Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2689%/8h= −294.5% APRpaid last 24h −0.288%

Price spread now: SoDEX against edgeX−0.545%7-day average — · you buy dearer than you sell

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

Long on edgeX 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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$81 a day on $10k at the current rate, and SoDEX is 0.545% cheaper against edgeX than usual: you would sell low and buy high (−$54 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZHIPUUSDC	96.656	0.2739	pay 0.1370% / 4h	35m 07s	$19K	$150K	10x
Short	SoDEX ZHIPU-USD	96.130	0.0050	get 0.0006% / 1h	35m 07s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.545%Rate

Funding earned: −$564.8
Price spread: −0.545% → 0.000%: −$54.46
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$636.25
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 21 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 edgeX live order book, 21 min ago	12.27 bp	21.0 bp −$21	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	96.220	−0.451%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.130	−0.545%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.176	−0.497%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.150	−0.524%	$567	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	96.206	−0.466%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.270	−0.400%	$3.0M	$11.4M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0435%	1h	95.990	−0.689%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0696%	1h	96.250	−0.420%	$101K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.358	−0.309%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0881%	4h	96.110	−0.565%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1075%	1h	96.246	−0.425%	$27.1M	$7.1M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1480%	4h	96.150	−0.524%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1503%	8h	96.320	−0.348%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1828%	8h	96.420	−0.245%	$5.6M	$16.2M	25x	as long as short
Binance ZHIPUUSDT	+0.2114%	4h	96.153	−0.520%	$22.5M	$60.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.2396%	8h	96.260	−0.410%	$293K	$1.4M	25x	as long as short
edgeX ZHIPUUSDClong	+0.2739%	4h	96.656	long leg	$19K	$150K	10x