Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0212%/8h= +23.3% APRpaid last 24h −0.156%

Price spread now: OKX against tradeXYZ+0.266%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.426%−$43 on $10k

Price spread, last 7 days−0.275%−$28 · spread now +0.266%, 7d avg −0.018%

Together, before fees−0.702%+ Points / potential airdroptradeXYZ: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and OKX is 0.284% dearer against tradeXYZ than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.426%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	97.730	0.1419	pay 0.0177% / 1h	58m 58s	$27.3M	$6.9M	10x
Short	OKX ZHIPU-USDT-SWAP	97.990	0.1631	get 0.1631% / 8h	4h 58m	$5.5M	$15.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.266%Rate

Funding earned: $44.6
Price spread: +0.266% → −0.018%: $28.42
Slippage, 4 orders: −$27.36
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.66
Costs to cover: 0.554%
Break-even: 4.2 days

Slippage from tradeXYZ: live order book, 10 min ago; OKX: live order book, 4 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, 10 min ago	2.43 bp	13.8 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.02 bp	13.7 bp −$14	43.1 bp −$431	doesn't fit	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	97.920	+0.194%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	97.670	−0.061%	$35K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	97.970	+0.246%	$37K	$21K	5x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	97.477	−0.258%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	97.660	−0.072%	$576	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0152%	1h	97.742	+0.012%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0383%	8h	97.850	+0.123%	$3.0M	$11.0M	50x	as long as short
Aster ZHIPUUSDT	+0.0605%	8h	97.799	+0.071%	$50K	$52K	20x	as long as short
HTX ZHIPU-USDT	+0.1090%	4h	97.770	+0.041%	$18K	$324K	20x	as long as short
Lighter ZHIPU	+0.1256%	1h	97.730	0.000%	$103K	$20K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1386%	8h	97.880	+0.153%	$1.9M	$3.8M	20x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.1419%	1h	97.730	long leg	$27.3M	$6.9M	10x
KuCoin ZHIPUUSDTM	+0.1524%	4h	97.530	−0.205%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.1631%	8h	97.990	+0.266%	$5.5M	$15.8M	25x
Binance ZHIPUUSDT	+0.2233%	4h	97.758	+0.029%	$22.6M	$58.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.2736%	8h	97.900	+0.174%	$364K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2809%	4h	98.298	+0.581%	$19K	$151K	10x	as long as short