Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0788%/8h= +86.3% APRpaid last 24h +0.102%

Price spread now: edgeX against Ondo Perps+0.037%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and edgeX is 0.037% dearer against Ondo Perps than usual: you sell high and buy low: +$4 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	Ondo Perps ZHIPU-USD.P	94.110	0.0141	pay 0.0018% / 1h	21m 18s	$32K	$19K	5x
Short	edgeX ZHIPUUSDC	94.145	0.0929	get 0.0464% / 4h	3h 21m	$20K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $165.45
Price spread: +0.037% → 0.000%: $3.69
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $155.14
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 10 min ago. 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 edgeX live order book, 10 min ago	14.40 bp	82.4 bp −$82	doesn't fit	doesn't fit	doesn't fit

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
Bybit ZHIPUUSDT	−0.0016%	8h	94.460	+0.372%	$352K	$1.2M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	94.450	+0.361%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.550	+0.468%	$2K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.480	+0.393%	$15K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.290	+0.191%	$99K	$16K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	94.237	+0.135%	$26.5M	$6.9M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.240	+0.138%	$33K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.249	+0.148%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.280	+0.181%	$819	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0128%	1h	94.257	+0.156%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.Plong	+0.0141%	1h	94.110	long leg	$32K	$19K	5x
Binance ZHIPUUSDT	+0.0504%	4h	94.444	+0.355%	$22.0M	$55.4M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0528%	4h	94.360	+0.266%	$39K	$180K	20x	as long as short
Aster ZHIPUUSDT	+0.0627%	8h	94.301	+0.203%	$53K	$33K	20x	as long as short
edgeX ZHIPUUSDCshort	+0.0929%	4h	94.145	+0.037%	$20K	$151K	10x
Bitget ZHIPUUSDT	+0.1150%	8h	94.510	+0.425%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1619%	8h	94.560	+0.478%	$5.1M	$15.1M	25x	as long as short