Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1442%/8h= −157.8% APRpaid last 24h −0.074%

Price spread now: Nado against Bybit−0.036%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$43 a day on $10k at the current rate, and Nado is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	96.110	0.1542	pay 0.1542% / 8h	3h 38m	$271K	$1.4M	25x
Short	Nado ZHIPU-PERP	96.076	0.0100	get 0.0012% / 1h	38m 24s	$27K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.036%Rate

Funding earned: −$302.72
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$324.3
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	3.13 bp	44.7 bp −$45	220.8 bp −$2,208	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-USDT	0.0000%	4h	95.880	−0.239%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.130	+0.021%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.080	−0.031%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.000	−0.114%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0082%	8h	96.170	+0.062%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	96.076	−0.036%	$27K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.960	−0.156%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.970	−0.146%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0553%	8h	95.908	−0.210%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0769%	1h	95.810	−0.312%	$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	+0.0922%	4h	96.070	−0.042%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1075%	1h	96.068	−0.044%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1181%	4h	96.070	−0.042%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1362%	8h	96.170	+0.062%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDTlong	+0.1542%	8h	96.110	long leg	$271K	$1.4M	25x
OKX ZHIPU-USDT-SWAP	+0.1777%	8h	96.190	+0.083%	$5.8M	$17.1M	25x	as long as short
edgeX ZHIPUUSDC	+0.1892%	4h	95.934	−0.183%	$19K	$150K	10x	as long as short