Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%

Price spread now: Orderly against SoDEX+0.021%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 Orderly

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 +$2 a day on $10k at the current rate, and Orderly is 0.021% dearer against SoDEX than usual: you sell high and buy low: +$2 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	96.130	0.0050	pay 0.0006% / 1h	34m 58s	$34K	$3K	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	96.150	0.0100	get 0.0100% / 8h	4h 34m	$567	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.021%Rate

Funding earned: $10.5
Price spread: +0.021% → 0.000%: $2.08
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$1.42
Costs to cover: 0.140%
Break-even: 7.9 days

Slippage unknown: SoDEX: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

SoDEX and 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	96.220	+0.094%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	96.130	long leg	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.176	+0.048%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	96.150	+0.021%	$567	$798	10x
Aevo ZHIPU-PERP	+0.0240%	1h	96.206	+0.079%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.270	+0.146%	$3.0M	$11.4M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0435%	1h	95.990	−0.146%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0696%	1h	96.250	+0.125%	$101K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.356	+0.235%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0881%	4h	96.110	−0.021%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1075%	1h	96.246	+0.121%	$27.1M	$7.1M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1480%	4h	96.150	+0.021%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1503%	8h	96.410	+0.291%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1828%	8h	96.530	+0.416%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2114%	4h	96.254	+0.129%	$22.5M	$60.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.2396%	8h	96.350	+0.229%	$292K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.548%	$19K	$150K	10x	as long as short