Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Nado+0.457%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 SunX

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 pays, funding is against you. SunX is 0.457% dearer against Nado than usual: you sell high and buy low (spread +0.457% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	94.697	0.0100	pay 0.0012% / 1h	25m 39s	$35K	$8K	3x
Short	SunX ZHIPU-USDT	95.130	0	get 0.0000% / 4h	2h 25m	$2K	$848K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.457%Rate

Funding earned: −$21
Price spread: +0.457% → 0.000%: $45.75
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $9.75
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; SunX: live order book, 67 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 SunX live order book, 67 min ago	31.14 bp	137.9 bp −$138	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-USDTshort	0.0000%	4h	95.130	+0.457%	$2K	$848K	10x
Gate ZHIPU_USDT	+0.0035%	8h	95.190	+0.521%	$2.9M	$12.2M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.990	+0.310%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	94.697	long leg	$35K	$8K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.040	+0.362%	$826	$1K	10x	as long as short
Aevo ZHIPU-PERP	+0.0176%	1h	95.022	+0.343%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0254%	4h	95.050	+0.373%	$22K	$350K	20x	as long as short
Lighter ZHIPU	+0.0432%	1h	95.110	+0.436%	$100K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0454%	4h	95.070	+0.394%	$38K	$120K	20x	as long as short
Aster ZHIPUUSDT	+0.0563%	8h	95.160	+0.489%	$52K	$57K	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	+0.0614%	1h	95.020	+0.341%	$33K	$25K	5x	as long as short
Binance ZHIPUUSDT	+0.0707%	4h	95.185	+0.515%	$22.7M	$67.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0994%	1h	95.028	+0.350%	$26.8M	$8.0M	10x	as long as short
edgeX ZHIPUUSDC	+0.1026%	4h	94.834	+0.145%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.1209%	8h	95.210	+0.542%	$346K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1304%	8h	95.170	+0.500%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1710%	8h	95.280	+0.616%	$5.5M	$18.2M	25x	as long as short