Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.036%

Price spread now: Orderly against SunX−0.441%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.441% cheaper against SunX than usual: you would sell low and buy high (spread −0.441% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 15 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	95.240	0	get 0.0000% / 4h	7m 42s	$2K	$446K	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	94.820	0.0100	get 0.0100% / 8h	7m 42s	$824	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now −0.441%Rate

Funding earned: $21
Price spread: −0.441% → 0.000%: −$44.1
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$37.1
Costs to cover: 0.140%
Break-even: 19.4 days

Slippage unknown: SunX: live order book, 65 min ago; 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 SunX live order book, 65 min ago	31.12 bp	109.3 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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-USDTlong	0.0000%	4h	95.240	long leg	$2K	$446K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	94.830	−0.430%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.657	−0.612%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	94.820	−0.441%	$824	$798	10x
Lighter ZHIPU	+0.0104%	1h	94.840	−0.420%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.860	−0.399%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0194%	8h	94.900	−0.357%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0269%	1h	95.310	+0.073%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDT	+0.0483%	4h	94.820	−0.441%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0538%	1h	94.767	−0.497%	$26.8M	$7.1M	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	+0.0835%	8h	94.784	−0.479%	$53K	$40K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0970%	4h	94.790	−0.472%	$38K	$133K	20x	as long as short
Binance ZHIPUUSDT	+0.0970%	4h	94.795	−0.467%	$22.3M	$55.8M	25x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	−0.142%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1272%	8h	94.850	−0.409%	$354K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1457%	8h	94.860	−0.399%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1821%	8h	94.910	−0.346%	$5.2M	$15.4M	25x	as long as short