0.126%	$51K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.11	−0.060%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.314%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.09	−0.080%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	0.000%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.19	+0.020%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0691%	1h	100.72	+0.549%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDTlong	+0.0831%	8h	100.17	long leg	$2.0M	$3.8M	20x
HTX ZHIPU-USDT	+0.0835%	4h	100.05	−0.120%	$18K	$307K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTMshort	+0.0898%	4h	100.08	−0.090%	$40K	$124K	20x
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.24	+0.070%	$5.3M	$16.1M	25x	as long as short
Lighter ZHIPU	+0.1096%	1h	100.14	−0.030%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1731%	1h	100.06	−0.110%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	99.966	−0.204%	$22.1M	$56.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.453%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2516%	8h	100.17	0.000%	$372K	$1.3M	25x	as long as short