Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.2052%/8h= −224.7% APRpaid last 24h −0.072%

Price spread now: Nado against Bybit−0.050%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$62 a day on $10k at the current rate, and Nado is 0.050% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	106.30	0.2152	pay 0.2152% / 8h	7h 01m	$405K	$1.4M	25x
Short	Nado ZHIPU-PERP	106.25	0.0100	get 0.0012% / 1h	1m 13s	$23K	$20	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.050%Rate

Funding earned: −$431.01
Price spread: −0.050% → 0.000%: −$5.01
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$454.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.28 bp	41.9 bp −$42	221.9 bp −$2,219	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
Aster ZHIPUUSDT	0.0000%	8h	105.90	−0.377%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.28	−0.019%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0026%	8h	106.29	−0.009%	$2.9M	$13.2M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.12	−0.169%	$38K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	106.30	0.000%	$112K	$21K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	106.25	−0.050%	$23K	$20	3x
Aevo ZHIPU-PERP	+0.0104%	1h	106.19	−0.105%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.17	−0.122%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0236%	4h	106.26	−0.038%	$41K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0287%	8h	106.39	+0.085%	$5.1M	$18.8M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0316%	8h	106.22	−0.075%	$1.8M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0788%	4h	106.13	−0.160%	$19K	$315K	20x	as long as short
Binance ZHIPUUSDT	+0.0938%	4h	106.16	−0.135%	$21.3M	$57.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0958%	1h	106.25	−0.047%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1586%	1h	106.34	+0.038%	$37K	$22K	5x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.079%	$21K	$151K	10x	as long as short
Bybit ZHIPUUSDTlong	+0.2152%	8h	106.30	long leg	$405K	$1.4M	25x