Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0467%/8h= −51.2% APRpaid last 24h +0.030%

Price spread now: Nado against Aster+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 Aster 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 airdropAster: Stage 5 · Nado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.081% dearer against Aster than usual: you sell high and buy low (spread +0.081% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZHIPUUSDT	95.896	0.0567	pay 0.0567% / 8h	3h 41m	$49K	$51K	20x
Short	Nado ZHIPU-PERP	95.974	0.0100	get 0.0012% / 1h	41m 58s	$26K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.081%Rate

Funding earned: −$98.14
Price spread: +0.081% → 0.000%: $8.05
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$105.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; 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 Aster no order-book sample	—	—	—	—	—
Sell Nado no order-book sample	—	—	—	—	—

Aster and 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	95.860	−0.038%	$2K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.870	−0.027%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	96.000	+0.108%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0092%	8h	95.940	+0.046%	$2.9M	$11.8M	50x	as long as short
HTX ZHIPU-USDT	+0.0096%	4h	95.850	−0.048%	$17K	$332K	20x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.974	+0.081%	$26K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	+0.004%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.881	−0.016%	—	—	10x	as long as short
Aster ZHIPUUSDTlong	+0.0567%	8h	95.896	long leg	$49K	$51K	20x
Ondo Perps ZHIPU-USD.P	+0.0804%	1h	96.240	+0.358%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0958%	4h	95.970	+0.077%	$39K	$125K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1165%	1h	95.930	+0.035%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1233%	4h	95.860	−0.038%	$22.5M	$63.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1375%	8h	95.990	+0.098%	$1.8M	$4.1M	20x	as long as short
edgeX ZHIPUUSDC	+0.1550%	4h	96.183	+0.299%	$19K	$151K	10x	as long as short
Bybit ZHIPUUSDT	+0.1585%	8h	95.940	+0.046%	$271K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1785%	8h	96.000	+0.108%	$5.8M	$17.0M	25x	as long as short