Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h +0.250%

Price spread now: Ondo Perps against HTX+0.670%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Ondo Perps

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. Ondo Perps is 0.670% dearer against HTX than usual: you sell high and buy low (spread +0.670% now, against zero (this spread has no 7-day history yet)): +$67 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	100.05	0.0835	pay 0.0417% / 4h	1h 51m	$18K	$307K	20x
Short	Ondo Perps ZHIPU-USD.P	100.72	0.0691	get 0.0086% / 1h	51m 10s	$36K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now +0.670%Rate

Funding earned: −$30.19
Price spread: +0.670% → 0.000%: $66.97
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $19.78
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: HTX: live order book, 11 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 HTX live order book, 11 min ago	6.43 bp	18.9 bp −$19	53.9 bp −$539	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	100.27	+0.220%	$1K	$986K	10x	as long as short
Aster ZHIPUUSDT	+0.0023%	8h	100.43	+0.381%	$51K	$54K	20x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	100.11	+0.060%	$36K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	99.856	−0.194%	$25K	$2K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.09	+0.040%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.17	+0.120%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0247%	8h	100.29	+0.240%	$3.0M	$10.2M	50x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0691%	1h	100.72	+0.670%	$36K	$18K	5x
Bitget ZHIPUUSDT	+0.0831%	8h	100.10	+0.050%	$2.0M	$3.8M	20x	as long as short
HTX ZHIPU-USDTlong	+0.0835%	4h	100.05	long leg	$18K	$307K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZHIPUUSDTM	+0.0898%	4h	100.19	+0.140%	$40K	$124K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0932%	8h	100.20	+0.150%	$5.3M	$16.0M	25x	as long as short
Lighter ZHIPU	+0.1096%	1h	100.14	+0.090%	$105K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.1736%	1h	100.19	+0.140%	$27.7M	$6.3M	10x	as long as short
Binance ZHIPUUSDT	+0.1755%	4h	100.06	+0.006%	$22.2M	$56.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.2247%	4h	100.62	+0.573%	$20K	$154K	10x	as long as short
Bybit ZHIPUUSDT	+0.2516%	8h	100.18	+0.130%	$371K	$1.3M	25x	as long as short