Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.042%

Price spread now: tradeXYZ against Bitget−0.074%7-day average +0.039% · you buy dearer than you sell

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

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.074%, 7d avg +0.039%

Together, before fees+0.490%+ Points / potential airdroptradeXYZ: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.112% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.039%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.461%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	94.950	0.0752	pay 0.0752% / 8h	5h 42m	$1.6M	$4.0M	20x
Short	tradeXYZ xyz:ZHIPU	94.880	0.0670	get 0.0084% / 1h	42m 51s	$26.6M	$6.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$17.23
Price spread: −0.074% → +0.039%: −$11.22
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$58.45
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; tradeXYZ: live order book, 9 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 Bitget live order book, 3 min ago	3.16 bp	15.4 bp −$15	29.2 bp −$292	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.90 bp	12.9 bp −$13	doesn't fit	doesn't fit	doesn't fit

ZHIPU on 17 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.990	+0.042%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	−0.011%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.940	−0.011%	$16K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.790	−0.169%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.900	−0.053%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.896	−0.056%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.890	−0.063%	$39K	$275K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.900	−0.053%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.891	−0.062%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0132%	8h	94.779	−0.180%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0399%	4h	94.906	−0.046%	$22.0M	$55.8M	25x	as long as short
Bybit ZHIPUUSDT	+0.0595%	8h	94.940	−0.011%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.0670%	1h	94.880	−0.074%	$26.6M	$6.9M	10x
Bitget ZHIPUUSDTlong	+0.0752%	8h	94.950	long leg	$1.6M	$4.0M	20x
Ondo Perps ZHIPU-USD.P	+0.0856%	1h	94.950	0.000%	$32K	$19K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1173%	8h	94.990	+0.042%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1353%	4h	94.835	−0.121%	$20K	$152K	10x	as long as short