Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8hpaid last 24h −0.030%

Price spread now: HTX against Nado−0.173%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 HTX

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 −$3 a day on $10k at the current rate, and HTX is 0.173% cheaper against Nado than usual: you would sell low and buy high (−$17 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	Nado ZHIPU-PERP	104.90	0.0100	pay 0.0012% / 1h	56m 51s	$23K	$145	3x
Short	HTX ZHIPU-USDT	104.72	0	get 0.0000% / 4h	3h 56m	$19K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$21
Price spread: −0.173% → 0.000%: −$17.28
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.28
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; HTX: live order book, 34 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 HTX live order book, 34 min ago	3.84 bp	24.2 bp −$24	65.5 bp −$655	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	104.59	−0.298%	$52K	$49K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	104.82	−0.078%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDTshort	0.0000%	4h	104.72	−0.173%	$19K	$320K	20x
Lighter ZHIPU	+0.0032%	1h	104.85	−0.049%	$119K	$9K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	104.72	−0.173%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	104.90	long leg	$23K	$145	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0203%	8h	104.72	−0.173%	$76	$266	10x	as long as short
Gate ZHIPU_USDT	+0.0261%	8h	104.90	−0.001%	$2.8M	$13.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0336%	1h	104.79	−0.102%	—	—	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0456%	4h	104.74	−0.154%	$41K	$137K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0614%	8h	104.94	+0.037%	$4.8M	$18.6M	25x	as long as short
Bitget ZHIPUUSDT	+0.0723%	8h	104.87	−0.030%	$1.6M	$4.4M	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0763%	1h	104.92	+0.018%	$29.4M	$7.6M	10x	as long as short
Binance ZHIPUUSDT	+0.1241%	4h	104.77	−0.122%	$20.9M	$56.9M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1251%	1h	104.83	−0.068%	$40K	$19K	5x	as long as short
edgeX ZHIPUUSDC	+0.1346%	4h	104.89	−0.008%	$21K	$147K	10x	as long as short
Bybit ZHIPUUSDT	+0.1452%	8h	104.84	−0.058%	$309K	$1.3M	25x	as long as short