Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Nado against SunX−0.631%7-day average — · you buy dearer than you sell

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

Long on SunX 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

Funding pays, the price is against you. Nado is 0.631% cheaper against SunX than usual: you would sell low and buy high (spread −0.631% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$63 on $10k: about 21 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ZHIPU-USDT	96.500	0	get 0.0000% / 4h	2h 07m	$1K	$850K	10x
Short	Nado ZHIPU-PERP	95.891	0.0100	get 0.0012% / 1h	7m 52s	$44K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.631%Rate

Funding earned: $21
Price spread: −0.631% → 0.000%: −$63.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$57.09
Costs to cover: 0.150%
Break-even: 26.0 days

Slippage unknown: SunX: live order book, 15 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 SunX live order book, 15 min ago	14.11 bp	122.3 bp −$122	doesn't fit	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-USDTlong	0.0000%	4h	96.500	long leg	$1K	$850K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	96.150	−0.363%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.891	−0.631%	$44K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.160	−0.352%	$835	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0107%	8h	96.340	−0.166%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.191	−0.320%	—	—	10x	as long as short
Lighter ZHIPU	+0.0488%	1h	96.110	−0.404%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0734%	4h	96.230	−0.280%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0772%	8h	96.398	−0.106%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0858%	1h	96.790	+0.301%	$33K	$25K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0931%	4h	96.200	−0.311%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.1006%	4h	96.234	−0.276%	$22.8M	$69.0M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1273%	1h	96.193	−0.318%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1434%	8h	96.320	−0.187%	$361K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1482%	8h	96.310	−0.197%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1877%	4h	96.808	+0.319%	$21K	$153K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1890%	8h	96.360	−0.145%	$5.5M	$18.6M	25x	as long as short