Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0626%/8h= −68.5% APRnext payment −$0.78 per $10,000 · paid last 24h —

Price spread now: Aevo against Ondo Perps−0.036%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days—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 −$19 a day on $10k at the current rate, and Aevo is 0.036% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 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	Ondo Perps ZHIPU-USD.P	94.830	0.0730	pay 0.0091% / 1h	27m 35s	$32K	$18K	5x
Short	Aevo ZHIPU-PERP	94.796	0.0104	get 0.0013% / 1h	27m 35s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Ondo Perps. 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 Ondo PerpsbpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: −$131.38
Price spread: −0.036% → 0.000%: −$3.64
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$156.01
Costs to cover: 0.210%
Break-even: never at this rate

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

Ondo Perps and Aevo: 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	94.930	+0.105%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	+0.116%	$2K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.900	+0.074%	$16K	$346K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.770	−0.063%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.820	−0.011%	$34K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0072%	8h	94.804	−0.028%	$54K	$33K	20x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.834	+0.005%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.840	+0.011%	$39K	$288K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.810	−0.021%	$824	$798	10x	as long as short
Aevo ZHIPU-PERPshort	+0.0104%	1h	94.796	−0.036%	—	—	10x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0318%	4h	94.880	+0.053%	$22.0M	$55.8M	25x	as long as short
edgeX ZHIPUUSDC	+0.0358%	4h	94.806	−0.025%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.0473%	8h	94.930	+0.105%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0481%	1h	94.812	−0.019%	$26.6M	$6.8M	10x	as long as short
Bitget ZHIPUUSDT	+0.0654%	8h	94.950	+0.127%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0730%	1h	94.830	long leg	$32K	$18K	5x
OKX ZHIPU-USDT-SWAP	+0.1096%	8h	94.970	+0.148%	$5.1M	$15.3M	25x	as long as short