Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h +0.092%

Price spread now: Ondo Perps against OKX−0.105%7-day average — · you buy dearer than you sell

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

Long on OKX 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 against this trade now: funding costs −$10 a day on $10k at the current rate, and Ondo Perps is 0.105% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ZHIPU-USDT-SWAP	94.960	0.1186	pay 0.1186% / 8h	5h 45m	$5.1M	$15.3M	25x
Short	Ondo Perps ZHIPU-USD.P	94.860	0.0838	get 0.0105% / 1h	45m 53s	$32K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$72.9
Price spread: −0.105% → 0.000%: −$10.53
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$98.43
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.53 bp	9.2 bp −$9	9.7 bp −$97	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	94.940	−0.021%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	−0.021%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.890	−0.074%	$16K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.780	−0.190%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.840	−0.126%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.898	−0.065%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.860	−0.105%	$39K	$272K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.880	−0.084%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.871	−0.093%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0142%	8h	94.765	−0.205%	$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	+0.0399%	4h	94.860	−0.105%	$22.0M	$55.8M	25x	as long as short
Bybit ZHIPUUSDT	+0.0595%	8h	94.860	−0.105%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0670%	1h	94.864	−0.101%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0766%	8h	94.930	−0.032%	$1.6M	$4.0M	20x	as long as short
edgeX ZHIPUUSDC	+0.0832%	4h	94.873	−0.092%	$20K	$151K	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0838%	1h	94.860	−0.105%	$32K	$19K	5x
OKX ZHIPU-USDT-SWAPlong	+0.1186%	8h	94.960	long leg	$5.1M	$15.3M	25x