Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0467%/8h= +51.2% APRpaid last 24h −0.244%

Price spread now: OKX against Ondo Perps+0.228%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 OKX

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

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and OKX is 0.228% dearer against Ondo Perps than usual: you sell high and buy low: +$23 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	96.360	0.1553	pay 0.0194% / 1h	52m 34s	$33K	$25K	5x
Short	OKX ZHIPU-USDT-SWAP	96.580	0.2020	get 0.2020% / 8h	1h 52m	$5.5M	$18.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.228%Rate

Funding earned: $98.13
Price spread: +0.228% → 0.000%: $22.83
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $105.96
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.52 bp	9.1 bp −$9	67.9 bp −$679	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	96.660	+0.311%	$1K	$845K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.440	+0.083%	$34K	$3K	10x	as long as short
Lighter ZHIPU	+0.0080%	1h	96.420	+0.062%	$101K	$17K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.180	−0.187%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.470	+0.114%	$838	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0183%	8h	96.630	+0.280%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0280%	1h	96.492	+0.137%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0924%	8h	96.400	+0.042%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1008%	4h	96.470	+0.114%	$39K	$121K	20x	as long as short
Binance ZHIPUUSDT	+0.1222%	4h	96.550	+0.197%	$22.9M	$69.0M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1234%	4h	96.520	+0.166%	$21K	$351K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.1553%	1h	96.360	long leg	$33K	$25K	5x
Bybit ZHIPUUSDT	+0.1611%	8h	96.560	+0.208%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1624%	8h	96.580	+0.228%	$1.7M	$4.4M	20x	as long as short
edgeX ZHIPUUSDC	+0.1671%	4h	96.423	+0.066%	$21K	$154K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1868%	1h	96.502	+0.147%	$27.2M	$8.0M	10x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.2020%	8h	96.580	+0.228%	$5.5M	$18.8M	25x