Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.023%

Price spread now: Gate against Nado+0.015%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 Gate

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	96.186	0.0100	pay 0.0012% / 1h	22m 09s	$27K	$4K	3x
Short	Gate ZHIPU_USDT	96.200	0.0074	get 0.0074% / 8h	3h 22m	$2.9M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$5.46
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	3.12 bp	13.1 bp −$13	46.9 bp −$469	79.2 bp −$7,923	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	96.070	−0.120%	$1K	$848K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	−0.152%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDTshort	+0.0074%	8h	96.200	+0.015%	$2.9M	$11.8M	50x
Lighter ZHIPU	+0.0088%	1h	96.190	+0.004%	$101K	$20K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	96.186	long leg	$27K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.030	−0.162%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	96.019	−0.174%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0506%	8h	96.011	−0.181%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0525%	4h	96.170	−0.016%	$17K	$333K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0814%	4h	96.090	−0.100%	$39K	$123K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.P	+0.0930%	1h	96.200	+0.015%	$36K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.1087%	1h	96.042	−0.150%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1131%	4h	96.075	−0.115%	$22.5M	$63.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.1371%	8h	96.110	−0.079%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1496%	8h	96.140	−0.048%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1511%	4h	96.328	+0.148%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1756%	8h	96.140	−0.048%	$5.7M	$17.1M	25x	as long as short