Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1488%/8h= +162.9% APRpaid last 24h +0.020%

Price spread now: OKX against Nado+0.372%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 OKX

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 +$45 a day on $10k at the current rate, and OKX is 0.372% dearer against Nado than usual: you sell high and buy low: +$37 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	97.986	0.0100	pay 0.0012% / 1h	2m 08s	$27K	$3K	3x
Short	OKX ZHIPU-USDT-SWAP	98.350	0.1588	get 0.1588% / 8h	5h 02m	$5.4M	$15.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.372%Rate

Funding earned: $312.48
Price spread: +0.372% → 0.000%: $37.19
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $332.67
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; OKX: 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 OKX live order book, 1 min ago	1.02 bp	13.7 bp −$14	43.1 bp −$431	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	98.260	+0.280%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.020	+0.035%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	97.986	long leg	$27K	$3K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.020	+0.035%	$578	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0136%	1h	98.041	+0.057%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0427%	8h	98.210	+0.229%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0588%	8h	98.063	+0.079%	$50K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1101%	1h	98.230	+0.249%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1105%	4h	98.100	+0.117%	$18K	$324K	20x	as long as short
Lighter ZHIPU	+0.1352%	1h	98.190	+0.209%	$103K	$20K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1367%	8h	98.310	+0.331%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1520%	4h	98.070	+0.086%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.1588%	8h	98.350	+0.372%	$5.4M	$15.6M	25x
tradeXYZ xyz:ZHIPU	+0.1744%	1h	98.015	+0.030%	$27.4M	$6.8M	10x	as long as short
Binance ZHIPUUSDT	+0.2241%	4h	98.113	+0.130%	$22.7M	$58.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.2758%	8h	98.240	+0.260%	$362K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.987%	$19K	$150K	10x	as long as short