Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0605%/8h= −66.3% APRpaid last 24h +0.226%

Price spread now: Ondo Perps against Bitget−0.198%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 against this trade now: funding costs −$18 a day on $10k at the current rate, and Ondo Perps is 0.198% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ZHIPUUSDT	96.000	0.1370	pay 0.1370% / 8h	3h 41m	$1.8M	$4.1M	20x
Short	Ondo Perps ZHIPU-USD.P	95.810	0.0765	get 0.0096% / 1h	41m 00s	$36K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$127.09
Price spread: −0.198% → 0.000%: −$19.79
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$163.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.61 bp	18.9 bp −$19	45.9 bp −$459	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-USDT	0.0000%	4h	95.860	−0.146%	$2K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	95.930	−0.073%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.030	+0.031%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.890	−0.115%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0088%	8h	95.970	−0.031%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.970	−0.032%	$26K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.900	−0.104%	$565	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	95.914	−0.090%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0564%	8h	95.895	−0.109%	$49K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0765%	1h	95.810	−0.198%	$36K	$20K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0946%	4h	95.960	−0.042%	$39K	$125K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1109%	1h	95.958	−0.044%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1223%	4h	95.940	−0.062%	$22.5M	$63.4M	25x	as long as short
Bitget ZHIPUUSDTlong	+0.1370%	8h	96.000	long leg	$1.8M	$4.1M	20x
Bybit ZHIPUUSDT	+0.1569%	8h	95.930	−0.073%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1683%	4h	95.958	−0.043%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1779%	8h	96.100	+0.104%	$5.7M	$17.0M	25x	as long as short