Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0628%/8h= −68.8% APRpaid last 24h −0.272%

Price spread now: Aster against Ondo Perps+0.240%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.240% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.240% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	98.850	0.1223	pay 0.0153% / 1h	7m 30s	$36K	$21K	5x
Short	Aster ZHIPUUSDT	99.087	0.0595	get 0.0595% / 8h	5h 07m	$51K	$52K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.240%Rate

Funding earned: −$131.95
Price spread: +0.240% → 0.000%: $23.99
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$120.96
Costs to cover: 0.130%
Break-even: from the start

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

Ondo Perps and Aster: 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	99.020	+0.172%	$1K	$861K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.880	+0.030%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.232	+0.386%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.890	+0.040%	$583	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0136%	1h	98.977	+0.129%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0472%	8h	99.160	+0.314%	$3.2M	$11.1M	50x	as long as short
Aster ZHIPUUSDTshort	+0.0595%	8h	99.087	+0.240%	$51K	$52K	20x
Ondo Perps ZHIPU-USD.Plong	+0.1223%	1h	98.850	long leg	$36K	$21K	5x
HTX ZHIPU-USDT	+0.1253%	4h	98.790	−0.061%	$18K	$323K	20x	as long as short
Bitget ZHIPUUSDT	+0.1378%	8h	99.370	+0.526%	$2.0M	$3.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.1456%	1h	99.110	+0.263%	$104K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1574%	4h	99.220	+0.374%	$40K	$122K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1575%	8h	99.390	+0.546%	$5.4M	$15.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1899%	1h	99.124	+0.277%	$27.9M	$6.6M	10x	as long as short
Binance ZHIPUUSDT	+0.2338%	4h	99.178	+0.332%	$23.0M	$58.2M	25x	as long as short
Bybit ZHIPUUSDT	+0.2903%	8h	99.280	+0.435%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.3177%	4h	98.802	−0.048%	$19K	$150K	10x	as long as short