Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0582%/8h= −63.8% APRpaid last 24h −0.265%

Price spread now: Gate against Ondo Perps−1.132%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 Gate

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 −$17 a day on $10k at the current rate, and Gate is 1.132% cheaper against Ondo Perps than usual: you would sell low and buy high (−$113 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	100.72	0.0847	pay 0.0106% / 1h	48m 48s	$36K	$18K	5x
Short	Gate ZHIPU_USDT	99.580	0.0265	get 0.0265% / 8h	5h 48m	$3.0M	$10.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.132%Rate

Funding earned: −$122.26
Price spread: −1.132% → 0.000%: −$113.19
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$255.45
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	4.46 bp	18.8 bp −$19	52.1 bp −$521	81.8 bp −$8,182	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	99.780	−0.933%	$1K	$978K	10x	as long as short
Aster ZHIPUUSDT	+0.0048%	8h	99.471	−1.240%	$51K	$51K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	99.430	−1.281%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.254	−1.456%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	99.440	−1.271%	$51	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	99.543	−1.169%	—	—	10x	as long as short
Gate ZHIPU_USDTshort	+0.0265%	8h	99.580	−1.132%	$3.0M	$10.3M	50x
HTX ZHIPU-USDT	+0.0842%	4h	99.430	−1.281%	$18K	$308K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0847%	1h	100.72	long leg	$36K	$18K	5x
Bitget ZHIPUUSDT	+0.0854%	8h	99.450	−1.261%	$2.0M	$3.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0938%	4h	99.320	−1.390%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0949%	8h	99.530	−1.181%	$5.3M	$15.9M	25x	as long as short
Lighter ZHIPU	+0.1272%	1h	99.150	−1.559%	$104K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1775%	1h	99.313	−1.397%	$27.4M	$6.4M	10x	as long as short
Binance ZHIPUUSDT	+0.1779%	4h	99.358	−1.352%	$22.0M	$56.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	−0.096%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2563%	8h	99.350	−1.360%	$373K	$1.3M	25x	as long as short