Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: SunX against Nado+0.411%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 SunX

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 pays, funding is against you. SunX is 0.411% dearer against Nado than usual: you sell high and buy low (spread +0.411% now, against zero (this spread has no 7-day history yet)): +$41 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	102.63	0.0100	pay 0.0012% / 1h	14m 45s	$26K	$2K	3x
Short	SunX ZHIPU-USDT	103.05	0	get 0.0000% / 4h	2h 14m	$2K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.411%Rate

Funding earned: −$21
Price spread: +0.411% → 0.000%: $41.07
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.07
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	500.10 bp	doesn't fit	doesn't fit	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	102.53	−0.100%	$53K	$52K	20x	as long as short
SunX ZHIPU-USDTshort	0.0000%	4h	103.05	+0.411%	$2K	$1.0M	10x
SoDEX ZHIPU-USD	+0.0050%	1h	103.01	+0.372%	$37K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	102.63	long leg	$26K	$2K	3x
Aevo ZHIPU-PERP	+0.0104%	1h	103.03	+0.392%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0115%	8h	103.01	+0.372%	$53	$266	10x	as long as short
Gate ZHIPU_USDT	+0.0246%	8h	102.62	−0.008%	$3.0M	$11.7M	50x	as long as short
Bitget ZHIPUUSDT	+0.0520%	8h	102.37	−0.252%	$1.9M	$3.7M	20x	as long as short
Lighter ZHIPU	+0.0552%	1h	102.90	+0.265%	$109K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0566%	4h	102.71	+0.079%	$41K	$124K	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	+0.0570%	8h	102.61	−0.018%	$5.2M	$16.4M	25x	as long as short
HTX ZHIPU-USDT	+0.0608%	4h	102.95	+0.313%	$18K	$307K	20x	as long as short
Binance ZHIPUUSDT	+0.1394%	4h	102.39	−0.236%	$21.7M	$54.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1581%	1h	102.12	−0.495%	$28.1M	$6.1M	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1584%	1h	102.82	+0.187%	$37K	$20K	5x	as long as short
Bybit ZHIPUUSDT	+0.2092%	8h	102.45	−0.174%	$386K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2237%	4h	101.78	−0.826%	$20K	$154K	10x	as long as short