Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0121%/8h= −13.2% APRpaid last 24h −0.211%

Price spread now: Nado against Binance+0.009%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds 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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	94.895	0.0221	pay 0.0110% / 4h	1h 04m	$22.0M	$55.9M	25x
Short	Nado ZHIPU-PERP	94.904	0.0100	get 0.0012% / 1h	4m 53s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$25.37
Price spread: +0.009% → 0.000%: $0.92
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Nado: 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 Binance live order book, 15 min ago	0.53 bp	9.0 bp −$9	20.6 bp −$206	70.0 bp −$7,003	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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 exchanges

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
Aster ZHIPUUSDT	0.0000%	8h	94.849	−0.049%	$54K	$33K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	94.970	+0.079%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.960	+0.068%	$1K	$394K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.910	+0.015%	$16K	$345K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.790	−0.111%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.860	−0.037%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	94.904	+0.009%	$43K	$12K	3x
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.880	−0.016%	$39K	$306K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.900	+0.005%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.880	−0.016%	—	—	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDTlong	+0.0221%	4h	94.895	long leg	$22.0M	$55.9M	25x
Bybit ZHIPUUSDT	+0.0348%	8h	94.970	+0.079%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0400%	1h	94.879	−0.017%	$26.6M	$6.8M	10x	as long as short
Bitget ZHIPUUSDT	+0.0533%	8h	94.960	+0.068%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0654%	1h	94.880	−0.016%	$32K	$18K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0986%	8h	95.000	+0.110%	$5.1M	$15.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1188%	4h	94.903	+0.008%	$20K	$151K	10x	as long as short