Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1639%/8h= −179.5% APRpaid last 24h −0.170%

Price spread now: Orderly against tradeXYZ+0.061%7-day average — · you sell dearer than you buy

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

Long on tradeXYZ 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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.061% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$49 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:ZHIPU	98.170	0.1739	pay 0.0217% / 1h	0m 18s	$27.5M	$6.8M	10x
Short	Orderly PERP_ZHIPU_USDC_mythos	98.230	0.0100	get 0.0100% / 8h	5h 00m	$579	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.061%Rate

Funding earned: −$344.21
Price spread: +0.061% → 0.000%: $6.11
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$362.1
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 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 tradeXYZ live order book, 9 min ago	2.43 bp	13.8 bp −$14	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-USDT	0.0000%	4h	98.520	+0.357%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.250	+0.081%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.020	−0.153%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	98.230	+0.061%	$579	$798	10x
Aevo ZHIPU-PERP	+0.0152%	1h	98.273	+0.105%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0424%	8h	98.370	+0.204%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0593%	8h	98.329	+0.161%	$51K	$52K	20x	as long as short
HTX ZHIPU-USDT	+0.1102%	4h	98.220	+0.051%	$18K	$324K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1102%	1h	98.230	+0.061%	$37K	$21K	5x	as long as short
Lighter ZHIPU	+0.1336%	1h	98.320	+0.153%	$104K	$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	+0.1381%	8h	98.450	+0.285%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1538%	4h	98.120	−0.051%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1615%	8h	98.450	+0.285%	$5.5M	$15.8M	25x	as long as short
tradeXYZ xyz:ZHIPUlong	+0.1739%	1h	98.170	long leg	$27.5M	$6.8M	10x
Binance ZHIPUUSDT	+0.2228%	4h	98.300	+0.132%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2772%	8h	98.410	+0.244%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.797%	$19K	$150K	10x	as long as short