Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0913%/8h= +100.0% APRpaid last 24h +0.284%

Price spread now: Ondo Perps against SunX+0.343%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Ondo Perps

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 +$27 a day on $10k at the current rate, and Ondo Perps is 0.343% dearer against SunX than usual: you sell high and buy low: +$34 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	SunX ZHIPU-USDT	96.140	0	get 0.0000% / 4h	2h 02m	$1K	$847K	10x
Short	Ondo Perps ZHIPU-USD.P	96.470	0.0913	get 0.0114% / 1h	2m 53s	$33K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now +0.343%Rate

Funding earned: $191.69
Price spread: +0.343% → 0.000%: $34.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $213.01
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: SunX: live order book, 20 min ago; Ondo Perps: 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 SunX live order book, 20 min ago	14.11 bp	122.3 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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-USDTlong	0.0000%	4h	96.140	long leg	$1K	$847K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	95.850	−0.302%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.560	−0.603%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.910	−0.239%	$833	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0127%	8h	95.960	−0.187%	$3.2M	$12.6M	50x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	95.814	−0.339%	—	—	10x	as long as short
Lighter ZHIPU	+0.0456%	1h	95.870	−0.281%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0804%	4h	95.910	−0.239%	$38K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0813%	8h	96.060	−0.083%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0913%	1h	96.470	+0.343%	$33K	$25K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1008%	4h	95.910	−0.239%	$20K	$352K	20x	as long as short
edgeX ZHIPUUSDC	+0.1051%	4h	96.031	−0.113%	$20K	$154K	10x	as long as short
Binance ZHIPUUSDT	+0.1058%	4h	95.870	−0.281%	$22.7M	$69.0M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1297%	1h	95.848	−0.304%	$27.0M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1483%	8h	95.970	−0.177%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1520%	8h	95.920	−0.229%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1930%	8h	95.950	−0.198%	$5.5M	$18.6M	25x	as long as short