Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h −0.092%

Price spread now: Binance against Ondo Perps−0.326%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 Binance

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

Funding pays, the price is against you. Binance is 0.326% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.326% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 7.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	96.790	0.0845	pay 0.0106% / 1h	9m 43s	$33K	$25K	5x
Short	Binance ZHIPUUSDT	96.475	0.0988	get 0.0494% / 4h	2h 09m	$22.9M	$68.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.326%Rate

Funding earned: $30.03
Price spread: −0.326% → 0.000%: −$32.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.53
Costs to cover: 0.150%
Break-even: 11.1 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 3 min ago. 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 Binance live order book, 3 min ago	1.55 bp	10.5 bp −$10	40.8 bp −$408	145.7 bp −$14.6K	doesn't fit

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	96.920	+0.134%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.720	−0.072%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.432	−0.370%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.700	−0.093%	$840	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0106%	8h	96.640	−0.155%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.592	−0.205%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.410	−0.393%	$101K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0718%	4h	96.570	−0.227%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0761%	8h	96.510	−0.289%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0845%	1h	96.790	long leg	$33K	$25K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0900%	4h	96.710	−0.083%	$21K	$353K	20x	as long as short
Binance ZHIPUUSDTshort	+0.0988%	4h	96.475	−0.326%	$22.9M	$68.9M	25x
tradeXYZ xyz:ZHIPU	+0.1255%	1h	96.482	−0.318%	$27.2M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1424%	8h	96.540	−0.258%	$359K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.570	−0.227%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1874%	8h	96.550	−0.248%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.1876%	4h	96.474	−0.326%	$21K	$153K	10x	as long as short