Funding arb · Price arb / RWA

ZHIPU

RWAAll ZHIPU markets →

LONGNado▾Orderly −0.1056%Aevo −0.0344%Aster 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%SunX 0.0000%AZverse +0.0008%Ondo Perps +0.0050%Nado +0.0100%Bybit +0.0130%HTX +0.0218%SoDEX +0.0220%edgeX +0.0279%KuCoin +0.0292%MEXC +0.0302%Popdex +0.0312%Binance +0.0316%Lighter +0.1624%tradeXYZ +0.2128%

⇄⇅

SHORTTxFlow▾tradeXYZ +0.2128%Lighter +0.1624%TxFlow +0.0388%Binance +0.0316%Popdex +0.0312%MEXC +0.0302%KuCoin +0.0292%edgeX +0.0279%SoDEX +0.0220%HTX +0.0218%Bybit +0.0130%Ondo Perps +0.0050%AZverse +0.0008%Aster 0.0000%OKX 0.0000%Gate 0.0000%Bitget 0.0000%SunX 0.0000%Aevo −0.0344%Orderly −0.1056%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	NadoZHIPU-PERP	64.675	+0.0100	pay 0.0012% / 1h	48m 10s	$5K	$39K	3x	Long Nado20% off
SHORT	TxFlowZHIPU-USDC	64.700	+0.0388	get 0.0048% / 1h	48m 10s	$4K	$74K	20x	Short TxFlow5% off

Price gap+0.039%

Funding gap+0.0288% /8h

Both sides work: funding pays +$9 a day on $10k, and the gap is 0.039% above zero (no 7-day history yet): +$4 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.027% in total, about +0.0013%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.039%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

NadoTxFlow

ZHIPU on 21 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Nado and TxFlow: its slippage is not counted.
• i
  Note: Margin at max leverage$3,330 + $500

  Nado 3x, TxFlow 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Nado · 1h−$3.00

  Short TxFlow · 1h+$11.64

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$8.64Long Nado: 24 payments, −$3.00; short TxFlow: 24 payments, +$11.64.
• i
  Note: No 7-day spread history+0.039%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$4K vs $5K OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legNado points · TxFlow points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legNado No · TxFlow No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0013%/8h × 21 periods+$2.69

Price spread+0.039% → 0+$3.91

Slippage, 4 ordersno data for Nado and TxFlow—

Fee Nado bp × 2 orders−$7.00

Fee TxFlow bp × 2 orders−$9.00

Net, fees only · 7 days · $10k−$9.40

Costs to cover0.160%Break-even31.4 days

Slippage: Nado: no order-book sample; TxFlow: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGNado—————

SELL · SHORTTxFlow—————

Closing costs about the same again.
Nado and TxFlow: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

ZHIPU news

posts that mention ZHIPU, from every exchangeSearch all news →

10-28 17:49	Markets by Kinetiq	Other	China's AI stocks already crashed. $ZHIPU is down 80% from its high, $MINIMAX 74%. The Nasdaq-100 is down 5%. A China problem, or a preview? @Markets_xyz on X ↗
09-23 02:03	SoDEX	Listing	📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗