Funding arb · Price arb /

ZHIPU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0379%/8hpaid last 24h —

Price spread now: Aevo against HTX+0.078%54s7-day average — · you sell dearer than you buy

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

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Aevo is 0.078% dearer against HTX than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	104.43	0.0723	pay 0.0362% / 4h	23m 26s	$19K	$320K	20x
Short	Aevo ZHIPU-PERP	104.51	0.0344	get 0.0043% / 1h	23m 26s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.078%Rate

Funding earned: −$79.68
Price spread: +0.078% → 0.000%: $7.82
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$99.86
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 8 min ago; Aevo: 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 HTX live order book, 8 min ago	3.84 bp	24.2 bp −$24	72.7 bp −$727	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Aster ZHIPUUSDT	0.0000%	8h	104.51	+0.076%	$52K	$49K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	104.50	+0.067%	$1K	$1.2M	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	104.57	+0.134%	$119K	$9K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	104.62	+0.182%	$29.3M	$7.6M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.62	+0.182%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	104.62	+0.182%	$23K	$145	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0203%	8h	104.43	0.000%	$76	$266	10x	as long as short
Aevo ZHIPU-PERPshort	+0.0344%	1h	104.51	+0.078%	—	—	10x
Gate ZHIPU_USDT	+0.0380%	8h	104.58	+0.144%	$2.8M	$13.7M	50x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0683%	8h	104.59	+0.153%	$4.8M	$18.5M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDTlong	+0.0723%	4h	104.43	long leg	$19K	$320K	20x
KuCoin ZHIPUUSDTM	+0.0752%	4h	104.55	+0.115%	$41K	$135K	20x	as long as short
Bitget ZHIPUUSDT	+0.0788%	8h	104.54	+0.105%	$1.6M	$4.4M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1252%	1h	104.96	+0.508%	$39K	$19K	5x	as long as short
Binance ZHIPUUSDT	+0.1649%	4h	104.41	−0.017%	$20.8M	$56.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.1771%	8h	104.59	+0.153%	$304K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2331%	4h	104.67	+0.229%	$21K	$147K	10x	as long as short