Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.008%

Price spread now: SoDEX against Gate−0.031%7-day average — · you buy dearer than you sell

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

Long on Gate 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—needs both histories

Funding pays, the price is against you. SoDEX is 0.031% cheaper against Gate than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ZHIPU_USDT	96.040	0.0040	pay 0.0040% / 8h	3h 05m	$2.9M	$11.9M	50x
Short	SoDEX ZHIPU-USD	96.010	0.0050	get 0.0006% / 1h	5m 11s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.031%Rate

Funding earned: $2.1
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.02
Costs to cover: 0.230%
Break-even: 87.1 days

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	2.08 bp	14.2 bp −$14	50.4 bp −$504	87.1 bp −$8,708	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	96.100	+0.062%	$1K	$848K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	95.890	−0.156%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.130	+0.094%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDTlong	+0.0040%	8h	96.040	long leg	$2.9M	$11.9M	50x
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.010	−0.031%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.127	+0.090%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.040	0.000%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	96.013	−0.028%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0457%	8h	96.199	+0.166%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0588%	4h	96.060	+0.021%	$39K	$121K	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	+0.0741%	1h	96.036	−0.004%	$26.9M	$7.2M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0745%	1h	96.270	+0.239%	$36K	$20K	5x	as long as short
Binance ZHIPUUSDT	+0.0839%	4h	96.043	+0.003%	$22.5M	$63.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.015%	$19K	$150K	10x	as long as short
Bitget ZHIPUUSDT	+0.1269%	8h	96.060	+0.021%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1279%	8h	96.070	+0.031%	$266K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1661%	8h	96.040	0.000%	$5.7M	$17.1M	25x	as long as short