Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1007%/8h= +110.3% APRpaid last 24h +0.177%

Price spread now: Binance against SoDEX+0.031%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 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 +$30 a day on $10k at the current rate, and Binance is 0.031% dearer against SoDEX than usual: you sell high and buy low: +$3 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	SoDEX ZHIPU-USD	94.950	0.0050	pay 0.0006% / 1h	33m 00s	$34K	$3K	10x
Short	Binance ZHIPUUSDT	94.979	0.1057	get 0.0529% / 4h	33m 00s	$22.3M	$58.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $211.56
Price spread: +0.031% → 0.000%: $3.06
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $196.63
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 9 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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.52 bp	13.2 bp −$13	30.3 bp −$303	155.6 bp −$15.6K	doesn't fit

SoDEX: 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	95.090	+0.147%	$1K	$530K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	94.950	long leg	$34K	$3K	10x
Lighter ZHIPU	+0.0072%	1h	95.010	+0.063%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.045	+0.100%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.980	+0.032%	$825	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0205%	8h	95.080	+0.137%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	94.991	+0.043%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0273%	1h	95.220	+0.284%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0580%	1h	94.969	+0.020%	$26.8M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0617%	4h	94.990	+0.042%	$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	+0.0895%	8h	95.061	+0.117%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1008%	4h	95.060	+0.116%	$38K	$112K	20x	as long as short
Binance ZHIPUUSDTshort	+0.1057%	4h	94.979	+0.031%	$22.3M	$58.4M	25x
Bybit ZHIPUUSDT	+0.1364%	8h	94.980	+0.032%	$354K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1544%	8h	95.020	+0.074%	$1.7M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	+0.189%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1905%	8h	95.060	+0.116%	$5.3M	$16.0M	25x	as long as short