Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1017%/8h= −111.4% APRpaid last 24h +0.228%

Price spread now: Ondo Perps against OKX−0.354%7-day average — · you buy dearer than you sell

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

Long on OKX 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 −$31 a day on $10k at the current rate, and Ondo Perps is 0.354% cheaper against OKX than usual: you would sell low and buy high (−$35 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	OKX ZHIPU-USDT-SWAP	96.150	0.1771	pay 0.1771% / 8h	3h 36m	$5.8M	$17.1M	25x
Short	Ondo Perps ZHIPU-USD.P	95.810	0.0754	get 0.0094% / 1h	36m 57s	$36K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.354%Rate

Funding earned: −$213.64
Price spread: −0.354% → 0.000%: −$35.36
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$264
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.52 bp	11.6 bp −$12	86.0 bp −$860	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	96.050	−0.104%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.080	−0.073%	$17K	$332K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.100	−0.052%	$101K	$20K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.040	−0.114%	$34K	$3K	10x	as long as short
Gate ZHIPU_USDT	+0.0080%	8h	96.110	−0.042%	$2.9M	$11.8M	50x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.082	−0.071%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.040	−0.114%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0192%	1h	96.048	−0.106%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0549%	8h	95.915	−0.244%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0754%	1h	95.810	−0.354%	$36K	$20K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0910%	4h	96.060	−0.094%	$39K	$124K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.1055%	1h	96.033	−0.122%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1179%	4h	96.036	−0.118%	$22.5M	$63.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.1361%	8h	96.100	−0.052%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1532%	8h	96.100	−0.052%	$271K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1694%	4h	96.110	−0.042%	$19K	$150K	10x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.1771%	8h	96.150	long leg	$5.8M	$17.1M	25x