Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1324%/8h= +145.0% APRpaid last 24h +0.036%

Price spread now: KuCoin against Orderly−0.159%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on KuCoin

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

Funding pays, the price is against you. KuCoin is 0.159% cheaper against Orderly than usual: you would sell low and buy high (spread −0.159% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 10 hours of funding at the current rate (+$40 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	100.58	0.0100	pay 0.0100% / 8h	5h 23m	$52	$266	10x
Short	KuCoin ZHIPUUSDTM	100.42	0.1424	get 0.0712% / 4h	1h 23m	$40K	$121K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.159%Rate

Funding earned: $278.04
Price spread: −0.159% → 0.000%: −$15.91
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $244.13
Costs to cover: 0.180%
Break-even: 0.9 days

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 66 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 KuCoin live order book, 66 min ago	18.91 bp	77.2 bp −$77	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	100.95	+0.368%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	100.15	−0.429%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	100.58	long leg	$52	$266	10x
Aevo ZHIPU-PERP	+0.0104%	1h	100.67	+0.089%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0110%	1h	100.64	+0.060%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0447%	8h	100.17	−0.411%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0478%	8h	100.68	+0.099%	$3.3M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1227%	8h	100.56	−0.020%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1249%	4h	100.63	+0.050%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1315%	1h	100.39	−0.189%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1405%	8h	100.66	+0.080%	$5.5M	$15.7M	25x	as long as short
KuCoin ZHIPUUSDTMshort	+0.1424%	4h	100.42	−0.159%	$40K	$121K	20x
Lighter ZHIPU	+0.1504%	1h	100.42	−0.159%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2077%	1h	100.52	−0.060%	$28.4M	$6.7M	10x	as long as short
Binance ZHIPUUSDT	+0.2259%	4h	100.55	−0.030%	$23.5M	$57.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.2499%	4h	100.22	−0.360%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2989%	8h	100.82	+0.239%	$373K	$1.3M	25x	as long as short