Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.201%

Price spread now: Ondo Perps against KuCoin−0.119%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Ondo Perps is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (−$12 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	KuCoin ZHIPUUSDTM	100.51	0.1408	pay 0.0704% / 4h	1h 23m	$40K	$121K	20x
Short	Ondo Perps ZHIPU-USD.P	100.39	0.1315	get 0.0164% / 1h	23m 34s	$36K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$19.49
Price spread: −0.119% → 0.000%: −$11.94
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$48.43
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 65 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 KuCoin live order book, 65 min ago	18.91 bp	117.2 bp −$117	doesn't fit	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	100.83	+0.318%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	100.15	−0.360%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.66	+0.149%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.75	+0.243%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0124%	1h	100.73	+0.219%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0447%	8h	100.45	−0.062%	$52K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0478%	8h	100.82	+0.308%	$3.3M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1227%	8h	100.56	+0.050%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1246%	4h	100.64	+0.129%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.1315%	1h	100.39	−0.119%	$36K	$18K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1405%	8h	100.66	+0.149%	$5.5M	$15.7M	25x	as long as short
KuCoin ZHIPUUSDTMlong	+0.1408%	4h	100.51	long leg	$40K	$121K	20x
Lighter ZHIPU	+0.1504%	1h	100.92	+0.408%	$106K	$20K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2088%	1h	100.85	+0.338%	$28.5M	$6.6M	10x	as long as short
Binance ZHIPUUSDT	+0.2259%	4h	100.60	+0.090%	$23.5M	$57.1M	25x	as long as short
edgeX ZHIPUUSDC	+0.2499%	4h	100.22	−0.290%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDT	+0.2989%	8h	100.70	+0.189%	$372K	$1.3M	25x	as long as short