Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.008%

Price spread now: HTX against Nado+0.240%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 HTX

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 +$11 a day on $10k at the current rate, and HTX is 0.240% dearer against Nado than usual: you sell high and buy low: +$24 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	94.593	0.0100	pay 0.0012% / 1h	7m 30s	$43K	$12K	3x
Short	HTX ZHIPU-USDT	94.820	0.0483	get 0.0241% / 4h	7m 30s	$20K	$349K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.240%Rate

Funding earned: $80.39
Price spread: +0.240% → 0.000%: $24.01
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $85.39
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; HTX: live order book, 30 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 HTX live order book, 30 min ago	44.67 bp	340.1 bp −$340	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
SunX ZHIPU-USDT	0.0000%	4h	95.240	+0.684%	$2K	$446K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.830	+0.251%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	94.593	long leg	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.820	+0.240%	$824	$798	10x	as long as short
Lighter ZHIPU	+0.0104%	1h	94.840	+0.261%	$100K	$16K	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	94.860	+0.283%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0194%	8h	94.900	+0.325%	$3.2M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0269%	1h	95.310	+0.758%	$32K	$22K	5x	as long as short
HTX ZHIPU-USDTshort	+0.0483%	4h	94.820	+0.240%	$20K	$349K	20x
tradeXYZ xyz:ZHIPU	+0.0540%	1h	94.724	+0.139%	$26.8M	$7.1M	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	+0.0835%	8h	94.764	+0.180%	$53K	$40K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0970%	4h	94.790	+0.208%	$38K	$133K	20x	as long as short
Binance ZHIPUUSDT	+0.0970%	4h	94.784	+0.202%	$22.2M	$55.8M	25x	as long as short
edgeX ZHIPUUSDC	+0.1181%	4h	95.105	+0.541%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1272%	8h	94.850	+0.272%	$354K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1457%	8h	94.830	+0.251%	$1.6M	$3.8M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1821%	8h	94.850	+0.272%	$5.2M	$15.4M	25x	as long as short