Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0856%/8h= −93.7% APRpaid last 24h −0.064%

Price spread now: Nado against KuCoin−0.218%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$26 a day on $10k at the current rate, and Nado is 0.218% cheaper against KuCoin than usual: you would sell low and buy high (−$22 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	KuCoin ZHIPUUSDTM	95.380	0.0956	pay 0.0478% / 4h	1h 23m	$38K	$119K	20x
Short	Nado ZHIPU-PERP	95.172	0.0100	get 0.0012% / 1h	23m 56s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.218%Rate

Funding earned: −$179.76
Price spread: −0.218% → 0.000%: −$21.82
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$220.58
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	12.51 bp	59.5 bp −$60	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	95.590	+0.220%	$2K	$770K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.440	+0.063%	$100K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.400	+0.021%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	95.172	−0.218%	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.410	+0.031%	$829	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0183%	8h	95.500	+0.126%	$3.2M	$11.9M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	95.407	+0.029%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0540%	1h	95.050	−0.346%	$33K	$23K	5x	as long as short
HTX ZHIPU-USDT	+0.0870%	4h	95.400	+0.021%	$21K	$350K	20x	as long as short
Aster ZHIPUUSDT	+0.0902%	8h	95.440	+0.063%	$53K	$53K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0925%	1h	95.448	+0.071%	$26.9M	$7.6M	10x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0956%	4h	95.380	long leg	$38K	$119K	20x
Binance ZHIPUUSDT	+0.1071%	4h	95.379	−0.001%	$22.5M	$66.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1195%	4h	95.139	−0.253%	$20K	$153K	10x	as long as short
Bybit ZHIPUUSDT	+0.1483%	8h	95.400	+0.021%	$357K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1603%	8h	95.410	+0.031%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1976%	8h	95.510	+0.136%	$5.4M	$18.5M	25x	as long as short