Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0763%/8h= −83.6% APRpaid last 24h −0.240%

Price spread now: HTX against Ondo Perps−0.073%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 HTX

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 −$23 a day on $10k at the current rate, and HTX is 0.073% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 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	96.150	0.0763	pay 0.0095% / 1h	36m 45s	$36K	$20K	5x
Short	HTX ZHIPU-USDT	96.080	0	get 0.0000% / 4h	3h 36m	$17K	$332K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$160.27
Price spread: −0.073% → 0.000%: −$7.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$184.55
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 16 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 HTX live order book, 16 min ago	5.74 bp	18.4 bp −$18	36.1 bp −$361	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
SunX ZHIPU-USDT	0.0000%	4h	96.050	−0.104%	$1K	$851K	10x	as long as short
HTX ZHIPU-USDTshort	0.0000%	4h	96.080	−0.073%	$17K	$332K	20x
Lighter ZHIPU	+0.0032%	1h	96.110	−0.042%	$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	+0.0079%	8h	96.130	−0.021%	$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	95.917	−0.242%	$50K	$51K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0763%	1h	96.150	long leg	$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	+0.1051%	1h	96.070	−0.083%	$26.9M	$7.2M	10x	as long as short
Binance ZHIPUUSDT	+0.1165%	4h	96.048	−0.106%	$22.5M	$63.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1358%	8h	96.100	−0.052%	$1.8M	$4.1M	20x	as long as short
Bybit ZHIPUUSDT	+0.1525%	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-SWAP	+0.1771%	8h	96.180	+0.031%	$5.8M	$17.1M	25x	as long as short