Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1416%/8h= +155.1% APRpaid last 24h +0.320%

Price spread now: edgeX against Nado+0.278%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and edgeX is 0.278% dearer against Nado than usual: you sell high and buy low: +$28 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	94.073	0.0100	pay 0.0012% / 1h	46m 48s	$26K	$4K	3x
Short	edgeX ZHIPUUSDC	94.335	0.1516	get 0.0758% / 4h	2h 46m	$20K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.278%Rate

Funding earned: $297.42
Price spread: +0.278% → 0.000%: $27.81
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $309.24
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; edgeX: live order book, 65 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 edgeX live order book, 65 min ago	13.03 bp	89.0 bp −$89	doesn't fit	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
Gate ZHIPU_USDT	0.0000%	8h	94.320	+0.262%	$2.9M	$11.7M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.540	+0.496%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.250	+0.188%	$22K	$349K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.070	−0.003%	$99K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.150	+0.082%	$33K	$3K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0050%	1h	94.830	+0.804%	$35K	$20K	5x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	94.073	long leg	$26K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.100	+0.028%	$818	$1K	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	94.138	+0.068%	—	—	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0334%	4h	94.240	+0.177%	$38K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0416%	8h	94.310	+0.252%	$49K	$52K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0474%	1h	94.259	+0.197%	$26.4M	$7.3M	10x	as long as short
Binance ZHIPUUSDT	+0.0510%	4h	94.379	+0.325%	$21.9M	$66.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1058%	8h	94.440	+0.390%	$261K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1164%	8h	94.490	+0.443%	$1.7M	$4.2M	20x	as long as short
edgeX ZHIPUUSDCshort	+0.1516%	4h	94.335	+0.278%	$20K	$154K	10x
OKX ZHIPU-USDT-SWAP	+0.1575%	8h	94.550	+0.507%	$5.5M	$17.7M	25x	as long as short