Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0672%/8h= +73.6% APRpaid last 24h +0.022%

Price spread now: Bitget against Nado+0.182%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Bitget

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 +$20 a day on $10k at the current rate, and Bitget is 0.182% dearer against Nado than usual: you sell high and buy low: +$18 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	Nado ZHIPU-PERP	100.59	0.0100	pay 0.0012% / 1h	55m 53s	$26K	$2K	3x
Short	Bitget ZHIPUUSDT	100.77	0.0772	get 0.0772% / 8h	5h 55m	$2.0M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.182%Rate

Funding earned: $141.12
Price spread: +0.182% → 0.000%: $18.21
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $140.33
Costs to cover: 0.190%
Break-even: 0.0 days

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 2 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	5.42 bp	25.7 bp −$26	75.9 bp −$759	doesn't fit	doesn't fit

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	101.06	+0.469%	$52K	$54K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	101.03	+0.441%	$2K	$988K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.93	+0.341%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	100.59	long leg	$26K	$2K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.89	+0.301%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.97	+0.383%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0254%	8h	100.92	+0.331%	$2.9M	$10.1M	50x	as long as short
Bitget ZHIPUUSDTshort	+0.0772%	8h	100.77	+0.182%	$2.0M	$3.8M	20x
HTX ZHIPU-USDT	+0.0794%	4h	100.85	+0.262%	$18K	$308K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0854%	4h	100.81	+0.222%	$40K	$124K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0866%	8h	100.86	+0.272%	$5.3M	$16.1M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0942%	1h	101.02	+0.431%	$36K	$19K	5x	as long as short
Lighter ZHIPU	+0.1016%	1h	100.97	+0.381%	$107K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1621%	1h	100.78	+0.192%	$27.8M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1692%	4h	100.58	−0.002%	$22.1M	$56.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2012%	4h	101.00	+0.411%	$20K	$155K	10x	as long as short
Bybit ZHIPUUSDT	+0.2444%	8h	100.73	+0.142%	$376K	$1.3M	25x	as long as short