Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0370%/8h= −40.5% APRpaid last 24h −0.043%

Price spread now: Nado against KuCoin+0.053%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 0.053% dearer against KuCoin than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ZHIPUUSDTM	106.34	0.0470	pay 0.0235% / 4h	2h 35m	$43K	$128K	20x
Short	Nado ZHIPU-PERP	106.40	0.0100	get 0.0012% / 1h	35m 12s	$23K	$20	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.053%Rate

Funding earned: −$77.7
Price spread: +0.053% → 0.000%: $5.29
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$91.41
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 68 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 KuCoin live order book, 68 min ago	8.52 bp	51.7 bp −$52	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
Aster ZHIPUUSDT	0.0000%	8h	106.27	−0.070%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.16	−0.169%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.28	−0.056%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	106.40	+0.053%	$23K	$20	3x
Aevo ZHIPU-PERP	+0.0104%	1h	106.24	−0.094%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0181%	8h	106.50	+0.150%	$2.9M	$10.6M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0201%	8h	106.26	−0.075%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0407%	8h	106.49	+0.141%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.0437%	8h	106.40	+0.056%	$2.0M	$4.4M	20x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0470%	4h	106.34	long leg	$43K	$128K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.0712%	1h	106.38	+0.038%	$113K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.1017%	4h	106.36	+0.019%	$19K	$308K	20x	as long as short
Binance ZHIPUUSDT	+0.1327%	4h	106.27	−0.070%	$21.9M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1555%	4h	106.20	−0.134%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1815%	1h	106.40	+0.056%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2362%	8h	106.45	+0.103%	$400K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2720%	1h	106.62	+0.263%	$37K	$24K	5x	as long as short