Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.036%

Price spread now: SunX against Orderly−0.125%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 SunX

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.125% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ZHIPU_USDC_mythos	95.870	0.0100	pay 0.0100% / 8h	4h 10m	$565	$798	10x
Short	SunX ZHIPU-USDT	95.750	0	get 0.0000% / 4h	10m 58s	$1K	$850K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.125%Rate

Funding earned: −$21
Price spread: −0.125% → 0.000%: −$12.52
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$47.52
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; SunX: live order book, 32 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 SunX live order book, 32 min ago	16.46 bp	147.7 bp −$148	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-USDTshort	0.0000%	4h	95.750	−0.125%	$1K	$850K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	95.880	+0.010%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.923	+0.056%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	95.870	long leg	$565	$798	10x
Ondo Perps ZHIPU-USD.P	+0.0131%	1h	95.780	−0.094%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDT	+0.0164%	8h	95.970	+0.104%	$3.0M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.918	+0.050%	—	—	10x	as long as short
Lighter ZHIPU	+0.0232%	1h	95.940	+0.073%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0501%	4h	95.930	+0.063%	$17K	$332K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0640%	1h	95.938	+0.071%	$26.9M	$7.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0652%	8h	96.067	+0.206%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1146%	4h	95.950	+0.083%	$39K	$125K	20x	as long as short
Bitget ZHIPUUSDT	+0.1412%	8h	95.980	+0.115%	$1.9M	$3.9M	20x	as long as short
Binance ZHIPUUSDT	+0.1607%	4h	95.830	−0.042%	$22.5M	$62.2M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1822%	8h	96.020	+0.156%	$5.8M	$16.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.1836%	8h	95.940	+0.073%	$275K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2384%	4h	96.007	+0.143%	$19K	$151K	10x	as long as short