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
PopdexZHIPUUSDT
81.480+0.0048pay 0.0006% / 1h51m 17s$103K$336K20xLong Popdex
SHORT
Ondo PerpsZHIPU-USD.P
81.290+0.0050get 0.0006% / 1h51m 17s$25K$57K5xShort Ondo Perps5% off
Price gap−0.233%
Funding gap+0.0002% /8h

Funding is ≈ 0 and the gap is 0.233% under zero (no 7-day history yet): the price leg works against you, −$23 on $10k if it goes back.

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 −0.233% 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

Ondo Perps price against Popdexnow
RANGE STATS · 7D
Now−0.233%
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$500 + $2,000
    Popdex 20x, Ondo Perps 5x. 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 Popdex: 24 payments, −$1.44; short Ondo Perps: 24 payments, +$1.51.
  • Note: No 7-day spread history−0.233%
    The gap cannot be compared with its average yet.
  • Watch: Short leg is thinner$25K vs $103K 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 legPopdex No · Ondo Perps 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−0.233% → 0−$23.32
Slippage, 4 ordersno data for Ondo Perps—
Fee Popdex bp × 2 orders−$6.40
Fee Ondo Perps bp × 2 orders−$5.00
Net, fees only · 7 days · $10k−$34.21
Costs to cover0.114%Break-even482.2 days
Slippage: Popdex: live order book, 32 min ago; Ondo Perps: no order-book sample

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex4.3640.2 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTOndo Perps—————

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 ↗