Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0311%/8h= −34.0% APRpaid last 24h +0.088%

Price spread now: Binance against Bybit−0.157%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1181.180% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.157%, 7d avg −0.094%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.094%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.150% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	95.580	0.1413	pay 0.1413% / 8h	46m 05s	$357K	$1.3M	25x
Short	Binance ZHIPUUSDT	95.430	0.1103	get 0.0551% / 4h	46m 05s	$22.4M	$61.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.157%Rate

Funding earned: −$65.21
Price spread: −0.157% → −0.094%: −$6.3
Slippage, 4 orders: −$96.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$189.49
Costs to cover: 1.180%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 11 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 Bybit live order book, 5 min ago	4.72 bp	45.5 bp −$45	209.6 bp −$2,096	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.65 bp	11.4 bp −$11	38.4 bp −$384	169.2 bp −$16.9K	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	95.570	−0.010%	$1K	$647K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.460	−0.126%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.386	−0.203%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.440	−0.146%	$829	$798	10x	as long as short
Lighter ZHIPU	+0.0128%	1h	95.510	−0.073%	$101K	$16K	10x	as long as short
Gate ZHIPU_USDT	+0.0210%	8h	95.540	−0.042%	$3.2M	$9.9M	50x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	95.478	−0.106%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0311%	1h	95.260	−0.335%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0726%	4h	95.710	+0.136%	$20K	$353K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0733%	1h	95.451	−0.135%	$27.0M	$7.4M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0927%	8h	95.590	+0.010%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1042%	4h	95.530	−0.052%	$38K	$115K	20x	as long as short
Binance ZHIPUUSDTshort	+0.1103%	4h	95.430	−0.157%	$22.4M	$61.7M	25x
Bybit ZHIPUUSDTlong	+0.1413%	8h	95.580	long leg	$357K	$1.3M	25x
Bitget ZHIPUUSDT	+0.1591%	8h	95.500	−0.084%	$1.7M	$4.0M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1951%	8h	95.540	−0.042%	$5.3M	$17.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2093%	4h	95.220	−0.377%	$20K	$154K	10x	as long as short