Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0870%/8h= −95.2% APRpaid last 24h −0.291%

Price spread now: SunX against Ondo Perps+0.042%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 SunX

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

The price spread pays, funding is against you. SunX is 0.042% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	94.950	0.0870	pay 0.0109% / 1h	42m 14s	$32K	$19K	5x
Short	SunX ZHIPU-USDT	94.990	0	get 0.0000% / 4h	1h 42m	$1K	$395K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$182.62
Price spread: +0.042% → 0.000%: $4.21
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$191.4
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 61 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 SunX live order book, 61 min ago	30.58 bp	136.9 bp −$137	doesn't fit	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 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.990	+0.042%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDTshort	0.0000%	4h	94.990	+0.042%	$1K	$395K	10x
HTX ZHIPU-USDT	0.0000%	4h	94.940	−0.011%	$16K	$347K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.790	−0.169%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.880	−0.074%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.905	−0.047%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.910	−0.042%	$39K	$275K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.900	−0.053%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.896	−0.056%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0127%	8h	94.782	−0.177%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0400%	4h	94.900	−0.053%	$22.0M	$55.8M	25x	as long as short
Bybit ZHIPUUSDT	+0.0598%	8h	94.910	−0.042%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0675%	1h	94.881	−0.073%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0747%	8h	94.950	0.000%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0870%	1h	94.950	long leg	$32K	$19K	5x
OKX ZHIPU-USDT-SWAP	+0.1170%	8h	94.980	+0.032%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1353%	4h	94.835	−0.121%	$20K	$152K	10x	as long as short