Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0748%/8h= +81.9% APRpaid last 24h −0.008%

Price spread now: HTX against Nado+0.261%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 HTX

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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and HTX is 0.261% dearer against Nado than usual: you sell high and buy low: +$26 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado ZHIPU-PERP	96.398	0.0100	pay 0.0012% / 1h	33m 09s	$27K	$3K	3x
Short	HTX ZHIPU-USDT	96.650	0.0848	get 0.0424% / 4h	33m 09s	$17K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.261%Rate

Funding earned: $157
Price spread: +0.261% → 0.000%: $26.12
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: $164.12
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; HTX: live order book, 24 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 HTX live order book, 24 min ago	5.62 bp	12.7 bp −$13	35.8 bp −$358	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	96.670	+0.282%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.530	+0.137%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	96.398	long leg	$27K	$3K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.550	+0.157%	$569	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.634	+0.244%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0277%	8h	96.670	+0.282%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0388%	1h	95.990	−0.423%	$36K	$20K	5x	as long as short
Lighter ZHIPU	+0.0624%	1h	96.670	+0.282%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.476	+0.081%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDTshort	+0.0848%	4h	96.650	+0.261%	$17K	$327K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1034%	1h	96.585	+0.194%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1458%	4h	96.700	+0.313%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1499%	8h	96.690	+0.303%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1835%	8h	96.760	+0.375%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2070%	4h	96.554	+0.162%	$22.6M	$60.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2345%	8h	96.610	+0.220%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2474%	4h	96.159	−0.248%	$19K	$150K	10x	as long as short