Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0705%/8h= +77.2% APRpaid last 24h +0.271%

Price spread now: Ondo Perps against Gate+0.239%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$21 a day on $10k at the current rate, and Ondo Perps is 0.239% dearer against Gate than usual: you sell high and buy low: +$24 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	Gate ZHIPU_USDT	96.040	0.0040	pay 0.0040% / 8h	3h 04m	$2.9M	$11.9M	50x
Short	Ondo Perps ZHIPU-USD.P	96.270	0.0745	get 0.0093% / 1h	4m 47s	$36K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now +0.239%Rate

Funding earned: $148.01
Price spread: +0.239% → 0.000%: $23.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $151.96
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	2.08 bp	14.2 bp −$14	50.4 bp −$504	87.1 bp −$8,708	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	96.100	+0.062%	$1K	$848K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	95.890	−0.156%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.100	+0.062%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDTlong	+0.0040%	8h	96.040	long leg	$2.9M	$11.9M	50x
SoDEX ZHIPU-USD	+0.0050%	1h	96.010	−0.031%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.127	+0.090%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.040	0.000%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	96.013	−0.028%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0453%	8h	96.187	+0.153%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0588%	4h	96.060	+0.021%	$39K	$121K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.0732%	1h	96.035	−0.005%	$26.9M	$7.2M	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0745%	1h	96.270	+0.239%	$36K	$20K	5x
Binance ZHIPUUSDT	+0.0832%	4h	95.958	−0.086%	$22.5M	$63.5M	25x	as long as short
edgeX ZHIPUUSDC	+0.0993%	4h	96.026	−0.015%	$19K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.1267%	8h	96.070	+0.031%	$267K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1269%	8h	96.020	−0.021%	$1.8M	$4.1M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1661%	8h	96.050	+0.010%	$5.7M	$17.1M	25x	as long as short