Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

ZHIPU

RWAAll ZHIPU markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Ondo PerpsZHIPU-USD.P
79.640+0.0050pay 0.0006% / 1h41m 29s$26K$53K5xLong Ondo Perps5% off
SHORT
PopdexZHIPUUSDT
79.710+0.0048get 0.0006% / 1h41m 29s$101K$335K20xShort Popdex
Price gap+0.088%
Funding gap−0.0002% /8h

Funding is ≈ 0, so this is a price-spread trade: +$9 on $10k if the gap goes back to zero (no 7-day history yet).

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding—−0.0002% /8h now · no funding history yet
Price—spread +0.088% now · no price history on both exchanges yet
Costsno datano order book for Ondo Perps
Result, before costs—+ Points / potential airdropOndo Perps: points · farm boardneeds funding history

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Ondo Perpsnow
RANGE STATS · 7D
Now+0.088%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZHIPU on 18 exchanges

lowest funding first

Before you open

3 ok · 1 to watch
  • Note: Order book unknown—
    No order-book sample for Ondo Perps: its slippage is not counted.
  • Note: Margin at max leverage$2,000 + $500
    Ondo Perps 5x, Popdex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$0.07Long Ondo Perps: 24 payments, −$1.51; short Popdex: 24 payments, +$1.44.
  • Note: No 7-day spread history+0.088%
    The gap cannot be compared with its average yet.
  • Watch: Long leg is thinner$26K vs $101K OI
    Ondo Perps sets your exit cost. Check its book before closing.
  • OK: Points on a legOndo Perps points
    Volume here counts toward the points program.
  • OK: No KYC on either legOndo Perps No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earnedno history yet: current rate−$0.50
Price spread+0.088% → 0+$8.79
Slippage, 4 ordersno data for Ondo Perps—
Fee Ondo Perps bp × 2 orders−$5.00
Fee Popdex bp × 2 orders−$6.40
Net, fees only · 7 days · $10k−$3.11
Costs to cover0.114%Break-evennever at this rate
Slippage: Ondo Perps: no order-book sample; Popdex: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGOndo Perps—————
SELL · SHORTPopdex3.1231.6 bp−$32doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.
Ondo Perps: no data.

Alert

ZHIPU news

posts that mention ZHIPU, from every exchangeSearch all news →
09-23 02:03SoDEXListing📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗