Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0742%/8h= −81.2% APRpaid last 24h −0.209%

Price spread now: Gate against tradeXYZ+0.075%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$640.642% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.402%−$40 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.075%, 7d avg −0.016%

Together, before fees−0.426%+ Points / potential airdroptradeXYZ: Active · farm board−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.091% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of −0.016%): +$9 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.402% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.402% in total (about -21.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	95.448	0.0925	pay 0.0116% / 1h	24m 02s	$26.9M	$7.6M	10x
Short	Gate ZHIPU_USDT	95.520	0.0183	get 0.0183% / 8h	1h 24m	$3.2M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.075%Rate

Funding earned: −$155.8
Price spread: +0.075% → −0.016%: $9.09
Slippage, 4 orders: −$31.24
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$210.95
Costs to cover: 0.642%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Gate: live order book, 5 min ago.

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 tradeXYZ live order book, 5 min ago	0.84 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.29 bp	16.8 bp −$17	56.1 bp −$561	87.7 bp −$8,768	doesn't fit

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	95.590	+0.149%	$2K	$770K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.440	−0.008%	$100K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.400	−0.050%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.172	−0.289%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.410	−0.040%	$829	$1K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0183%	8h	95.520	+0.075%	$3.2M	$11.9M	50x
Aevo ZHIPU-PERP	+0.0240%	1h	95.407	−0.043%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0540%	1h	95.050	−0.417%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0870%	4h	95.400	−0.050%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0902%	8h	95.440	−0.008%	$53K	$53K	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:ZHIPUlong	+0.0925%	1h	95.448	long leg	$26.9M	$7.6M	10x
KuCoin ZHIPUUSDTM	+0.0956%	4h	95.380	−0.071%	$38K	$119K	20x	as long as short
Binance ZHIPUUSDT	+0.1071%	4h	95.400	−0.050%	$22.5M	$66.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1195%	4h	95.139	−0.324%	$20K	$153K	10x	as long as short
Bybit ZHIPUUSDT	+0.1483%	8h	95.390	−0.061%	$357K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1603%	8h	95.540	+0.096%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1976%	8h	95.470	+0.023%	$5.4M	$18.5M	25x	as long as short