Funding you earn now, next payment 01:00 UTC+0.0458%/8h= +50.1% APRpaid last 24h +0.108%
Price spread now: Binance against Lighter+0.024%7-day average −0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$900.896% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 2 days (all we have)−0.074%−$7 · spread now +0.024%, 7d avg −0.063%
=Together, before fees−0.299%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Binance is 0.087% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.063%. Mind the row above: over the last 7 days funding on this pair cost −0.224%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% 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 | Lighter ZHIPU | 105.79 | 0.0032 | pay 0.0004% / 1h | 26m 34s | $112K | $19K | 10x |
| Short | Binance ZHIPUUSDT | 105.82 | 0.0490 | get 0.0245% / 4h | 3h 26m | $21.2M | $56.9M | 25x |
Lighter ZHIPU
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $96.15
- Price spread: +0.024% → −0.063%
- $8.67
- Slippage, 4 orders
- −$79.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $15.23
- Costs to cover
- 0.896%
- Break-even
- 5.9 days
Slippage from Lighter: live order book, 28 min ago; Binance: live order book, 16 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 Lighter live order book, 28 min ago | 13.25 bp | 44.6 bp −$45 | 69.2 bp −$692 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 0.95 bp | 8.5 bp −$9 | 25.9 bp −$259 | 174.3 bp −$17.4K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | 0.0000% | 8h | 105.56 | −0.213% | $54K | $51K | 20x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 105.93 | +0.132% | $2.9M | $13.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 105.87 | +0.076% | $1K | $1.2M | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 105.81 | +0.019% | $19K | $314K | 20x | as long as short |
| Lighter ZHIPUlong | +0.0032% | 1h | 105.79 | long leg | $112K | $19K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 105.72 | −0.066% | $38K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 105.84 | +0.044% | $23K | $20 | 3x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0100% | 4h | 105.77 | −0.019% | $41K | $128K | 20x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 105.71 | −0.071% | — | — | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0140% | 8h | 106.05 | +0.246% | $5.0M | $18.6M | 25x | as long as short |
Aster ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aevo ZHIPU-PERP
OKX ZHIPU-USDT-SWAPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_ZHIPU_USDC_mythos | +0.0143% | 8h | 105.71 | −0.076% | $54 | $266 | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.0168% | 8h | 105.88 | +0.085% | $1.8M | $4.5M | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0342% | 1h | 105.83 | +0.038% | $29.0M | $7.9M | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.0438% | 8h | 106.00 | +0.199% | $425K | $1.4M | 25x | as long as short |
| Binance ZHIPUUSDTshort | +0.0490% | 4h | 105.82 | +0.024% | $21.2M | $56.9M | 25x | |
| edgeX ZHIPUUSDC | +0.0671% | 4h | 105.82 | +0.025% | $21K | $150K | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0988% | 1h | 105.97 | +0.170% | $37K | $22K | 5x | as long as short |
Orderly PERP_ZHIPU_USDC_mythos
Bitget ZHIPUUSDT
tradeXYZ xyz:ZHIPU
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC
Ondo Perps ZHIPU-USD.P