Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Nado against Aster+0.228%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Nado: 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 0.228% dearer against Aster than usual: you sell high and buy low: +$23 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	Aster ZHIPUUSDT	105.41	0	get 0.0000% / 8h	7h 45m	$54K	$51K	20x
Short	Nado ZHIPU-PERP	105.65	0.0100	get 0.0012% / 1h	45m 53s	$23K	$20	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.228%Rate

Funding earned: $21
Price spread: +0.228% → 0.000%: $22.78
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $28.78
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Aster and 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
Aster ZHIPUUSDTlong	0.0000%	8h	105.41	long leg	$54K	$51K	20x
Bybit ZHIPUUSDT	0.0000%	8h	105.69	+0.269%	$299K	$1.3M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.68	+0.260%	$2.9M	$13.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.69	+0.269%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.53	+0.118%	$19K	$314K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	105.67	+0.251%	$112K	$19K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.56	+0.146%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	105.65	+0.228%	$23K	$20	3x
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.59	+0.175%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.56	+0.141%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythos	+0.0148%	8h	105.53	+0.118%	$54	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0160%	8h	105.77	+0.345%	$5.0M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0232%	8h	105.65	+0.232%	$1.7M	$4.5M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0337%	1h	105.63	+0.213%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0556%	4h	105.56	+0.145%	$21.1M	$57.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.0869%	4h	105.62	+0.203%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0999%	1h	105.65	+0.232%	$37K	$22K	5x	as long as short