Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.083%

Price spread now: Ondo Perps against Bybit−0.169%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Ondo Perps is 0.169% cheaper against Bybit than usual: you would sell low and buy high (spread −0.169% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 39 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ZHIPUUSDT	94.890	0.0581	pay 0.0581% / 8h	5h 59m	$355K	$1.2M	25x
Short	Ondo Perps ZHIPU-USD.P	94.730	0.0926	get 0.0116% / 1h	59m 17s	$32K	$19K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.169%Rate

Funding earned: $72.27
Price spread: −0.169% → 0.000%: −$16.86
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $39.41
Costs to cover: 0.160%
Break-even: 3.2 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	3.69 bp	42.6 bp −$43	1114.5 bp −$11.1K	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 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	94.870	−0.021%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.930	+0.042%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.800	−0.095%	$16K	$348K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.670	−0.232%	$100K	$16K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.760	−0.137%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.847	−0.045%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.780	−0.116%	$39K	$259K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.800	−0.095%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.785	−0.110%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0200%	8h	94.711	−0.189%	$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	+0.0410%	4h	94.810	−0.084%	$21.9M	$55.8M	25x	as long as short
Bybit ZHIPUUSDTlong	+0.0581%	8h	94.890	long leg	$355K	$1.2M	25x
tradeXYZ xyz:ZHIPU	+0.0684%	1h	94.791	−0.104%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0832%	8h	94.890	0.000%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0926%	1h	94.730	−0.169%	$32K	$19K	5x
OKX ZHIPU-USDT-SWAP	+0.1240%	8h	94.880	−0.011%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1368%	4h	94.813	−0.081%	$20K	$152K	10x	as long as short