Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.006%

Price spread now: Gate against Nado+0.052%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Gate

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

The price spread pays, funding is against you. Gate is 0.052% dearer against Nado than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	94.711	0.0100	pay 0.0012% / 1h	15m 04s	$43K	$12K	3x
Short	Gate ZHIPU_USDT	94.760	0	get 0.0000% / 8h	6h 15m	$3.3M	$10.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: −$21
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$37.81
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Nado: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	4.75 bp	16.1 bp −$16	44.0 bp −$440	81.2 bp −$8,118	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 exchanges

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
Gate ZHIPU_USDTshort	0.0000%	8h	94.760	+0.052%	$3.3M	$10.2M	50x
SunX ZHIPU-USDT	0.0000%	4h	94.790	+0.084%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.730	+0.020%	$15K	$346K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.610	−0.107%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.700	−0.011%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	94.711	long leg	$43K	$12K	3x
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.760	+0.052%	$39K	$244K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.690	−0.022%	$823	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.704	−0.007%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0273%	8h	94.672	−0.041%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0490%	4h	94.695	−0.017%	$21.9M	$55.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0513%	1h	94.656	−0.058%	$26.6M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.0674%	8h	94.790	+0.084%	$355K	$1.2M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0746%	1h	94.810	+0.105%	$32K	$19K	5x	as long as short
Bitget ZHIPUUSDT	+0.0925%	8h	94.760	+0.052%	$1.6M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1299%	4h	94.697	−0.014%	$20K	$152K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1330%	8h	94.770	+0.062%	$5.1M	$15.3M	25x	as long as short