Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h −0.008%

Price spread now: SoDEX against Bitget−0.019%49s7-day average — · you buy dearer than you sell

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

Long on Bitget 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	105.70	0.0200	pay 0.0200% / 8h	13m 23s	$1.7M	$4.4M	20x
Short	SoDEX ZHIPU-USD	105.68	0.0050	get 0.0006% / 1h	13m 23s	$38K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$31.5
Price spread: −0.019% → 0.000%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$53.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.36 bp	16.4 bp −$16	31.1 bp −$311	doesn't fit	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
Aster ZHIPUUSDT	0.0000%	8h	105.30	−0.375%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.74	+0.038%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.58	−0.114%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0008%	8h	105.77	+0.066%	$2.9M	$13.5M	50x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	105.68	−0.019%	$38K	$3K	10x
OKX ZHIPU-USDT-SWAP	+0.0100%	8h	105.80	+0.095%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.68	−0.014%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.72	+0.019%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.65	−0.052%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0183%	8h	105.63	−0.066%	$77	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDTlong	+0.0200%	8h	105.70	long leg	$1.7M	$4.4M	20x
Binance ZHIPUUSDT	+0.0293%	4h	105.63	−0.068%	$21.1M	$57.6M	25x	as long as short
Lighter ZHIPU	+0.0360%	1h	105.74	+0.038%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0493%	8h	105.81	+0.104%	$306K	$1.3M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1025%	1h	105.69	−0.009%	$29.1M	$7.9M	10x	as long as short
edgeX ZHIPUUSDC	+0.1053%	4h	105.78	+0.078%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1405%	1h	105.72	+0.019%	$37K	$22K	5x	as long as short