Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0801%/8h= +87.7% APRpaid last 24h −0.030%

Price spread now: Aster against Nado−0.027%7-day average — · you buy dearer than you sell

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

Long on Nado Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.027% cheaper against Nado than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$24 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	95.236	0.0100	pay 0.0012% / 1h	34m 25s	$43K	$12K	3x
Short	Aster ZHIPUUSDT	95.210	0.0901	get 0.0901% / 8h	34m 25s	$53K	$41K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now −0.027%Rate

Funding earned: $168.16
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: $150.43
Costs to cover: 0.150%
Break-even: 0.7 days

Slippage unknown: Nado: no order-book sample; Aster: 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 Nado no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Nado and Aster: 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	95.120	−0.122%	$1K	$537K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.020	−0.227%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0088%	1h	95.080	−0.164%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	95.236	long leg	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.210	−0.027%	$827	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0208%	8h	95.270	+0.036%	$3.2M	$10.0M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.052	−0.193%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0291%	1h	95.220	−0.017%	$33K	$22K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.0619%	1h	95.229	−0.007%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0646%	4h	95.050	−0.195%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDTshort	+0.0901%	8h	95.210	−0.027%	$53K	$41K	20x
KuCoin ZHIPUUSDTM	+0.1018%	4h	95.200	−0.038%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1072%	4h	95.213	−0.025%	$22.3M	$58.3M	25x	as long as short
Bybit ZHIPUUSDT	+0.1373%	8h	95.250	+0.015%	$356K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1553%	8h	95.140	−0.101%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1667%	4h	95.129	−0.112%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1914%	8h	95.140	−0.101%	$5.3M	$16.1M	25x	as long as short