Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0310%/8h= −34.0% APRpaid last 24h −0.242%

Price spread now: Orderly against Ondo Perps+0.375%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Orderly

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

The price spread pays, funding is against you. Orderly is 0.375% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.375% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	95.990	0.0410	pay 0.0051% / 1h	33m 43s	$36K	$20K	5x
Short	Orderly PERP_ZHIPU_USDC_mythos	96.350	0.0100	get 0.0100% / 8h	4h 33m	$568	$798	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.375%Rate

Funding earned: −$65.18
Price spread: +0.375% → 0.000%: $37.5
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.68
Costs to cover: 0.110%
Break-even: from the start

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

Ondo Perps and Orderly: 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	96.450	+0.479%	$2K	$843K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.410	+0.438%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.241	+0.261%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	96.350	+0.375%	$568	$798	10x
Aevo ZHIPU-PERP	+0.0232%	1h	96.418	+0.445%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.680	+0.719%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0410%	1h	95.990	long leg	$36K	$20K	5x
Lighter ZHIPU	+0.0624%	1h	96.590	+0.625%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0710%	8h	96.472	+0.503%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0863%	4h	96.390	+0.417%	$18K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1040%	1h	96.500	+0.531%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1470%	4h	96.470	+0.500%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1501%	8h	96.680	+0.719%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1832%	8h	96.730	+0.771%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2070%	4h	96.474	+0.504%	$22.5M	$60.5M	25x	as long as short
Bybit ZHIPUUSDT	+0.2345%	8h	96.530	+0.563%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.694%	$19K	$150K	10x	as long as short