Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0906%/8h= −99.2% APRpaid last 24h −0.162%

Price spread now: Nado against Binance−0.356%48s7-day average — · you buy dearer than you sell

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

Long on Binance 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 against this trade now: funding costs −$27 a day on $10k at the current rate, and Nado is 0.356% cheaper against Binance than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ZHIPUUSDT	96.234	0.1006	pay 0.0503% / 4h	2h 07m	$22.8M	$69.0M	25x
Short	Nado ZHIPU-PERP	95.891	0.0100	get 0.0012% / 1h	7m 50s	$44K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.356%Rate

Funding earned: −$190.19
Price spread: −0.356% → 0.000%: −$35.58
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$242.77
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	1.55 bp	11.4 bp −$11	35.1 bp −$351	100.6 bp −$10.1K	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-USDT	0.0000%	4h	96.500	+0.277%	$1K	$850K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.150	−0.087%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.891	−0.356%	$44K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.160	−0.076%	$835	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0107%	8h	96.340	+0.111%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.191	−0.044%	—	—	10x	as long as short
Lighter ZHIPU	+0.0488%	1h	96.110	−0.128%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0734%	4h	96.230	−0.004%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0772%	8h	96.398	+0.171%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0858%	1h	96.790	+0.578%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0931%	4h	96.200	−0.035%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDTlong	+0.1006%	4h	96.234	long leg	$22.8M	$69.0M	25x
tradeXYZ xyz:ZHIPU	+0.1273%	1h	96.193	−0.042%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1434%	8h	96.320	+0.090%	$361K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1482%	8h	96.310	+0.079%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1877%	4h	96.808	+0.597%	$21K	$153K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1890%	8h	96.360	+0.131%	$5.5M	$18.6M	25x	as long as short