Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1278%/8h= −139.9% APRpaid last 24h −0.022%

Price spread now: Nado against Bitget+0.064%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. Nado is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	99.230	0.1378	pay 0.1378% / 8h	5h 06m	$2.0M	$3.7M	20x
Short	Nado ZHIPU-PERP	99.294	0.0100	get 0.0012% / 1h	6m 04s	$27K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.064%Rate

Funding earned: −$268.38
Price spread: +0.064% → 0.000%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$280.97
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.52 bp	27.0 bp −$27	50.2 bp −$502	doesn't fit	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 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	99.390	+0.161%	$2K	$863K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	99.240	+0.010%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	99.294	+0.064%	$27K	$3K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.310	+0.081%	$585	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0136%	1h	99.267	+0.037%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0464%	8h	99.330	+0.101%	$3.2M	$11.2M	50x	as long as short
Aster ZHIPUUSDT	+0.0595%	8h	99.253	+0.024%	$51K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1197%	1h	99.070	−0.161%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1201%	4h	98.920	−0.312%	$18K	$323K	20x	as long as short
Bitget ZHIPUUSDTlong	+0.1378%	8h	99.230	long leg	$2.0M	$3.7M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.1424%	1h	99.390	+0.161%	$105K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1562%	4h	99.250	+0.020%	$40K	$122K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1574%	8h	99.150	−0.081%	$5.4M	$15.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1842%	1h	99.174	−0.056%	$27.9M	$6.7M	10x	as long as short
Binance ZHIPUUSDT	+0.2318%	4h	99.132	−0.099%	$23.0M	$58.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.2864%	8h	99.200	−0.030%	$366K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.3177%	4h	98.802	−0.431%	$19K	$150K	10x	as long as short