Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0594%/8h= −65.1% APRpaid last 24h +0.161%

Price spread now: Ondo Perps against Bybit+0.141%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.141% dearer against Bybit than usual: you sell high and buy low (spread +0.141% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	106.19	0.2168	pay 0.2168% / 8h	7h 02m	$405K	$1.4M	25x
Short	Ondo Perps ZHIPU-USD.P	106.34	0.1574	get 0.0197% / 1h	2m 31s	$37K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now +0.141%Rate

Funding earned: −$124.81
Price spread: +0.141% → 0.000%: $14.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$126.68
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; 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 Bybit live order book, 3 min ago	3.28 bp	41.9 bp −$42	221.9 bp −$2,219	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Aster ZHIPUUSDT	0.0000%	8h	105.89	−0.285%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.50	+0.292%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0024%	8h	106.26	+0.066%	$2.9M	$13.2M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.09	−0.094%	$38K	$3K	10x	as long as short
Lighter ZHIPU	+0.0080%	1h	106.37	+0.170%	$112K	$21K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.22	+0.025%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.08	−0.104%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.09	−0.094%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0232%	4h	106.29	+0.094%	$42K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0284%	8h	106.36	+0.160%	$5.1M	$18.8M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0316%	8h	106.18	−0.009%	$1.8M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0814%	4h	106.19	0.000%	$19K	$315K	20x	as long as short
Binance ZHIPUUSDT	+0.0934%	4h	106.09	−0.091%	$21.3M	$57.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0951%	1h	106.21	+0.019%	$29.1M	$7.9M	10x	as long as short
edgeX ZHIPUUSDC	+0.0960%	4h	106.82	+0.593%	$21K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.1574%	1h	106.34	+0.141%	$37K	$22K	5x
Bybit ZHIPUUSDTlong	+0.2168%	8h	106.19	long leg	$405K	$1.4M	25x