Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h −0.199%

Price spread now: Bybit against edgeX−0.421%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.490%−$49 on $10k

Price spread, last 4 days (all we have)+0.497%+$50 · spread now −0.421%, 7d avg −0.029%

Together, before fees+0.007%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.392% cheaper against edgeX than usual: you would sell low and buy high (spread −0.421% now, against its 7-day average of −0.029%). If the spread goes back, that is −$39 on $10k: about 4.9 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.490%, 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	edgeX ZHIPUUSDC	100.62	0.2247	pay 0.1123% / 4h	1h 51m	$20K	$154K	10x
Short	Bybit ZHIPUUSDT	100.20	0.2516	get 0.2516% / 8h	5h 51m	$370K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against edgeX. 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 edgeXbpFee BybitbpOrdersPrice spread, now −0.421%Rate

Funding earned: $56.49
Price spread: −0.421% → −0.029%: −$39.19
Slippage, 4 orders: −$110.73
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$113.43
Costs to cover: 1.307%
Break-even: 21.1 days

Slippage from edgeX: live order book, 10 min ago; Bybit: live order book, 5 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 edgeX live order book, 10 min ago	12.88 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.47 bp	32.8 bp −$33	68.2 bp −$682	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	100.83	+0.205%	$2K	$988K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.58	−0.044%	$52K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.74	+0.116%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.763%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.09	−0.530%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	−0.451%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.29	−0.331%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0691%	1h	100.72	+0.096%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0831%	8h	100.20	−0.421%	$2.0M	$3.8M	20x	as long as short
HTX ZHIPU-USDT	+0.0843%	4h	100.63	+0.007%	$18K	$308K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0898%	4h	100.27	−0.351%	$40K	$124K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.30	−0.321%	$5.3M	$16.1M	25x	as long as short
Lighter ZHIPU	+0.1040%	1h	100.51	−0.113%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1736%	1h	100.19	−0.431%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	100.14	−0.480%	$22.2M	$56.2M	25x	as long as short
edgeX ZHIPUUSDClong	+0.2247%	4h	100.62	long leg	$20K	$154K	10x
Bybit ZHIPUUSDTshort	+0.2516%	8h	100.20	−0.421%	$370K	$1.3M	25x