Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h +0.202%

Price spread now: Ondo Perps against KuCoin−0.231%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$22 a day on $10k at the current rate, and Ondo Perps is 0.231% cheaper against KuCoin than usual: you would sell low and buy high (−$23 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	KuCoin ZHIPUUSDTM	95.170	0.0988	pay 0.0494% / 4h	30m 44s	$38K	$112K	20x
Short	Ondo Perps ZHIPU-USD.P	94.950	0.0240	get 0.0030% / 1h	30m 44s	$33K	$22K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.231%Rate

Funding earned: −$157.08
Price spread: −0.231% → 0.000%: −$23.12
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$197.2
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 63 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 KuCoin live order book, 63 min ago	12.51 bp	59.5 bp −$60	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-USDT	0.0000%	4h	95.090	−0.084%	$1K	$508K	10x	as long as short
Lighter ZHIPU	+0.0048%	1h	95.190	+0.021%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.130	−0.042%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.108	−0.065%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.110	−0.063%	$826	$798	10x	as long as short
Gate ZHIPU_USDT	+0.0201%	8h	95.190	+0.021%	$3.2M	$10.1M	50x	as long as short
Aevo ZHIPU-PERP	+0.0216%	1h	95.156	−0.015%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0240%	1h	94.950	−0.231%	$33K	$22K	5x
tradeXYZ xyz:ZHIPU	+0.0528%	1h	95.091	−0.083%	$26.9M	$7.3M	10x	as long as short
HTX ZHIPU-USDT	+0.0587%	4h	95.180	+0.011%	$20K	$350K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0889%	8h	95.093	−0.081%	$53K	$41K	20x	as long as short
KuCoin ZHIPUUSDTMlong	+0.0988%	4h	95.170	long leg	$38K	$112K	20x
Binance ZHIPUUSDT	+0.1038%	4h	95.086	−0.089%	$22.3M	$58.1M	25x	as long as short
Bybit ZHIPUUSDT	+0.1349%	8h	95.140	−0.032%	$355K	$1.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1529%	8h	95.130	−0.042%	$1.7M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1891%	8h	95.210	+0.042%	$5.3M	$16.0M	25x	as long as short
edgeX ZHIPUUSDC	+0.2060%	4h	94.985	−0.194%	$20K	$154K	10x	as long as short