Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0498%/8h= −54.5% APRpaid last 24h +0.278%

Price spread now: Ondo Perps against Aster+0.058%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.058% dearer against Aster than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster ZHIPUUSDT	96.025	0.0669	pay 0.0669% / 8h	4h 17m	$49K	$51K	20x
Short	Ondo Perps ZHIPU-USD.P	96.080	0.0171	get 0.0021% / 1h	17m 09s	$36K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$104.62
Price spread: +0.058% → 0.000%: $5.77
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$111.84
Costs to cover: 0.130%
Break-even: never at this rate

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

Aster and Ondo Perps: 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	95.790	−0.244%	$1K	$850K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.840	−0.192%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.922	−0.107%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.870	−0.161%	$565	$798	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0171%	1h	96.080	+0.058%	$36K	$20K	5x
Gate ZHIPU_USDT	+0.0190%	8h	95.980	−0.046%	$3.0M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0208%	1h	95.920	−0.109%	—	—	10x	as long as short
Lighter ZHIPU	+0.0296%	1h	95.940	−0.088%	$101K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0582%	4h	95.790	−0.244%	$17K	$331K	20x	as long as short
Aster ZHIPUUSDTlong	+0.0669%	8h	96.025	long leg	$49K	$51K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0709%	1h	95.861	−0.170%	$26.9M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1230%	4h	95.880	−0.151%	$39K	$125K	20x	as long as short
Bitget ZHIPUUSDT	+0.1438%	8h	95.970	−0.057%	$1.9M	$3.9M	20x	as long as short
Binance ZHIPUUSDT	+0.1721%	4h	95.840	−0.192%	$22.5M	$61.8M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1834%	8h	96.050	+0.026%	$5.7M	$16.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.1963%	8h	95.930	−0.098%	$273K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2277%	4h	96.322	+0.310%	$19K	$150K	10x	as long as short