Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2218%/8h= −242.9% APRpaid last 24h −0.223%

Price spread now: Bitget against Ondo Perps−0.206%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 5 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 −$67 a day on $10k at the current rate, and Bitget is 0.206% cheaper against Ondo Perps than usual: you would sell low and buy high (−$21 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	Ondo Perps ZHIPU-USD.P	106.62	0.2652	pay 0.0331% / 1h	34m 19s	$37K	$24K	5x
Short	Bitget ZHIPUUSDT	106.40	0.0434	get 0.0434% / 8h	6h 34m	$2.0M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$465.78
Price spread: −0.206% → 0.000%: −$20.63
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$503.41
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 4 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 Bitget live order book, 4 min ago	4.71 bp	29.8 bp −$30	62.9 bp −$629	doesn't fit	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
Aster ZHIPUUSDT	0.0000%	8h	106.25	−0.343%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.16	−0.431%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.26	−0.338%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.40	−0.210%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.25	−0.345%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0176%	8h	106.39	−0.216%	$2.9M	$10.6M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0199%	8h	106.26	−0.338%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0403%	8h	106.53	−0.084%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDTshort	+0.0434%	8h	106.40	−0.206%	$2.0M	$4.4M	20x
KuCoin ZHIPUUSDTM	+0.0466%	4h	106.34	−0.263%	$43K	$128K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPU	+0.0712%	1h	106.38	−0.225%	$113K	$20K	10x	as long as short
HTX ZHIPU-USDT	+0.0971%	4h	106.29	−0.310%	$19K	$309K	20x	as long as short
Binance ZHIPUUSDT	+0.1324%	4h	106.28	−0.321%	$21.9M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1555%	4h	106.20	−0.396%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1752%	1h	106.38	−0.225%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2295%	8h	106.36	−0.244%	$400K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.2652%	1h	106.62	long leg	$37K	$24K	5x