Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1173%/8h= −128.4% APRpaid last 24h −0.226%

Price spread now: Orderly against Ondo Perps+0.009%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 Orderly

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$35 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	105.72	0.1362	pay 0.0170% / 1h	15m 40s	$37K	$22K	5x
Short	Orderly PERP_ZHIPU_USDC_mythos	105.73	0.0189	get 0.0189% / 8h	15m 40s	$77	$266	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.009%Rate

Funding earned: −$246.29
Price spread: +0.009% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$256.34
Costs to cover: 0.110%
Break-even: never at this rate

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

Ondo Perps and Orderly: 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
Aster ZHIPUUSDT	0.0000%	8h	105.27	−0.422%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.82	+0.095%	$2K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.65	−0.066%	$19K	$316K	20x	as long as short
Gate ZHIPU_USDT	+0.0006%	8h	105.85	+0.123%	$2.9M	$13.4M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	105.72	0.000%	$38K	$3K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0096%	8h	105.89	+0.161%	$5.0M	$18.8M	25x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.81	+0.081%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.77	+0.047%	$41K	$130K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.62	−0.099%	—	—	10x	as long as short
Bitget ZHIPUUSDT	+0.0186%	8h	105.79	+0.066%	$1.7M	$4.4M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0189%	8h	105.73	+0.009%	$77	$266	10x
Binance ZHIPUUSDT	+0.0243%	4h	105.70	−0.019%	$21.1M	$57.7M	25x	as long as short
Lighter ZHIPU	+0.0328%	1h	105.80	+0.076%	$112K	$19K	10x	as long as short
Bybit ZHIPUUSDT	+0.0474%	8h	105.88	+0.151%	$306K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.0875%	4h	105.86	+0.128%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0978%	1h	105.75	+0.028%	$29.1M	$7.9M	10x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.1362%	1h	105.72	long leg	$37K	$22K	5x