Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1238%/8h= −135.6% APRpaid last 24h —

Price spread now: Aevo against KuCoin−0.075%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Aevo is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	96.490	0.1470	pay 0.0735% / 4h	33m 36s	$39K	$124K	20x
Short	Aevo ZHIPU-PERP	96.418	0.0232	get 0.0029% / 1h	33m 36s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now −0.075%Rate

Funding earned: −$259.98
Price spread: −0.075% → 0.000%: −$7.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$295.48
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 40 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 KuCoin live order book, 40 min ago	18.50 bp	54.6 bp −$55	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	96.450	−0.041%	$2K	$843K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.410	−0.083%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.398	−0.095%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.350	−0.145%	$568	$798	10x	as long as short
Aevo ZHIPU-PERPshort	+0.0232%	1h	96.418	−0.075%	—	—	10x
Gate ZHIPU_USDT	+0.0277%	8h	96.680	+0.197%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0388%	1h	95.990	−0.518%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0624%	1h	96.590	+0.104%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.430	−0.062%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	96.390	−0.104%	$18K	$327K	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	+0.1040%	1h	96.500	+0.010%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.1470%	4h	96.490	long leg	$39K	$124K	20x
Bitget ZHIPUUSDT	+0.1499%	8h	96.620	+0.135%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1832%	8h	96.740	+0.259%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2070%	4h	96.480	−0.010%	$22.5M	$60.5M	25x	as long as short
Bybit ZHIPUUSDT	+0.2345%	8h	96.560	+0.073%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2474%	4h	96.159	−0.343%	$19K	$150K	10x	as long as short