Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h −0.083%

Price spread now: Bybit against Ondo Perps−0.074%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 Bybit

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. Bybit is 0.074% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.074% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.9 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	94.990	0.0215	pay 0.0027% / 1h	56m 31s	$32K	$18K	5x
Short	Bybit ZHIPUUSDT	94.920	0.0300	get 0.0300% / 8h	4h 56m	$356K	$1.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $17.87
Price spread: −0.074% → 0.000%: −$7.37
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.5
Costs to cover: 0.160%
Break-even: 9.2 days

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago	2.11 bp	35.5 bp −$36	doesn't fit	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 exchanges

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
Aster ZHIPUUSDT	0.0000%	8h	94.861	−0.136%	$54K	$33K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	94.950	−0.042%	$3.3M	$10.0M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	−0.053%	$1K	$394K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.910	−0.084%	$16K	$345K	20x	as long as short
Lighter ZHIPU	+0.0032%	1h	94.780	−0.221%	$100K	$15K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.0050%	1h	94.812	−0.187%	$26.6M	$6.8M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.860	−0.137%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.858	−0.139%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.860	−0.137%	$39K	$313K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.870	−0.126%	$824	$798	10x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aevo ZHIPU-PERP	+0.0104%	1h	94.852	−0.145%	—	—	10x	as long as short
Binance ZHIPUUSDT	+0.0179%	4h	94.839	−0.159%	$22.0M	$55.9M	25x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0215%	1h	94.990	long leg	$32K	$18K	5x
edgeX ZHIPUUSDC	+0.0284%	4h	94.860	−0.137%	$20K	$150K	10x	as long as short
Bybit ZHIPUUSDTshort	+0.0300%	8h	94.920	−0.074%	$356K	$1.2M	25x
Bitget ZHIPUUSDT	+0.0487%	8h	94.900	−0.095%	$1.6M	$4.0M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0948%	8h	94.890	−0.105%	$5.1M	$15.4M	25x	as long as short