Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1671%/8h= −183.0% APRpaid last 24h −0.074%

Price spread now: Nado against Bybit+0.007%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$50 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	95.980	0.1771	pay 0.1771% / 8h	4h 08m	$277K	$1.4M	25x
Short	Nado ZHIPU-PERP	95.987	0.0100	get 0.0012% / 1h	8m 22s	$27K	$4K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now +0.007%Rate

Funding earned: −$350.98
Price spread: +0.007% → 0.000%: $0.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$368.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 3 min ago	4.17 bp	48.6 bp −$49	208.4 bp −$2,084	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	95.790	−0.198%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.940	−0.042%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.987	+0.007%	$27K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.880	−0.104%	$565	$798	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0112%	1h	95.670	−0.323%	$36K	$20K	5x	as long as short
Gate ZHIPU_USDT	+0.0154%	8h	96.050	+0.073%	$3.0M	$11.8M	50x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	95.919	−0.063%	—	—	10x	as long as short
Lighter ZHIPU	+0.0208%	1h	96.080	+0.104%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0465%	4h	95.910	−0.073%	$18K	$332K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0602%	1h	95.969	−0.011%	$26.9M	$7.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0642%	8h	96.111	+0.137%	$49K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1108%	4h	96.030	+0.052%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1396%	8h	96.040	+0.063%	$1.9M	$4.0M	20x	as long as short
Binance ZHIPUUSDT	+0.1519%	4h	95.910	−0.073%	$22.5M	$62.0M	25x	as long as short
Bybit ZHIPUUSDTlong	+0.1771%	8h	95.980	long leg	$277K	$1.4M	25x
OKX ZHIPU-USDT-SWAP	+0.1807%	8h	96.050	+0.073%	$5.8M	$16.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.2343%	4h	95.949	−0.032%	$19K	$150K	10x	as long as short