Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2147%/8h= +235.0% APRpaid last 24h +0.267%

Price spread now: edgeX against Orderly+0.533%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$64 a day on $10k at the current rate, and edgeX is 0.533% dearer against Orderly than usual: you sell high and buy low: +$53 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	100.09	0.0100	pay 0.0100% / 8h	5h 50m	$52	$266	10x
Short	edgeX ZHIPUUSDC	100.62	0.2247	get 0.1123% / 4h	1h 50m	$20K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.533%Rate

Funding earned: $450.77
Price spread: +0.533% → 0.000%: $53.29
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $489.07
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 10 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 edgeX live order book, 10 min ago	12.88 bp	42.3 bp −$42	doesn't fit	doesn't fit	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	100.27	+0.180%	$1K	$986K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.40	+0.308%	$51K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.11	+0.020%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.234%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	100.09	long leg	$52	$266	10x
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	+0.080%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.25	+0.160%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0691%	1h	100.72	+0.629%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0831%	8h	100.06	−0.030%	$2.0M	$3.8M	20x	as long as short
HTX ZHIPU-USDT	+0.0835%	4h	100.05	−0.040%	$18K	$307K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0898%	4h	100.19	+0.100%	$40K	$124K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.16	+0.070%	$5.3M	$16.0M	25x	as long as short
Lighter ZHIPU	+0.1096%	1h	100.14	+0.050%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1724%	1h	100.00	−0.090%	$27.6M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	99.978	−0.112%	$22.1M	$56.2M	25x	as long as short
edgeX ZHIPUUSDCshort	+0.2247%	4h	100.62	+0.533%	$20K	$154K	10x
Bybit ZHIPUUSDT	+0.2516%	8h	100.10	+0.010%	$372K	$1.3M	25x	as long as short