Funding you earn now, next payment 09:00 UTC−0.1102%/8h= −120.7% APRpaid last 24h −0.088%
Price spread now: Lighter against Bitget+0.053%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$760.757% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.053%, 7d avg −0.027%
=Together, before fees+0.068%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.080% dearer against Bitget than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.027%): +$8 on $10k if it goes back. Holding the pair costs −$33 a day in funding at the current rate, which eats that in about 6 hours. Mind the row above: over the last 7 days funding on this pair paid +0.141%, 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 0.141% in total (about 7.3% 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 | Bitget ZHIPUUSDT | 93.950 | 0.1350 | pay 0.1350% / 8h | 7h 32m | $1.6M | $3.9M | 20x |
| Short | Lighter ZHIPU | 94.000 | 0.0248 | get 0.0031% / 1h | 32m 25s | $99K | $16K | 10x |
Bitget ZHIPUUSDT
Lighter ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$231.42
- Price spread: +0.053% → −0.027%
- $8.03
- Slippage, 4 orders
- −$63.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$299.12
- Costs to cover
- 0.757%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; Lighter: live order book, 38 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 Bitget live order book, just now | 3.73 bp | 19.7 bp −$20 | 46.6 bp −$466 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 min ago | 11.56 bp | 14.1 bp −$14 | 58.8 bp −$588 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZHIPUUSDT | 0.0000% | 8h | 94.000 | +0.053% | $350K | $1.2M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 93.890 | −0.064% | $3.2M | $10.0M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.170 | +0.234% | $2K | $399K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 93.970 | +0.021% | $20K | $335K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.030 | +0.085% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 93.948 | −0.002% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 93.860 | −0.096% | $815 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0184% | 1h | 93.930 | −0.021% | — | — | 10x | as long as short |
| Lighter ZHIPUshort | +0.0248% | 1h | 94.000 | +0.053% | $99K | $16K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.0325% | 1h | 93.918 | −0.034% | $26.4M | $6.9M | 10x | as long as short |
Bybit ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
tradeXYZ xyz:ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0672% | 1h | 93.710 | −0.255% | $32K | $19K | 5x | as long as short |
| Aster ZHIPUUSDT | +0.0689% | 8h | 94.375 | +0.453% | $53K | $33K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0808% | 4h | 93.930 | −0.021% | $39K | $167K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.0872% | 4h | 93.870 | −0.085% | $21.9M | $55.4M | 25x | as long as short |
| Bitget ZHIPUUSDTlong | +0.1350% | 8h | 93.950 | long leg | $1.6M | $3.9M | 20x | |
| OKX ZHIPU-USDT-SWAP | +0.1751% | 8h | 93.890 | −0.064% | $5.1M | $15.0M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1881% | 4h | 93.924 | −0.028% | $20K | $152K | 10x | as long as short |
Ondo Perps ZHIPU-USD.P
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC