Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0069%/8h= −7.5% APRpaid last 24h +0.057%

Price spread now: Ondo Perps against Binance−0.170%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

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 −$2 a day on $10k at the current rate, and Ondo Perps is 0.170% cheaper against Binance than usual: you would sell low and buy high (−$17 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	Binance ZHIPUUSDT	94.040	0.1009	pay 0.0504% / 4h	3h 35m	$22.0M	$55.6M	25x
Short	Ondo Perps ZHIPU-USD.P	93.880	0.0940	get 0.0117% / 1h	35m 02s	$32K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$14.4
Price spread: −0.170% → 0.000%: −$17.01
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$46.42
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Ondo Perps: 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 Binance live order book, 7 min ago	0.53 bp	11.6 bp −$12	39.8 bp −$398	160.1 bp −$16.0K	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Gate ZHIPU_USDT	0.0000%	8h	94.120	+0.085%	$3.2M	$10.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.190	+0.160%	$1K	$406K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.060	+0.021%	$20K	$337K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.100	+0.064%	$33K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.091	+0.054%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.140	+0.106%	$818	$798	10x	as long as short
Bybit ZHIPUUSDT	+0.0158%	8h	94.070	+0.032%	$351K	$1.2M	25x	as long as short
Aevo ZHIPU-PERP	+0.0200%	1h	94.151	+0.118%	—	—	10x	as long as short
Lighter ZHIPU	+0.0464%	1h	94.100	+0.064%	$99K	$16K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0642%	1h	94.056	+0.017%	$26.5M	$6.9M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0710%	8h	94.420	+0.404%	$53K	$33K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0940%	1h	93.880	−0.170%	$32K	$20K	5x
KuCoin ZHIPUUSDTM	+0.0944%	4h	94.120	+0.085%	$38K	$165K	20x	as long as short
Binance ZHIPUUSDTlong	+0.1009%	4h	94.040	long leg	$22.0M	$55.6M	25x
Bitget ZHIPUUSDT	+0.1416%	8h	94.140	+0.106%	$1.6M	$3.9M	20x	as long as short
edgeX ZHIPUUSDC	+0.1493%	4h	94.461	+0.447%	$20K	$151K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1803%	8h	94.150	+0.117%	$5.1M	$15.0M	25x	as long as short