Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.006%

Price spread now: Nado against Gate−0.054%7-day average — · you buy dearer than you sell

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

Long on Gate 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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.054% cheaper against Gate 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	Gate ZHIPU_USDT	94.570	0.0180	pay 0.0180% / 8h	7h 43m	$3.2M	$9.9M	50x
Short	Nado ZHIPU-PERP	94.519	0.0100	get 0.0012% / 1h	43m 10s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.054%Rate

Funding earned: −$16.8
Price spread: −0.054% → 0.000%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	2.11 bp	13.5 bp −$13	43.7 bp −$437	81.8 bp −$8,182	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	94.760	+0.201%	$1K	$406K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.500	−0.074%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	94.519	−0.054%	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.560	−0.011%	$822	$798	10x	as long as short
Gate ZHIPU_USDTlong	+0.0180%	8h	94.570	long leg	$3.2M	$9.9M	50x
Aevo ZHIPU-PERP	+0.0232%	1h	94.554	−0.017%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0749%	8h	94.510	−0.063%	$53K	$33K	20x	as long as short
Lighter ZHIPU	+0.0952%	1h	94.730	+0.169%	$100K	$16K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1140%	4h	94.560	−0.011%	$38K	$155K	20x	as long as short
Binance ZHIPUUSDT	+0.1196%	4h	94.550	−0.021%	$22.1M	$55.1M	25x	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	+0.1465%	1h	94.496	−0.078%	$26.7M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.1523%	8h	94.590	+0.021%	$1.6M	$3.8M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1558%	1h	94.700	+0.137%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1789%	4h	94.540	−0.032%	$20K	$337K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1883%	8h	94.630	+0.063%	$5.2M	$14.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.2132%	4h	94.774	+0.215%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.2538%	8h	94.590	+0.021%	$357K	$1.2M	25x	as long as short