Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.038%

Price spread now: SunX against HTX−0.073%7-day average +0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2732.734% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now −0.073%, 7d avg +0.088%

Together, before fees+0.324%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.161% cheaper against HTX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	95.950	0	get 0.0000% / 4h	3h 39m	$17K	$332K	20x
Short	SunX ZHIPU-USDT	95.880	0	get 0.0000% / 4h	3h 39m	$1K	$851K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.088%: −$16.1
Slippage, 4 orders: −$253.35
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$289.45
Costs to cover: 2.734%
Break-even: never at this rate

Slippage from HTX: live order book, 12 min ago; SunX: live order book, 63 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, 12 min ago	5.74 bp	12.4 bp −$12	29.5 bp −$295	doesn't fit	doesn't fit
Sell SunX live order book, 63 min ago	16.46 bp	147.7 bp −$148	doesn't fit	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-USDTshort	0.0000%	4h	95.880	−0.073%	$1K	$851K	10x
HTX ZHIPU-USDTlong	0.0000%	4h	95.950	long leg	$17K	$332K	20x
Lighter ZHIPU	+0.0032%	1h	96.040	+0.094%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.950	0.000%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0084%	8h	96.050	+0.104%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.974	+0.025%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.970	+0.021%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	95.964	+0.015%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0560%	8h	95.897	−0.055%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0742%	1h	95.810	−0.146%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0932%	4h	96.000	+0.052%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1078%	1h	96.010	+0.063%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1205%	4h	95.970	+0.021%	$22.5M	$63.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1364%	8h	96.110	+0.167%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1553%	8h	95.940	−0.010%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1683%	4h	95.958	+0.009%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1776%	8h	96.190	+0.250%	$5.8M	$17.1M	25x	as long as short