Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Nado against SunX+0.114%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Nado

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 +$3 a day on $10k at the current rate, and Nado is 0.114% dearer against SunX than usual: you sell high and buy low: +$11 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	SunX ZHIPU-USDT	96.090	0	get 0.0000% / 4h	3h 45m	$1K	$851K	10x
Short	Nado ZHIPU-PERP	96.200	0.0100	get 0.0012% / 1h	45m 36s	$27K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now +0.114%Rate

Funding earned: $21
Price spread: +0.114% → 0.000%: $11.41
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $17.41
Costs to cover: 0.150%
Break-even: 1.2 days

Slippage unknown: SunX: live order book, 57 min ago; Nado: no order-book sample. 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 SunX live order book, 57 min ago	16.46 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

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-USDTlong	0.0000%	4h	96.090	long leg	$1K	$851K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	96.130	+0.042%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	96.110	+0.021%	$101K	$20K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	96.200	+0.114%	$27K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.180	+0.094%	$567	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0102%	8h	96.090	0.000%	$2.9M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.165	+0.078%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0528%	4h	96.170	+0.083%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0574%	8h	95.886	−0.212%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0874%	1h	96.240	+0.156%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0990%	4h	96.150	+0.062%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1265%	4h	96.080	−0.010%	$22.6M	$63.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1334%	1h	96.143	+0.055%	$26.9M	$7.2M	10x	as long as short
Bitget ZHIPUUSDT	+0.1384%	8h	96.150	+0.062%	$1.9M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1611%	8h	96.120	+0.031%	$272K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1801%	8h	96.190	+0.104%	$5.8M	$17.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.1854%	4h	96.237	+0.153%	$19K	$151K	10x	as long as short