Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2466%/8h= +270.0% APRpaid last 24h +0.089%

Price spread now: Bybit against SoDEX+0.060%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 Bybit

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 +$74 a day on $10k at the current rate, and Bybit is 0.060% dearer against SoDEX than usual: you sell high and buy low: +$6 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	100.11	0.0050	pay 0.0006% / 1h	50m 55s	$36K	$3K	10x
Short	Bybit ZHIPUUSDT	100.17	0.2516	get 0.2516% / 8h	5h 50m	$372K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.060%Rate

Funding earned: $517.76
Price spread: +0.060% → 0.000%: $5.99
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $504.76
Costs to cover: 0.190%
Break-even: 0.2 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	4.47 bp	32.8 bp −$33	68.2 bp −$682	doesn't fit	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	100.27	+0.160%	$1K	$986K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.30	+0.186%	$51K	$54K	20x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	100.11	long leg	$36K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.254%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.09	−0.020%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	+0.060%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.19	+0.080%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0691%	1h	100.72	+0.609%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0831%	8h	100.17	+0.060%	$2.0M	$3.8M	20x	as long as short
HTX ZHIPU-USDT	+0.0835%	4h	100.05	−0.060%	$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	100.08	−0.030%	$40K	$124K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.24	+0.130%	$5.3M	$16.1M	25x	as long as short
Lighter ZHIPU	+0.1096%	1h	100.14	+0.030%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1731%	1h	100.06	−0.050%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	99.966	−0.144%	$22.1M	$56.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.513%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDTshort	+0.2516%	8h	100.17	+0.060%	$372K	$1.3M	25x