Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.008%

Price spread now: Nado against HTX+0.131%7-day average — · you sell dearer than you buy

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

Long on HTX 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.131% dearer against HTX than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	104.84	0	get 0.0000% / 4h	1h 48m	$19K	$315K	20x
Short	Nado ZHIPU-PERP	104.98	0.0100	get 0.0012% / 1h	48m 20s	$23K	$145	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now +0.131%Rate

Funding earned: $21
Price spread: +0.131% → 0.000%: $13.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $15.08
Costs to cover: 0.190%
Break-even: 2.0 days

Slippage unknown: HTX: live order book, 34 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 HTX live order book, 34 min ago	2.87 bp	31.9 bp −$32	66.9 bp −$669	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	104.82	−0.020%	$54K	$51K	20x	as long as short
Binance ZHIPUUSDT	0.0000%	4h	104.85	+0.010%	$20.8M	$56.9M	25x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	104.95	+0.105%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	104.84	long leg	$19K	$315K	20x
Lighter ZHIPU	+0.0032%	1h	104.95	+0.105%	$119K	$9K	10x	as long as short
Gate ZHIPU_USDT	+0.0032%	8h	104.99	+0.143%	$2.8M	$13.6M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.89	+0.048%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	104.98	+0.131%	$23K	$145	3x
KuCoin ZHIPUUSDTM	+0.0100%	4h	104.92	+0.076%	$41K	$134K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	104.86	+0.015%	—	—	10x	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	+0.0112%	1h	104.97	+0.124%	$29.3M	$7.6M	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0203%	8h	104.84	0.000%	$76	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0207%	8h	104.98	+0.134%	$4.8M	$18.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.0294%	8h	104.95	+0.105%	$1.7M	$4.4M	20x	as long as short
Bybit ZHIPUUSDT	+0.0456%	8h	105.01	+0.162%	$303K	$1.3M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0467%	1h	104.90	+0.057%	$40K	$19K	5x	as long as short
edgeX ZHIPUUSDC	+0.0479%	4h	104.96	+0.110%	$21K	$149K	10x	as long as short