Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0646%/8h= +70.8% APRpaid last 24h +0.154%

Price spread now: Ondo Perps against KuCoin+0.053%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Ondo Perps is 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 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	KuCoin ZHIPUUSDTM	94.760	0.0100	pay 0.0050% / 4h	2h 15m	$39K	$244K	20x
Short	Ondo Perps ZHIPU-USD.P	94.810	0.0746	get 0.0093% / 1h	15m 07s	$32K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $135.74
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $124.02
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: KuCoin: live order book, 27 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 KuCoin live order book, 27 min ago	17.40 bp	109.9 bp −$110	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 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.780	+0.021%	$3.3M	$10.2M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.790	+0.032%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.730	−0.032%	$15K	$346K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.610	−0.158%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.700	−0.063%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.711	−0.052%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0100%	4h	94.760	long leg	$39K	$244K	20x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.690	−0.074%	$823	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.704	−0.059%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0273%	8h	94.672	−0.093%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0490%	4h	94.698	−0.065%	$21.9M	$55.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0516%	1h	94.683	−0.081%	$26.6M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.0674%	8h	94.800	+0.042%	$355K	$1.2M	25x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0746%	1h	94.810	+0.053%	$32K	$19K	5x
Bitget ZHIPUUSDT	+0.0925%	8h	94.780	+0.021%	$1.6M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.1299%	4h	94.697	−0.066%	$20K	$152K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1330%	8h	94.770	+0.011%	$5.1M	$15.3M	25x	as long as short