Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h —

Price spread now: Aevo against Orderly+0.009%7-day average — · you sell dearer than you buy

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	105.76	0.0143	pay 0.0143% / 8h	7h 22m	$54	$266	10x
Short	Aevo ZHIPU-PERP	105.77	0.0104	get 0.0013% / 1h	22m 35s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Orderly. 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 OrderlybpFee AevobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$8.13
Price spread: +0.009% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$29.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Orderly and 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
Aster ZHIPUUSDT	0.0000%	8h	105.59	−0.157%	$54K	$51K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.88	+0.113%	$2.9M	$13.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.90	+0.132%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.75	−0.009%	$19K	$314K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	105.80	+0.038%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.76	0.000%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.88	+0.110%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.80	+0.038%	$42K	$128K	20x	as long as short
Aevo ZHIPU-PERPshort	+0.0104%	1h	105.77	+0.009%	—	—	10x
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0143%	8h	105.76	long leg	$54	$266	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0154%	8h	106.01	+0.236%	$5.1M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0171%	8h	105.84	+0.076%	$1.8M	$4.6M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0410%	1h	105.87	+0.104%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0519%	4h	105.79	+0.026%	$21.2M	$56.8M	25x	as long as short
Bybit ZHIPUUSDT	+0.0742%	8h	105.93	+0.161%	$431K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1020%	4h	105.86	+0.094%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1042%	1h	105.97	+0.199%	$37K	$22K	5x	as long as short