Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.007%

Price spread now: Bitget against Nado+0.081%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Bitget

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.081% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	105.74	0.0100	pay 0.0012% / 1h	12m 36s	$23K	$20	3x
Short	Bitget ZHIPUUSDT	105.83	0.0206	get 0.0206% / 8h	12m 36s	$1.7M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $22.26
Price spread: +0.081% → 0.000%: $8.06
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $11.32
Costs to cover: 0.190%
Break-even: 3.4 days

Slippage unknown: Nado: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.36 bp	16.9 bp −$17	61.8 bp −$618	doesn't fit	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
Aster ZHIPUUSDT	0.0000%	8h	105.32	−0.403%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.74	−0.005%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.62	−0.118%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0013%	8h	105.92	+0.166%	$2.9M	$13.5M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.60	−0.137%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	105.74	long leg	$23K	$20	3x
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.77	+0.024%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.68	−0.063%	—	—	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0104%	8h	105.97	+0.213%	$5.0M	$18.8M	25x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0180%	8h	105.67	−0.071%	$77	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDTshort	+0.0206%	8h	105.83	+0.081%	$1.7M	$4.4M	20x
Binance ZHIPUUSDT	+0.0322%	4h	105.73	−0.018%	$21.1M	$57.6M	25x	as long as short
Lighter ZHIPU	+0.0344%	1h	105.80	+0.052%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0508%	8h	105.82	+0.071%	$306K	$1.3M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1038%	1h	105.80	+0.052%	$29.1M	$7.9M	10x	as long as short
edgeX ZHIPUUSDC	+0.1053%	4h	105.78	+0.036%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1435%	1h	105.72	−0.023%	$37K	$22K	5x	as long as short