Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h +0.015%

Price spread now: HTX against Gate+0.021%7-day average −0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now +0.021%, 7d avg −0.101%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and HTX is 0.122% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.101%. Mind the row above: over the last 7 days funding on this pair cost −0.178%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.178% in total (about -9.3% 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	Gate ZHIPU_USDT	96.050	0.0164	pay 0.0164% / 8h	4h 11m	$3.0M	$11.8M	50x
Short	HTX ZHIPU-USDT	96.070	0.0513	get 0.0256% / 4h	11m 26s	$17K	$331K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $73.23
Price spread: +0.021% → −0.101%: $12.21
Slippage, 4 orders: −$37.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: $20.66
Costs to cover: 0.648%
Break-even: 5.0 days

Slippage from Gate: live order book, 2 min ago; HTX: live order book, 46 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 Gate live order book, 2 min ago	5.20 bp	19.6 bp −$20	59.6 bp −$596	89.1 bp −$8,912	doesn't fit
Sell HTX live order book, 46 min ago	5.62 bp	12.7 bp −$13	35.8 bp −$358	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	95.950	−0.104%	$1K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	−0.010%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.923	−0.132%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.010	−0.042%	$566	$798	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0131%	1h	95.780	−0.281%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDTlong	+0.0164%	8h	96.050	long leg	$3.0M	$11.8M	50x
Aevo ZHIPU-PERP	+0.0192%	1h	96.079	+0.030%	—	—	10x	as long as short
Lighter ZHIPU	+0.0232%	1h	96.020	−0.031%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDTshort	+0.0513%	4h	96.070	+0.021%	$17K	$331K	20x
tradeXYZ xyz:ZHIPU	+0.0645%	1h	95.889	−0.168%	$26.9M	$7.2M	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	+0.0652%	8h	96.137	+0.090%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1162%	4h	96.020	−0.031%	$39K	$125K	20x	as long as short
Bitget ZHIPUUSDT	+0.1412%	8h	95.970	−0.083%	$1.9M	$3.9M	20x	as long as short
Binance ZHIPUUSDT	+0.1607%	4h	95.895	−0.161%	$22.5M	$62.0M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1822%	8h	95.950	−0.104%	$5.8M	$16.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.1836%	8h	95.940	−0.115%	$275K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2384%	4h	96.007	−0.045%	$19K	$151K	10x	as long as short