Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1469%/8h= +160.8% APRpaid last 24h +0.074%

Price spread now: Bybit against Nado−0.041%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 Bybit

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

Funding pays, the price is against you. Bybit is 0.041% cheaper against Nado than usual: you would sell low and buy high (spread −0.041% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$44 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	95.970	0.0100	pay 0.0012% / 1h	41m 24s	$26K	$4K	3x
Short	Bybit ZHIPUUSDT	95.930	0.1569	get 0.1569% / 8h	3h 41m	$271K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.041%Rate

Funding earned: $308.43
Price spread: −0.041% → 0.000%: −$4.13
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $286.31
Costs to cover: 0.180%
Break-even: 0.5 days

Slippage unknown: Nado: no order-book sample; Bybit: live order book, 5 min ago. 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 Bybit live order book, 5 min ago	4.16 bp	43.0 bp −$43	199.0 bp −$1,990	doesn't fit	doesn't fit

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	95.860	−0.114%	$2K	$851K	10x	as long as short
Lighter ZHIPU	+0.0048%	1h	95.980	+0.011%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.870	−0.104%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0088%	8h	95.960	−0.010%	$2.9M	$11.8M	50x	as long as short
HTX ZHIPU-USDT	+0.0096%	4h	95.850	−0.125%	$17K	$332K	20x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	95.970	long leg	$26K	$4K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	−0.073%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.881	−0.092%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0564%	8h	95.895	−0.077%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0765%	1h	95.810	−0.166%	$36K	$20K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0946%	4h	95.970	0.000%	$39K	$125K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1125%	1h	95.954	−0.016%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1223%	4h	95.880	−0.093%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1370%	8h	95.990	+0.021%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDTshort	+0.1569%	8h	95.930	−0.041%	$271K	$1.4M	25x
edgeX ZHIPUUSDC	+0.1683%	4h	95.958	−0.012%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1779%	8h	95.980	+0.011%	$5.7M	$17.0M	25x	as long as short