Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0534%/8h= −58.5% APRpaid last 24h −0.008%

Price spread now: Nado against HTX−0.184%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 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 −$16 a day on $10k at the current rate, and Nado is 0.184% cheaper against HTX than usual: you would sell low and buy high (−$18 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	HTX ZHIPU-USDT	95.220	0.0634	pay 0.0317% / 4h	33m 30s	$20K	$350K	20x
Short	Nado ZHIPU-PERP	95.045	0.0100	get 0.0012% / 1h	33m 30s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.184%Rate

Funding earned: −$112.11
Price spread: −0.184% → 0.000%: −$18.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$149.54
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 4 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 HTX live order book, 4 min ago	44.67 bp	300.0 bp −$300	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	95.220	0.000%	$2K	$538K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.110	−0.116%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0072%	1h	95.160	−0.063%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.045	−0.184%	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.210	−0.011%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0205%	8h	95.040	−0.189%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.150	−0.073%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0273%	1h	95.220	0.000%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0601%	1h	94.970	−0.263%	$26.8M	$7.3M	10x	as long as short
HTX ZHIPU-USDTlong	+0.0634%	4h	95.220	long leg	$20K	$350K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0895%	8h	95.075	−0.152%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1008%	4h	95.090	−0.137%	$38K	$112K	20x	as long as short
Binance ZHIPUUSDT	+0.1057%	4h	94.977	−0.255%	$22.3M	$58.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1364%	8h	94.980	−0.252%	$354K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1544%	8h	95.010	−0.221%	$1.7M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	−0.096%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1905%	8h	95.050	−0.179%	$5.3M	$16.0M	25x	as long as short