Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.2329%/8h= −255.0% APRpaid last 24h −0.025%
Price spread now: Ondo Perps against edgeX−0.689%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$70 a day on $10k at the current rate, and Ondo Perps is 0.689% cheaper against edgeX than usual: you would sell low and buy high (−$69 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ZHIPUUSDC96.6560.2739pay 0.1370% / 4h33m 46s$19K$150K10x
ShortOndo Perps ZHIPU-USD.P95.9900.0410get 0.0051% / 1h33m 46s$36K$20K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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

Funding earned
−$489.11
Price spread: −0.689% → 0.000%
−$68.94
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$572.05
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 23 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 23 min ago12.27 bp21.0 bp −$21doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX ZHIPU-USDT0.0000%4h96.450−0.214%$2K$843K10xas long as short
SoDEX ZHIPU-USD+0.0050%1h96.410−0.255%$34K$3K10xas long as short
Nado ZHIPU-PERP+0.0100%1h96.241−0.430%$27K$3K3xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0100%8h96.350−0.317%$568$79810xas long as short
Aevo ZHIPU-PERP+0.0232%1h96.418−0.247%10xas long as short
Gate ZHIPU_USDT+0.0283%8h96.680+0.024%$3.0M$11.5M50xas long as short
Ondo Perps ZHIPU-USD.Pshort+0.0410%1h95.990−0.689%$36K$20K5x
Lighter ZHIPU+0.0624%1h96.590−0.069%$102K$20K10xas long as short
Aster ZHIPUUSDT+0.0710%8h96.472−0.190%$50K$51K20xas long as short
HTX ZHIPU-USDT+0.0863%4h96.390−0.276%$18K$327K20xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:ZHIPU+0.1040%1h96.500−0.162%$27.2M$7.2M10xas long as short
KuCoin ZHIPUUSDTM+0.1470%4h96.470−0.193%$39K$124K20xas long as short
Bitget ZHIPUUSDT+0.1501%8h96.680+0.024%$1.9M$3.9M20xas long as short
OKX ZHIPU-USDT-SWAP+0.1832%8h96.730+0.076%$5.6M$16.3M25xas long as short
Binance ZHIPUUSDT+0.2070%4h96.474−0.189%$22.5M$60.5M25xas long as short
Bybit ZHIPUUSDT+0.2345%8h96.530−0.131%$290K$1.4M25xas long as short
edgeX ZHIPUUSDClong+0.2739%4h96.656long leg$19K$150K10x