Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1149%/8h= −125.8% APRpaid last 24h —

Price spread now: Aevo against Bybit+0.042%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—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. Aevo is 0.042% dearer against Bybit than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$34 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	95.110	0.1373	pay 0.1373% / 8h	34m 12s	$355K	$1.3M	25x
Short	Aevo ZHIPU-PERP	95.150	0.0224	get 0.0028% / 1h	34m 12s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now +0.042%Rate

Funding earned: −$241.22
Price spread: +0.042% → 0.000%: $4.21
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$264.01
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: 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 Bybit live order book, 2 min ago	5.79 bp	33.4 bp −$33	213.0 bp −$2,130	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	95.220	+0.116%	$2K	$538K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.110	0.000%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	95.120	+0.011%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.236	+0.132%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.210	+0.105%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0208%	8h	95.270	+0.168%	$3.2M	$10.0M	50x	as long as short
Aevo ZHIPU-PERPshort	+0.0224%	1h	95.150	+0.042%	—	—	10x
Ondo Perps ZHIPU-USD.P	+0.0291%	1h	95.220	+0.116%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0619%	1h	95.229	+0.125%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0634%	4h	95.220	+0.116%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0901%	8h	95.210	+0.105%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1018%	4h	95.200	+0.095%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1072%	4h	95.139	+0.030%	$22.3M	$58.4M	25x	as long as short
Bybit ZHIPUUSDTlong	+0.1373%	8h	95.110	long leg	$355K	$1.3M	25x
Bitget ZHIPUUSDT	+0.1553%	8h	95.150	+0.042%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	+0.020%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1914%	8h	95.130	+0.021%	$5.3M	$16.1M	25x	as long as short