Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.300%

Price spread now: edgeX against OKX+0.600%71s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.638% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.504%+$50 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now +0.600%, 7d avg +0.044%

Together, before fees−0.033%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.556% dearer against OKX than usual: you sell high and buy low (spread +0.600% now, against its 7-day average of +0.044%): +$56 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.504%, so the current rate has only just turned against you. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	96.230	0.1890	pay 0.1890% / 8h	2h 08m	$5.6M	$18.6M	25x
Short	edgeX ZHIPUUSDC	96.808	0.1877	get 0.0938% / 4h	2h 08m	$21K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.600%Rate

Funding earned: −$2.7
Price spread: +0.600% → +0.044%: $55.64
Slippage, 4 orders: −$44.85
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.91
Costs to cover: 0.638%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; edgeX: live order book, 38 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 OKX live order book, 5 min ago	1.55 bp	13.8 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	6.35 bp	13.3 bp −$13	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	96.500	+0.281%	$1K	$850K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.150	−0.083%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.891	−0.352%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.160	−0.073%	$835	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0107%	8h	96.330	+0.104%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.191	−0.040%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.120	−0.114%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0734%	4h	96.230	0.000%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0761%	8h	96.329	+0.103%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0858%	1h	96.790	+0.582%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0931%	4h	96.200	−0.031%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.1000%	4h	96.100	−0.135%	$22.8M	$69.0M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1266%	1h	96.085	−0.151%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1434%	8h	96.240	+0.010%	$358K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1482%	8h	96.160	−0.073%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDCshort	+0.1877%	4h	96.808	+0.600%	$21K	$153K	10x
OKX ZHIPU-USDT-SWAPlong	+0.1890%	8h	96.230	long leg	$5.6M	$18.6M	25x