Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0480%/8h= +52.6% APRpaid last 24h −0.256%

Price spread now: HTX against Ondo Perps+0.688%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 HTX

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 for this trade now. Funding pays +$14 a day on $10k at the current rate, and HTX is 0.688% dearer against Ondo Perps than usual: you sell high and buy low: +$69 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	95.990	0.0367	pay 0.0046% / 1h	32m 40s	$36K	$20K	5x
Short	HTX ZHIPU-USDT	96.650	0.0848	get 0.0424% / 4h	32m 40s	$17K	$327K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.688%Rate

Funding earned: $100.89
Price spread: +0.688% → 0.000%: $68.76
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: $152.65
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 25 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 HTX live order book, 25 min ago	5.62 bp	12.7 bp −$13	35.8 bp −$358	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	96.670	+0.708%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.530	+0.563%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.398	+0.425%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.550	+0.583%	$569	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.634	+0.670%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0270%	8h	96.640	+0.677%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0367%	1h	95.990	long leg	$36K	$20K	5x
Lighter ZHIPU	+0.0592%	1h	96.670	+0.708%	$102K	$20K	10x	as long as short
Aster ZHIPUUSDT	+0.0709%	8h	96.520	+0.552%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDTshort	+0.0848%	4h	96.650	+0.688%	$17K	$327K	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1013%	1h	96.478	+0.508%	$27.1M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1444%	4h	96.590	+0.625%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1497%	8h	96.650	+0.688%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1834%	8h	96.690	+0.729%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2052%	4h	96.480	+0.510%	$22.5M	$60.6M	25x	as long as short
Bybit ZHIPUUSDT	+0.2318%	8h	96.620	+0.656%	$289K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2474%	4h	96.159	+0.176%	$19K	$150K	10x	as long as short