Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1838%/8h= −201.3% APRpaid last 24h −0.320%

Price spread now: Nado against edgeX−0.703%62s7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$55 a day on $10k at the current rate, and Nado is 0.703% cheaper against edgeX than usual: you would sell low and buy high (−$70 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZHIPUUSDC	95.365	0.1938	pay 0.0969% / 4h	1h 17m	$20K	$154K	10x
Short	Nado ZHIPU-PERP	94.694	0.0100	get 0.0012% / 1h	17m 44s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.703%Rate

Funding earned: −$385.98
Price spread: −0.703% → 0.000%: −$70.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$472.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 24 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 edgeX live order book, 24 min ago	5.75 bp	21.1 bp −$21	doesn't fit	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	95.060	−0.320%	$2K	$769K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.940	−0.445%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	94.694	−0.703%	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.920	−0.466%	$825	$1K	10x	as long as short
Lighter ZHIPU	+0.0104%	1h	95.180	−0.194%	$100K	$17K	10x	as long as short
Gate ZHIPU_USDT	+0.0184%	8h	95.240	−0.131%	$3.2M	$11.9M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	94.962	−0.423%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0558%	1h	94.810	−0.582%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	94.990	−0.393%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0914%	8h	94.970	−0.414%	$53K	$53K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0935%	1h	95.100	−0.278%	$26.8M	$7.7M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0994%	4h	94.970	−0.414%	$38K	$119K	20x	as long as short
Binance ZHIPUUSDT	+0.1090%	4h	95.180	−0.194%	$22.4M	$66.2M	25x	as long as short
Bybit ZHIPUUSDT	+0.1475%	8h	95.220	−0.152%	$357K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1617%	8h	95.230	−0.141%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDClong	+0.1938%	4h	95.365	long leg	$20K	$154K	10x
OKX ZHIPU-USDT-SWAP	+0.1986%	8h	95.250	−0.120%	$5.4M	$18.4M	25x	as long as short