Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1418%/8h= −155.2% APRpaid last 24h +0.228%

Price spread now: Ondo Perps against OKX−0.590%7-day average — · you buy dearer than you sell

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

Long on OKX 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 −$43 a day on $10k at the current rate, and Ondo Perps is 0.590% cheaper against OKX than usual: you would sell low and buy high (−$59 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	OKX ZHIPU-USDT-SWAP	96.560	0.1828	pay 0.1828% / 8h	4h 34m	$5.6M	$16.3M	25x
Short	Ondo Perps ZHIPU-USD.P	95.990	0.0410	get 0.0051% / 1h	34m 37s	$36K	$20K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.590%Rate

Funding earned: −$297.74
Price spread: −0.590% → 0.000%: −$59.03
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$371.77
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 4 min ago	0.51 bp	7.5 bp −$7	54.1 bp −$541	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	96.220	−0.352%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.130	−0.445%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.176	−0.398%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.150	−0.425%	$567	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0240%	1h	96.206	−0.366%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0283%	8h	96.440	−0.124%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0410%	1h	95.990	−0.590%	$36K	$20K	5x
Lighter ZHIPU	+0.0656%	1h	96.350	−0.217%	$101K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0709%	8h	96.430	−0.135%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0881%	4h	96.110	−0.466%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1066%	1h	96.378	−0.188%	$27.1M	$7.1M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1480%	4h	96.380	−0.186%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1501%	8h	96.420	−0.145%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAPlong	+0.1828%	8h	96.560	long leg	$5.6M	$16.3M	25x
Binance ZHIPUUSDT	+0.2087%	4h	96.280	−0.290%	$22.5M	$60.4M	25x	as long as short
Bybit ZHIPUUSDT	+0.2371%	8h	96.360	−0.207%	$291K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2739%	4h	96.656	+0.100%	$19K	$150K	10x	as long as short