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: Ondo Perps against Orderly+0.093%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Ondo Perps

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 +$22 a day on $10k at the current rate, and Ondo Perps is 0.093% dearer against Orderly than usual: you sell high and buy low: +$9 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	Orderly PERP_ZHIPU_USDC_mythos	96.700	0.0100	pay 0.0100% / 8h	2h 10m	$840	$1K	10x
Short	Ondo Perps ZHIPU-USD.P	96.790	0.0844	get 0.0106% / 1h	10m 08s	$33K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now +0.093%Rate

Funding earned: $156.24
Price spread: +0.093% → 0.000%: $9.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $154.55
Costs to cover: 0.110%
Break-even: 0.1 days

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

Orderly and 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	96.920	+0.228%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.720	+0.021%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	96.432	−0.277%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythoslong	+0.0100%	8h	96.700	long leg	$840	$1K	10x
Gate ZHIPU_USDT	+0.0106%	8h	96.770	+0.072%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0224%	1h	96.592	−0.112%	—	—	10x	as long as short
Lighter ZHIPU	+0.0504%	1h	96.510	−0.196%	$102K	$20K	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0704%	4h	96.750	+0.052%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0749%	8h	96.370	−0.341%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0844%	1h	96.790	+0.093%	$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	+0.010%	$21K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.0975%	4h	96.606	−0.097%	$22.9M	$68.8M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1252%	1h	96.622	−0.081%	$27.3M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1412%	8h	96.680	−0.021%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1464%	8h	96.710	+0.010%	$1.7M	$4.3M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1874%	8h	96.730	+0.031%	$5.6M	$18.7M	25x	as long as short
edgeX ZHIPUUSDC	+0.1876%	4h	96.474	−0.233%	$21K	$153K	10x	as long as short