Funding you earn now, next payment 03:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.100%
Price spread now: Lighter against Binance−0.298%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$460.461% of the position
Funding, last 7 days+0.217%+$22 on $10k
+Price spread, last 4 days (all we have)+1.314%+$131 · spread now −0.298%, 7d avg +0.073%
=Together, before fees+1.531%+ Points / potential airdropLighter: Season 3 · farm board+$153 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Lighter is 0.371% cheaper against Binance than usual: you would sell low and buy high (−$37 if the spread goes back to its 7-day average of +0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.217%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.217% in total (about 11.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZHIPUUSDT | 100.29 | 0.2124 | pay 0.1062% / 4h | 1h 29m | $22.7M | $56.4M | 25x |
| Short | Lighter ZHIPU | 99.990 | 0.1376 | get 0.0172% / 1h | 29m 37s | $105K | $20K | 10x |
Binance ZHIPUUSDT
Lighter ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$156.98
- Price spread: −0.298% → +0.073%
- −$37.13
- Slippage, 4 orders
- −$36.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$240.2
- Costs to cover
- 0.461%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 15 min ago.
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 Binance live order book, 13 min ago | 2.51 bp | 11.1 bp −$11 | 31.6 bp −$316 | 133.7 bp −$13.4K | doesn't fit |
| Sell Lighter live order book, 15 min ago | 9.54 bp | 12.4 bp −$12 | 43.8 bp −$438 | doesn't fit | doesn't fit |
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 | 100.33 | +0.041% | $2K | $930K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0057% | 1h | 100.05 | −0.238% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.674 | −0.613% | $28K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 100.08 | −0.208% | $52 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 100.13 | −0.159% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0330% | 8h | 99.740 | −0.547% | $51K | $53K | 20x | as long as short |
| Gate ZHIPU_USDT | +0.0392% | 8h | 100.25 | −0.039% | $3.2M | $10.7M | 50x | as long as short |
| HTX ZHIPU-USDT | +0.1102% | 4h | 100.22 | −0.069% | $18K | $321K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1131% | 8h | 100.19 | −0.099% | $2.0M | $3.7M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1206% | 1h | 100.14 | −0.148% | $36K | $18K | 5x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Gate ZHIPU_USDT
HTX ZHIPU-USDT
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZHIPU-USDT-SWAP | +0.1275% | 8h | 100.48 | +0.191% | $5.4M | $15.9M | 25x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1300% | 4h | 100.08 | −0.208% | $40K | $122K | 20x | as long as short |
| Lighter ZHIPUshort | +0.1376% | 1h | 99.990 | −0.298% | $105K | $20K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.2043% | 1h | 100.03 | −0.258% | $28.1M | $6.7M | 10x | as long as short |
| Binance ZHIPUUSDTlong | +0.2124% | 4h | 100.29 | long leg | $22.7M | $56.4M | 25x | |
| edgeX ZHIPUUSDC | +0.2346% | 4h | 99.897 | −0.391% | $20K | $150K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2881% | 8h | 100.39 | +0.101% | $373K | $1.3M | 25x | as long as short |
OKX ZHIPU-USDT-SWAP
KuCoin ZHIPUUSDTM
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT