Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h +0.182%

Price spread now: tradeXYZ against HTX−0.078%7-day average +0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$607as in the Funding arb table

Net, price: spread back to 7d avg − costs−$689as in the Price arb table

costs, in and out, $10k−$6686.684% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.617%+$62 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.078%, 7d avg +0.130%

Together, before fees+0.725%+ Points / potential airdroptradeXYZ: Active · farm board+$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and tradeXYZ is 0.208% cheaper against HTX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.130%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.617%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	95.180	0.0587	pay 0.0294% / 4h	31m 24s	$20K	$350K	20x
Short	tradeXYZ xyz:ZHIPU	95.106	0.0542	get 0.0068% / 1h	31m 24s	$26.9M	$7.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$9.55
Price spread: −0.078% → +0.130%: −$20.8
Slippage, 4 orders: −$638.43
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$698.78
Costs to cover: 6.684%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; tradeXYZ: live order book, 8 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, 6 min ago	44.67 bp	300.0 bp −$300	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	1.10 bp	14.1 bp −$14	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-USDT	0.0000%	4h	95.090	−0.095%	$1K	$508K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.130	−0.053%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0056%	1h	95.190	+0.011%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.108	−0.076%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.110	−0.074%	$826	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0201%	8h	95.200	+0.021%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	95.156	−0.026%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0240%	1h	94.950	−0.242%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.0542%	1h	95.106	−0.078%	$26.9M	$7.3M	10x
HTX ZHIPU-USDTlong	+0.0587%	4h	95.180	long leg	$20K	$350K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0889%	8h	95.144	−0.038%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0988%	4h	95.170	−0.011%	$38K	$112K	20x	as long as short
Binance ZHIPUUSDT	+0.1038%	4h	95.132	−0.051%	$22.3M	$58.0M	25x	as long as short
Bybit ZHIPUUSDT	+0.1349%	8h	95.120	−0.063%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1529%	8h	95.160	−0.021%	$1.7M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1900%	8h	95.220	+0.042%	$5.3M	$16.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2060%	4h	94.985	−0.205%	$20K	$154K	10x	as long as short