Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0198%/8h= +21.6% APRpaid last 24h +0.020%

Price spread now: OKX against Nado+0.238%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 OKX

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 +$6 a day on $10k at the current rate, and OKX is 0.238% dearer against Nado than usual: you sell high and buy low: +$24 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	106.30	0.0100	pay 0.0012% / 1h	59m 27s	$23K	$20	3x
Short	OKX ZHIPU-USDT-SWAP	106.55	0.0298	get 0.0298% / 8h	6h 59m	$5.1M	$18.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.238%Rate

Funding earned: $41.5
Price spread: +0.238% → 0.000%: $23.83
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $48.33
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Nado: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.47 bp	12.7 bp −$13	64.3 bp −$643	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
Aster ZHIPUUSDT	0.0000%	8h	105.92	−0.357%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.28	−0.016%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0030%	8h	106.37	+0.069%	$2.9M	$10.1M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.23	−0.063%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	106.30	long leg	$23K	$20	3x
Aevo ZHIPU-PERP	+0.0104%	1h	106.21	−0.082%	—	—	10x	as long as short
Lighter ZHIPU	+0.0112%	1h	106.32	+0.022%	$112K	$20K	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.17	−0.119%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0244%	4h	106.06	−0.223%	$42K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.0298%	8h	106.55	+0.238%	$5.1M	$18.8M	25x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0319%	8h	106.31	+0.012%	$1.8M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0789%	4h	106.15	−0.138%	$19K	$315K	20x	as long as short
Binance ZHIPUUSDT	+0.0956%	4h	106.21	−0.079%	$21.3M	$57.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1743%	1h	106.33	+0.031%	$29.1M	$7.9M	10x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.076%	$21K	$151K	10x	as long as short
Bybit ZHIPUUSDT	+0.2123%	8h	106.33	+0.031%	$405K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2276%	1h	106.29	−0.006%	$37K	$22K	5x	as long as short