Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1179%/8h= +129.2% APRpaid last 24h +0.074%

Price spread now: Bybit against Nado+0.223%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 Bybit

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 for this trade now. Funding pays +$35 a day on $10k at the current rate, and Bybit is 0.223% dearer against Nado than usual: you sell high and buy low: +$22 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	94.978	0.0100	pay 0.0012% / 1h	12m 30s	$43K	$12K	3x
Short	Bybit ZHIPUUSDT	95.190	0.1279	get 0.1279% / 8h	12m 30s	$358K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.223%Rate

Funding earned: $247.69
Price spread: +0.223% → 0.000%: $22.34
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $252.04
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	4.72 bp	44.8 bp −$45	178.5 bp −$1,785	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
SunX ZHIPU-USDT	0.0000%	4h	95.330	+0.371%	$2K	$454K	10x	as long as short
Lighter ZHIPU	+0.0048%	1h	95.200	+0.234%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.160	+0.192%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	94.978	long leg	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.180	+0.213%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0192%	8h	95.240	+0.276%	$3.2M	$10.3M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.194	+0.228%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0245%	1h	95.370	+0.413%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDT	+0.0487%	4h	95.210	+0.245%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0526%	1h	95.075	+0.102%	$26.9M	$7.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0839%	8h	95.164	+0.196%	$53K	$40K	20x	as long as short
Binance ZHIPUUSDT	+0.0970%	4h	95.130	+0.160%	$22.3M	$56.0M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0970%	4h	95.170	+0.202%	$39K	$128K	20x	as long as short
Bybit ZHIPUUSDTshort	+0.1279%	8h	95.190	+0.223%	$358K	$1.2M	25x
Bitget ZHIPUUSDT	+0.1462%	8h	95.150	+0.181%	$1.6M	$3.8M	20x	as long as short
edgeX ZHIPUUSDC	+0.1703%	4h	95.218	+0.253%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1829%	8h	95.210	+0.245%	$5.2M	$15.6M	25x	as long as short