Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against SoDEX+0.010%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 SunX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	96.040	0.0050	pay 0.0006% / 1h	37m 06s	$34K	$3K	10x
Short	SunX ZHIPU-USDT	96.050	0	get 0.0000% / 4h	3h 37m	$1K	$851K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$10.5
Price spread: +0.010% → 0.000%: $1.04
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$25.46
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; SunX: live order book, 65 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 SunX live order book, 65 min ago	16.46 bp	147.7 bp −$148	doesn't fit	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-USDTshort	0.0000%	4h	96.050	+0.010%	$1K	$851K	10x
HTX ZHIPU-USDT	0.0000%	4h	96.080	+0.042%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.100	+0.062%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	96.040	long leg	$34K	$3K	10x
Gate ZHIPU_USDT	+0.0080%	8h	96.110	+0.073%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.082	+0.043%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.040	0.000%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.048	+0.008%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0549%	8h	95.915	−0.130%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0754%	1h	95.810	−0.239%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0910%	4h	96.060	+0.021%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1055%	1h	96.033	−0.007%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1179%	4h	96.036	−0.004%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1361%	8h	96.100	+0.062%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1532%	8h	96.100	+0.062%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1694%	4h	96.110	+0.073%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1771%	8h	96.150	+0.115%	$5.8M	$17.1M	25x	as long as short