Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.028%

Price spread now: OKX against HTX+0.171%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 3 days (all we have)−0.213%−$21 · spread now +0.171%, 7d avg +0.090%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.081% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	105.53	0	get 0.0000% / 4h	3h 45m	$19K	$314K	20x
Short	OKX ZHIPU-USDT-SWAP	105.71	0.0160	get 0.0160% / 8h	7h 45m	$5.0M	$18.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.171%Rate

Funding earned: $33.5
Price spread: +0.171% → +0.090%: $8.08
Slippage, 4 orders: −$22.99
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.41
Costs to cover: 0.450%
Break-even: 7.7 days

Slippage from HTX: live order book, 27 min ago; OKX: live order book, 3 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 HTX live order book, 27 min ago	3.31 bp	14.1 bp −$14	23.2 bp −$232	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.95 bp	9.3 bp −$9	50.1 bp −$501	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
Aster ZHIPUUSDT	0.0000%	8h	105.42	−0.104%	$54K	$51K	20x	as long as short
Bybit ZHIPUUSDT	0.0000%	8h	105.69	+0.152%	$299K	$1.3M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.68	+0.142%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.69	+0.152%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	105.53	long leg	$19K	$314K	20x
Lighter ZHIPU	+0.0032%	1h	105.67	+0.133%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.56	+0.028%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.65	+0.110%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.59	+0.057%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.56	+0.024%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0148%	8h	105.53	0.000%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.0160%	8h	105.71	+0.171%	$5.0M	$18.6M	25x
Bitget ZHIPUUSDT	+0.0228%	8h	105.64	+0.104%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0332%	1h	105.64	+0.104%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0554%	4h	105.56	+0.025%	$21.1M	$57.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.62	+0.085%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0997%	1h	105.65	+0.114%	$37K	$22K	5x	as long as short