Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0828%/8h= +90.7% APRpaid last 24h −0.242%

Price spread now: Bitget against Ondo Perps+0.084%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

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

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Bitget is 0.084% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	95.730	0.0797	pay 0.0100% / 1h	39m 59s	$33K	$23K	5x
Short	Bitget ZHIPUUSDT	95.810	0.1625	get 0.1625% / 8h	1h 39m	$1.7M	$4.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: $173.92
Price spread: +0.084% → 0.000%: $8.36
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: $165.28
Costs to cover: 0.170%
Break-even: 0.3 days

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	2.61 bp	15.5 bp −$16	42.5 bp −$425	doesn't fit	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	95.890	+0.167%	$1K	$789K	10x	as long as short
Lighter ZHIPU	+0.0032%	1h	95.850	+0.125%	$101K	$17K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	95.660	−0.073%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.709	−0.022%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	95.820	+0.094%	$832	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0182%	8h	95.880	+0.157%	$3.2M	$11.7M	50x	as long as short
Aevo ZHIPU-PERP	+0.0272%	1h	95.837	+0.112%	—	—	10x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0797%	1h	95.730	long leg	$33K	$23K	5x
Aster ZHIPUUSDT	+0.0927%	8h	95.944	+0.223%	$53K	$58K	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0994%	4h	95.780	+0.052%	$38K	$119K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.1079%	4h	95.800	+0.073%	$21K	$351K	20x	as long as short
Binance ZHIPUUSDT	+0.1170%	4h	95.800	+0.073%	$22.6M	$66.5M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1174%	1h	95.789	+0.062%	$27.0M	$8.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.1582%	8h	95.870	+0.146%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDTshort	+0.1625%	8h	95.810	+0.084%	$1.7M	$4.3M	20x
edgeX ZHIPUUSDC	+0.1797%	4h	95.835	+0.110%	$20K	$155K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.2014%	8h	95.870	+0.146%	$5.4M	$18.6M	25x	as long as short