Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0479%/8h= +52.4% APRpaid last 24h −0.215%

Price spread now: Aster against Ondo Perps−0.126%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.126% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	94.430	0.0142	pay 0.0018% / 1h	20m 20s	$32K	$19K	5x
Short	Aster ZHIPUUSDT	94.311	0.0620	get 0.0620% / 8h	7h 20m	$53K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now −0.126%Rate

Funding earned: $100.5
Price spread: −0.126% → 0.000%: −$12.59
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $74.91
Costs to cover: 0.130%
Break-even: 1.8 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Ondo Perps and Aster: 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
Bybit ZHIPUUSDT	0.0000%	8h	94.560	+0.138%	$355K	$1.2M	25x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	94.510	+0.085%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.460	+0.032%	$2K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.390	−0.042%	$15K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.330	−0.106%	$100K	$16K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	94.268	−0.172%	$26.5M	$6.9M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.310	−0.127%	$33K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.281	−0.157%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.350	−0.085%	$820	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0128%	1h	94.314	−0.123%	—	—	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps ZHIPU-USD.Plong	+0.0142%	1h	94.430	long leg	$32K	$19K	5x
Binance ZHIPUUSDT	+0.0505%	4h	94.370	−0.064%	$22.0M	$55.4M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0528%	4h	94.370	−0.064%	$39K	$181K	20x	as long as short
Aster ZHIPUUSDTshort	+0.0620%	8h	94.311	−0.126%	$53K	$33K	20x
edgeX ZHIPUUSDC	+0.0929%	4h	94.145	−0.302%	$20K	$151K	10x	as long as short
Bitget ZHIPUUSDT	+0.1149%	8h	94.450	+0.021%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1614%	8h	94.440	+0.011%	$5.1M	$15.1M	25x	as long as short