Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.1615%/8h= +176.8% APRnext payment +$8.07 per $10,000 · paid last 24h +0.240%
Price spread now: edgeX against KuCoin+0.902%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$316as in the Funding arb table
Net, price: spread back to 7d avg − costs−$298as in the Price arb table
costs, in and out, $10k−$3803.803% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.645%+$64 on $10k
Price spread, last 4 days (all we have)−0.925%−$93 · spread now +0.902%, 7d avg +0.084%
Together, before fees−0.280%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$48 a day on $10k at the current rate, and edgeX is 0.818% dearer against KuCoin than usual: you sell high and buy low: +$82 more if the spread goes back to its 7-day average of +0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.645% in total (about 33.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ZHIPUUSDTM102.010.0592pay 0.0296% / 4h2h 13m$41K$124K20x
ShortedgeX ZHIPUUSDC102.930.2207get 0.1103% / 4h2h 13m$20K$154K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$339.07
Price spread: +0.902% → +0.084%
$81.83
Slippage, 4 orders
−$359.32
Fee KuCoin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$40.58
Costs to cover
3.803%
Break-even
6.2 days
Slippage from KuCoin: live order book, 16 min ago; edgeX: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 16 min ago18.91 bp117.2 bp −$117doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 53 min ago11.27 bp91.6 bp −$92doesn't fitdoesn't fitdoesn't fit

ZHIPU on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZHIPUUSDT0.0000%8h101.99−0.020%$52K$52K20xas long as short
SunX ZHIPU-USDT0.0000%4h102.23+0.216%$1K$1.0M10xas long as short
SoDEX ZHIPU-USD+0.0050%1h102.03+0.020%$36K$3K10xas long as short
Nado ZHIPU-PERP+0.0100%1h101.83−0.173%$26K$2K3xas long as short
Aevo ZHIPU-PERP+0.0104%1h102.07+0.059%10xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0112%8h101.99−0.020%$53$26610xas long as short
Gate ZHIPU_USDT+0.0224%8h102.31+0.294%$3.0M$11.7M50xas long as short
Bitget ZHIPUUSDT+0.0549%8h102.15+0.137%$2.0M$3.8M20xas long as short
Lighter ZHIPU+0.0568%1h101.97−0.039%$108K$20K10xas long as short
KuCoin ZHIPUUSDTMlong+0.0592%4h102.01long leg$41K$124K20x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ZHIPU-USDT-SWAP+0.0606%8h102.25+0.235%$5.2M$16.3M25xas long as short
HTX ZHIPU-USDT+0.0629%4h102.03+0.020%$18K$307K20xas long as short
Binance ZHIPUUSDT+0.1439%4h102.08+0.066%$21.6M$55.4M25xas long as short
Ondo Perps ZHIPU-USD.P+0.1531%1h102.42+0.402%$37K$20K5xas long as short
tradeXYZ xyz:ZHIPU+0.1605%1h102.26+0.245%$28.2M$6.1M10xas long as short
Bybit ZHIPUUSDT+0.2123%8h102.11+0.098%$383K$1.3M25xas long as short
edgeX ZHIPUUSDCshort+0.2207%4h102.93+0.902%$20K$154K10x