Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0336%/8h= −36.8% APRpaid last 24h +0.257%

Price spread now: Ondo Perps against HTX+0.452%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 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 0.452% dearer against HTX than usual: you sell high and buy low (spread +0.452% now, against zero (this spread has no 7-day history yet)): +$45 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	95.090	0.0663	pay 0.0331% / 4h	37m 11s	$20K	$350K	20x
Short	Ondo Perps ZHIPU-USD.P	95.520	0.0327	get 0.0041% / 1h	37m 11s	$33K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now +0.452%Rate

Funding earned: −$70.5
Price spread: +0.452% → 0.000%: $45.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$42.27
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: HTX: live order book, just now; 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 HTX live order book, just now	44.67 bp	300.0 bp −$300	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	95.210	+0.126%	$1K	$555K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.090	0.000%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	95.130	+0.042%	$100K	$16K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.069	−0.022%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.080	−0.011%	$826	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0210%	8h	95.170	+0.084%	$3.2M	$10.0M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	95.130	+0.042%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0327%	1h	95.520	+0.452%	$33K	$22K	5x
tradeXYZ xyz:ZHIPU	+0.0653%	1h	95.078	−0.013%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDTlong	+0.0663%	4h	95.090	long leg	$20K	$350K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0908%	8h	95.093	+0.003%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1032%	4h	95.100	+0.011%	$38K	$113K	20x	as long as short
Binance ZHIPUUSDT	+0.1074%	4h	95.070	−0.021%	$22.3M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.1390%	8h	95.160	+0.074%	$356K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1562%	8h	95.150	+0.063%	$1.7M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1717%	4h	95.239	+0.157%	$20K	$154K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1928%	8h	95.210	+0.126%	$5.3M	$16.2M	25x	as long as short