Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h +0.023%

Price spread now: Nado against Gate−0.380%7-day average — · you buy dearer than you sell

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

Long on Gate 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 −$5 a day on $10k at the current rate, and Nado is 0.380% cheaper against Gate than usual: you would sell low and buy high (−$38 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	Gate ZHIPU_USDT	100.11	0.0259	pay 0.0259% / 8h	5h 50m	$3.0M	$10.2M	50x
Short	Nado ZHIPU-PERP	99.730	0.0100	get 0.0012% / 1h	50m 09s	$25K	$2K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.380%Rate

Funding earned: −$33.39
Price spread: −0.380% → 0.000%: −$37.98
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$93.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 3 min ago	4.46 bp	16.8 bp −$17	47.4 bp −$474	80.7 bp −$8,067	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	100.17	+0.060%	$1K	$984K	10x	as long as short
Aster ZHIPUUSDT	+0.0033%	8h	99.960	−0.150%	$51K	$51K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.00	−0.110%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	99.730	−0.380%	$25K	$2K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.01	−0.100%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.08	−0.028%	—	—	10x	as long as short
Gate ZHIPU_USDTlong	+0.0259%	8h	100.11	long leg	$3.0M	$10.2M	50x
Ondo Perps ZHIPU-USD.P	+0.0742%	1h	100.72	+0.609%	$36K	$18K	5x	as long as short
Bitget ZHIPUUSDT	+0.0841%	8h	100.12	+0.010%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0847%	4h	99.930	−0.180%	$18K	$308K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0916%	4h	100.02	−0.090%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0947%	8h	100.17	+0.060%	$5.3M	$16.0M	25x	as long as short
Lighter ZHIPU	+0.1192%	1h	100.05	−0.060%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1747%	1h	99.974	−0.136%	$27.6M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1763%	4h	99.940	−0.170%	$22.1M	$56.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.513%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2531%	8h	100.06	−0.050%	$375K	$1.3M	25x	as long as short