Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0744%/8h= −81.5% APRpaid last 24h −0.248%

Price spread now: Orderly against Ondo Perps−0.093%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 Orderly

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 against this trade now: funding costs −$22 a day on $10k at the current rate, and Orderly is 0.093% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	96.790	0.0844	pay 0.0106% / 1h	10m 00s	$33K	$25K	5x
Short	Orderly PERP_ZHIPU_USDC_mythos	96.700	0.0100	get 0.0100% / 8h	2h 10m	$840	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.093%Rate

Funding earned: −$156.24
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$176.54
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: 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	96.920	+0.134%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.720	−0.072%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.432	−0.370%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythosshort	+0.0100%	8h	96.700	−0.093%	$840	$1K	10x
Gate ZHIPU_USDT	+0.0106%	8h	96.770	−0.021%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.592	−0.205%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.510	−0.289%	$102K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0704%	4h	96.750	−0.041%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0749%	8h	96.370	−0.434%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.0844%	1h	96.790	long leg	$33K	$25K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0900%	4h	96.710	−0.083%	$21K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.606	−0.190%	$22.9M	$68.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1252%	1h	96.622	−0.174%	$27.3M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1412%	8h	96.680	−0.114%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.710	−0.083%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1874%	8h	96.730	−0.062%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.1876%	4h	96.474	−0.326%	$21K	$153K	10x	as long as short