Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1776%/8h= −194.5% APRpaid last 24h −0.320%

Price spread now: Nado against edgeX−0.011%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Nado: 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: −$53 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ZHIPUUSDC	96.474	0.1876	pay 0.0938% / 4h	2h 10m	$21K	$153K	10x
Short	Nado ZHIPU-PERP	96.464	0.0100	get 0.0012% / 1h	10m 33s	$44K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.011%Rate

Funding earned: −$373.06
Price spread: −0.011% → 0.000%: −$1.08
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$390.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 36 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 edgeX live order book, 36 min ago	6.35 bp	22.6 bp −$23	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-USDT	0.0000%	4h	97.010	+0.555%	$2K	$848K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.780	+0.317%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	96.464	−0.011%	$44K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.870	+0.410%	$842	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0106%	8h	96.920	+0.462%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	96.893	+0.433%	—	—	10x	as long as short
Lighter ZHIPU	+0.0520%	1h	96.730	+0.265%	$102K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0704%	4h	96.860	+0.400%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0749%	8h	96.475	+0.001%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0844%	1h	96.790	+0.327%	$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	+0.0866%	4h	96.850	+0.389%	$22K	$351K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.820	+0.358%	$23.0M	$68.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1245%	1h	96.790	+0.327%	$27.3M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1412%	8h	96.900	+0.441%	$358K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.880	+0.420%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1865%	8h	96.890	+0.431%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDClong	+0.1876%	4h	96.474	long leg	$21K	$153K	10x