Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0947%/8h= +103.7% APRpaid last 24h +0.162%

Price spread now: Binance against Nado−0.031%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Binance is 0.031% cheaper against Nado than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$28 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	95.138	0.0100	pay 0.0012% / 1h	32m 25s	$43K	$12K	3x
Short	Binance ZHIPUUSDT	95.109	0.1047	get 0.0523% / 4h	32m 25s	$22.3M	$58.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.031%Rate

Funding earned: $198.79
Price spread: −0.031% → 0.000%: −$3.07
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $178.73
Costs to cover: 0.170%
Break-even: 0.7 days

Slippage unknown: Nado: no order-book sample; Binance: live order book, 10 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Binance live order book, 10 min ago	0.52 bp	13.2 bp −$13	30.3 bp −$303	155.6 bp −$15.6K	doesn't fit

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	95.090	−0.051%	$1K	$530K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.950	−0.198%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0064%	1h	95.040	−0.103%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	95.138	long leg	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.980	−0.166%	$825	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0202%	8h	95.020	−0.124%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	94.991	−0.155%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0256%	1h	94.950	−0.198%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0563%	1h	95.189	+0.053%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0617%	4h	94.990	−0.156%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0895%	8h	95.164	+0.027%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0998%	4h	95.060	−0.082%	$38K	$112K	20x	as long as short
Binance ZHIPUUSDTshort	+0.1047%	4h	95.109	−0.031%	$22.3M	$58.2M	25x
Bybit ZHIPUUSDT	+0.1356%	8h	95.140	+0.002%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1536%	8h	95.170	+0.033%	$1.7M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	−0.010%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1905%	8h	95.250	+0.117%	$5.3M	$16.1M	25x	as long as short