Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.1525%/8h= −167.0% APRpaid last 24h −0.022%

Price spread now: Nado against Bitget−0.241%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Nado is 0.241% cheaper against Bitget than usual: you would sell low and buy high (−$24 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	Bitget ZHIPUUSDT	95.940	0.1625	pay 0.1625% / 8h	1h 40m	$1.7M	$4.3M	20x
Short	Nado ZHIPU-PERP	95.709	0.0100	get 0.0012% / 1h	40m 25s	$44K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.241%Rate

Funding earned: −$320.25
Price spread: −0.241% → 0.000%: −$24.06
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$363.31
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.61 bp	16.8 bp −$17	30.4 bp −$304	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-USDT	0.0000%	4h	96.020	+0.083%	$1K	$790K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.780	−0.167%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.640	−0.313%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.709	−0.241%	$44K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.820	−0.125%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0182%	8h	95.970	+0.031%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0272%	1h	95.837	−0.107%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0797%	1h	95.730	−0.219%	$33K	$23K	5x	as long as short
Aster ZHIPUUSDT	+0.0927%	8h	95.978	+0.040%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0994%	4h	95.800	−0.146%	$38K	$119K	20x	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	+0.1090%	4h	95.780	−0.167%	$21K	$352K	20x	as long as short
Binance ZHIPUUSDT	+0.1170%	4h	95.860	−0.083%	$22.7M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1184%	1h	95.854	−0.090%	$27.0M	$8.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.1582%	8h	95.840	−0.104%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDTlong	+0.1625%	8h	95.940	long leg	$1.7M	$4.3M	20x
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	−0.109%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2014%	8h	95.860	−0.083%	$5.4M	$18.6M	25x	as long as short