Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0712%/8h= −78.0% APRpaid last 24h −0.271%

Price spread now: Gate against Ondo Perps+0.146%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 Gate

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

The price spread pays, funding is against you. Gate is 0.146% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	96.070	0.0814	pay 0.0102% / 1h	46m 47s	$36K	$20K	5x
Short	Gate ZHIPU_USDT	96.210	0.0102	get 0.0102% / 8h	3h 46m	$2.9M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.146%Rate

Funding earned: −$149.6
Price spread: +0.146% → 0.000%: $14.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$155.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 2 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 Gate live order book, 2 min ago	4.15 bp	15.5 bp −$15	49.3 bp −$493	84.1 bp −$8,414	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
SunX ZHIPU-USDT	0.0000%	4h	96.030	−0.042%	$1K	$851K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.110	+0.042%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0096%	1h	96.190	+0.125%	$101K	$20K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.208	+0.143%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.100	+0.031%	$567	$798	10x	as long as short
Gate ZHIPU_USDTshort	+0.0102%	8h	96.210	+0.146%	$2.9M	$11.8M	50x
Aevo ZHIPU-PERP	+0.0192%	1h	96.100	+0.031%	—	—	10x	as long as short
HTX ZHIPU-USDT	+0.0522%	4h	96.130	+0.062%	$17K	$332K	20x	as long as short
Aster ZHIPUUSDT	+0.0578%	8h	95.877	−0.201%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0814%	1h	96.070	long leg	$36K	$20K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0992%	4h	96.150	+0.083%	$39K	$125K	20x	as long as short
Binance ZHIPUUSDT	+0.1268%	4h	96.118	+0.050%	$22.6M	$63.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1337%	1h	96.186	+0.121%	$27.0M	$7.2M	10x	as long as short
Bitget ZHIPUUSDT	+0.1379%	8h	96.160	+0.094%	$1.9M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1608%	8h	96.080	+0.010%	$272K	$1.4M	25x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1801%	8h	96.270	+0.208%	$5.8M	$17.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.1854%	4h	96.237	+0.174%	$19K	$151K	10x	as long as short