Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.086%

Price spread now: Binance against Ondo Perps−0.333%7-day average — · you buy dearer than you sell

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

Long on Ondo Perps Short on Binance

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. Binance is 0.333% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.333% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$33 on $10k: about 11 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	96.270	0.0713	pay 0.0089% / 1h	3m 29s	$36K	$20K	5x
Short	Binance ZHIPUUSDT	95.949	0.0812	get 0.0406% / 4h	3h 03m	$22.5M	$63.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now −0.333%Rate

Funding earned: $20.83
Price spread: −0.333% → 0.000%: −$33.31
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.49
Costs to cover: 0.150%
Break-even: 16.2 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 9 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.60 bp	9.8 bp −$10	33.1 bp −$331	145.9 bp −$14.6K	doesn't fit

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	96.100	−0.177%	$1K	$848K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	96.010	−0.270%	$20K	$341K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	96.070	−0.208%	$101K	$20K	10x	as long as short
Gate ZHIPU_USDT	+0.0033%	8h	96.030	−0.249%	$2.9M	$11.9M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.030	−0.249%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.051	−0.228%	$27K	$4K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.030	−0.249%	$566	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0184%	1h	96.009	−0.271%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0449%	8h	96.144	−0.131%	$50K	$51K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0570%	4h	96.010	−0.270%	$39K	$120K	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	+0.0703%	1h	96.025	−0.254%	$26.9M	$7.2M	10x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0713%	1h	96.270	long leg	$36K	$20K	5x
Binance ZHIPUUSDTshort	+0.0812%	4h	95.949	−0.333%	$22.5M	$63.5M	25x
edgeX ZHIPUUSDC	+0.1151%	4h	96.080	−0.197%	$19K	$151K	10x	as long as short
Bybit ZHIPUUSDT	+0.1255%	8h	96.060	−0.218%	$267K	$1.4M	25x	as long as short
Bitget ZHIPUUSDT	+0.1257%	8h	96.070	−0.208%	$1.8M	$4.1M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1654%	8h	96.040	−0.239%	$5.7M	$17.1M	25x	as long as short