Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1978%/8h= −216.6% APRpaid last 24h −0.214%

Price spread now: OKX against Ondo Perps+0.423%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 OKX

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

The price spread pays, funding is against you. OKX is 0.423% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.423% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$59 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	106.29	0.2276	pay 0.0284% / 1h	59m 00s	$37K	$22K	5x
Short	OKX ZHIPU-USDT-SWAP	106.74	0.0298	get 0.0298% / 8h	6h 59m	$5.1M	$18.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.423%Rate

Funding earned: −$415.46
Price spread: +0.423% → 0.000%: $42.34
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$388.12
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.47 bp	12.7 bp −$13	64.3 bp −$643	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
Aster ZHIPUUSDT	0.0000%	8h	105.92	−0.344%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.54	+0.235%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0030%	8h	106.49	+0.188%	$3.0M	$10.1M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.26	−0.028%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.30	+0.006%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.22	−0.063%	—	—	10x	as long as short
Lighter ZHIPU	+0.0112%	1h	106.34	+0.047%	$112K	$20K	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.18	−0.103%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0244%	4h	106.14	−0.141%	$42K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAPshort	+0.0298%	8h	106.74	+0.423%	$5.1M	$18.9M	25x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0319%	8h	106.51	+0.207%	$1.9M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0798%	4h	106.26	−0.028%	$19K	$314K	20x	as long as short
Binance ZHIPUUSDT	+0.0956%	4h	106.33	+0.038%	$21.4M	$57.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.069%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2059%	1h	106.35	+0.056%	$29.1M	$7.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2123%	8h	106.38	+0.085%	$406K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.2276%	1h	106.29	long leg	$37K	$22K	5x