Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0401%/8h= −43.9% APRpaid last 24h +0.008%

Price spread now: Nado against HTX−0.007%7-day average — · you buy dearer than you sell

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

Long on HTX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	95.930	0.0501	pay 0.0250% / 4h	11m 00s	$17K	$332K	20x
Short	Nado ZHIPU-PERP	95.923	0.0100	get 0.0012% / 1h	11m 00s	$26K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.007%Rate

Funding earned: −$84.12
Price spread: −0.007% → 0.000%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$103.81
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 46 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 HTX live order book, 46 min ago	5.62 bp	17.3 bp −$17	37.5 bp −$375	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	95.750	−0.188%	$1K	$850K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.880	−0.052%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.923	−0.007%	$26K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.870	−0.063%	$565	$798	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0131%	1h	95.780	−0.156%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDT	+0.0164%	8h	95.970	+0.042%	$3.0M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.918	−0.013%	—	—	10x	as long as short
Lighter ZHIPU	+0.0232%	1h	95.940	+0.010%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDTlong	+0.0501%	4h	95.930	long leg	$17K	$332K	20x
tradeXYZ xyz:ZHIPU	+0.0640%	1h	95.938	+0.008%	$26.9M	$7.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0652%	8h	96.067	+0.143%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1146%	4h	95.950	+0.021%	$39K	$125K	20x	as long as short
Bitget ZHIPUUSDT	+0.1412%	8h	95.980	+0.052%	$1.9M	$3.9M	20x	as long as short
Binance ZHIPUUSDT	+0.1607%	4h	95.830	−0.104%	$22.5M	$62.2M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1822%	8h	96.020	+0.094%	$5.8M	$16.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.1836%	8h	95.940	+0.010%	$275K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2384%	4h	96.007	+0.080%	$19K	$151K	10x	as long as short