Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.6% APRpaid last 24h −0.201%

Price spread now: KuCoin against Ondo Perps+0.040%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 KuCoin

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.040% 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	99.350	0.0842	pay 0.0105% / 1h	47m 37s	$36K	$18K	5x
Short	KuCoin ZHIPUUSDTM	99.390	0.0938	get 0.0469% / 4h	1h 47m	$40K	$123K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $20.24
Price spread: +0.040% → 0.000%: $4.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $7.27
Costs to cover: 0.170%
Break-even: 4.5 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 41 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 KuCoin live order book, 41 min ago	18.91 bp	77.2 bp −$77	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
SunX ZHIPU-USDT	0.0000%	4h	99.660	+0.312%	$2K	$972K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	99.370	+0.020%	$35K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0063%	8h	99.728	+0.380%	$51K	$53K	20x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.870	−0.483%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.270	−0.081%	$51	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	99.387	+0.038%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0246%	8h	99.480	+0.131%	$3.1M	$10.3M	50x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0842%	1h	99.350	long leg	$36K	$18K	5x
HTX ZHIPU-USDT	+0.0845%	4h	99.500	+0.151%	$18K	$308K	20x	as long as short
Bitget ZHIPUUSDT	+0.0879%	8h	99.390	+0.040%	$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
KuCoin ZHIPUUSDTMshort	+0.0938%	4h	99.390	+0.040%	$40K	$123K	20x
OKX ZHIPU-USDT-SWAP	+0.0964%	8h	99.450	+0.101%	$5.3M	$16.0M	25x	as long as short
Lighter ZHIPU	+0.1144%	1h	99.300	−0.050%	$105K	$20K	10x	as long as short
Binance ZHIPUUSDT	+0.1795%	4h	99.260	−0.091%	$22.0M	$56.6M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1809%	1h	99.293	−0.057%	$27.4M	$6.5M	10x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+1.282%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2577%	8h	99.400	+0.050%	$372K	$1.3M	25x	as long as short