Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0854%/8h= +93.5% APRpaid last 24h +0.042%

Price spread now: KuCoin against Nado+0.439%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 KuCoin

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 +$26 a day on $10k at the current rate, and KuCoin is 0.439% dearer against Nado than usual: you sell high and buy low: +$44 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	99.344	0.0100	pay 0.0012% / 1h	46m 20s	$25K	$2K	3x
Short	KuCoin ZHIPUUSDTM	99.780	0.0954	get 0.0477% / 4h	1h 46m	$40K	$123K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.439%Rate

Funding earned: $179.34
Price spread: +0.439% → 0.000%: $43.9
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $204.24
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; KuCoin: live order book, 42 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 KuCoin live order book, 42 min ago	18.91 bp	77.2 bp −$77	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	99.580	+0.238%	$2K	$969K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	99.390	+0.046%	$35K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0083%	8h	99.740	+0.399%	$51K	$53K	20x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	99.344	long leg	$25K	$2K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.650	+0.308%	$51	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	99.683	+0.341%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0254%	8h	99.970	+0.630%	$3.1M	$10.4M	50x	as long as short
HTX ZHIPU-USDT	+0.0847%	4h	99.270	−0.074%	$18K	$308K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0867%	1h	99.350	+0.006%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0892%	8h	99.930	+0.590%	$2.0M	$3.8M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTMshort	+0.0954%	4h	99.780	+0.439%	$40K	$123K	20x
OKX ZHIPU-USDT-SWAP	+0.0998%	8h	99.810	+0.469%	$5.3M	$16.1M	25x	as long as short
Lighter ZHIPU	+0.1112%	1h	99.680	+0.338%	$105K	$20K	10x	as long as short
Binance ZHIPUUSDT	+0.1815%	4h	99.799	+0.458%	$22.1M	$56.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1842%	1h	99.789	+0.448%	$27.6M	$6.5M	10x	as long as short
edgeX ZHIPUUSDC	+0.2171%	4h	99.679	+0.338%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2592%	8h	99.850	+0.509%	$371K	$1.3M	25x	as long as short