Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.020%

Price spread now: Bitget against KuCoin+0.150%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$230as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2422.418% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.150%, 7d avg +0.013%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.137% dearer against KuCoin than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.013%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.118%, 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	KuCoin ZHIPUUSDTM	100.08	0.0916	pay 0.0458% / 4h	1h 50m	$40K	$124K	20x
Short	Bitget ZHIPUUSDT	100.23	0.0841	get 0.0841% / 8h	5h 50m	$2.0M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$15.75
Price spread: +0.150% → +0.013%: $13.71
Slippage, 4 orders: −$217.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$243.82
Costs to cover: 2.418%
Break-even: never at this rate

Slippage from KuCoin: live order book, 38 min ago; Bitget: live order book, 2 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 KuCoin live order book, 38 min ago	18.91 bp	117.2 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.96 bp	24.1 bp −$24	84.9 bp −$849	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	100.27	+0.190%	$1K	$986K	10x	as long as short
Aster ZHIPUUSDT	+0.0033%	8h	100.22	+0.137%	$51K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.11	+0.030%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.224%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.09	+0.010%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	+0.090%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0259%	8h	100.21	+0.130%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0742%	1h	100.72	+0.639%	$36K	$18K	5x	as long as short
HTX ZHIPU-USDT	+0.0835%	4h	100.05	−0.030%	$18K	$307K	20x	as long as short
Bitget ZHIPUUSDTshort	+0.0841%	8h	100.23	+0.150%	$2.0M	$3.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTMlong	+0.0916%	4h	100.08	long leg	$40K	$124K	20x
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.25	+0.170%	$5.3M	$16.0M	25x	as long as short
Lighter ZHIPU	+0.1096%	1h	100.15	+0.070%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1731%	1h	100.06	−0.020%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1763%	4h	100.01	−0.065%	$22.2M	$56.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.543%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2531%	8h	100.11	+0.030%	$375K	$1.3M	25x	as long as short