Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0972%/8h= +106.4% APRpaid last 24h +0.156%

Price spread now: Binance against Orderly+0.108%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 Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and Binance is 0.108% dearer against Orderly than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	95.020	0.0100	pay 0.0100% / 8h	34m 44s	$826	$798	10x
Short	Binance ZHIPUUSDT	95.122	0.1072	get 0.0536% / 4h	34m 44s	$22.3M	$58.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.108%Rate

Funding earned: $204.04
Price spread: +0.108% → 0.000%: $10.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $198.82
Costs to cover: 0.160%
Break-even: 0.2 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 8 min ago. 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 Binance live order book, 8 min ago	0.52 bp	13.2 bp −$13	30.3 bp −$303	155.6 bp −$15.6K	doesn't fit

Orderly: 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	95.120	+0.105%	$1K	$537K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.020	0.000%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	95.080	+0.063%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.977	−0.045%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	95.020	long leg	$826	$798	10x
Gate ZHIPU_USDT	+0.0207%	8h	95.170	+0.158%	$3.2M	$10.0M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.052	+0.034%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0310%	1h	95.220	+0.210%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0628%	1h	95.134	+0.120%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0646%	4h	95.050	+0.032%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0901%	8h	95.210	+0.200%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1028%	4h	94.980	−0.042%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDTshort	+0.1072%	4h	95.122	+0.108%	$22.3M	$58.3M	25x
Bybit ZHIPUUSDT	+0.1381%	8h	95.110	+0.095%	$356K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1559%	8h	95.190	+0.179%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	+0.115%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1922%	8h	95.180	+0.168%	$5.3M	$16.1M	25x	as long as short