Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0828%/8h= −90.7% APRpaid last 24h +0.242%

Price spread now: Ondo Perps against Bitget−0.083%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 −$25 a day on $10k at the current rate, and Ondo Perps is 0.083% cheaper against Bitget than usual: you would sell low and buy high (−$8 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	Bitget ZHIPUUSDT	95.810	0.1625	pay 0.1625% / 8h	1h 40m	$1.7M	$4.3M	20x
Short	Ondo Perps ZHIPU-USD.P	95.730	0.0797	get 0.0100% / 1h	40m 01s	$33K	$23K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bitget. 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 BitgetbpFee Ondo PerpsbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$173.92
Price spread: −0.083% → 0.000%: −$8.35
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$199.27
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.61 bp	16.8 bp −$17	30.4 bp −$304	doesn't fit	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
SunX ZHIPU-USDT	0.0000%	4h	95.890	+0.083%	$1K	$789K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.850	+0.042%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.660	−0.157%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.709	−0.105%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.820	+0.010%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0182%	8h	95.880	+0.073%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0272%	1h	95.837	+0.028%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0797%	1h	95.730	−0.083%	$33K	$23K	5x
Aster ZHIPUUSDT	+0.0927%	8h	95.944	+0.139%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0994%	4h	95.780	−0.031%	$38K	$119K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1079%	4h	95.800	−0.010%	$21K	$351K	20x	as long as short
Binance ZHIPUUSDT	+0.1170%	4h	95.800	−0.010%	$22.6M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1174%	1h	95.789	−0.022%	$27.0M	$8.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.1582%	8h	95.870	+0.063%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDTlong	+0.1625%	8h	95.810	long leg	$1.7M	$4.3M	20x
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	+0.026%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2014%	8h	95.870	+0.063%	$5.4M	$18.6M	25x	as long as short