Funding you earn now, next payment 10:00 UTC+0.0406%/8h= +44.5% APRpaid last 24h +0.052%
Price spread now: KuCoin against Lighter+0.021%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$188as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1691.691% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.021%, 7d avg +0.013%
=Together, before fees−0.109%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.189%, 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 -0.189% in total (about -9.8% 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 | 94.680 | 0.0032 | pay 0.0004% / 1h | 56m 31s | $100K | $16K | 10x |
| Short | KuCoin ZHIPUUSDTM | 94.700 | 0.0438 | get 0.0219% / 4h | 2h 56m | $38K | $204K | 20x |
Lighter ZHIPU
KuCoin ZHIPUUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $85.26
- Price spread: +0.021% → +0.013%
- $0.78
- Slippage, 4 orders
- −$157.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$83.06
- Costs to cover
- 1.691%
- Break-even
- 13.8 days
Slippage from Lighter: live order book, 74 min ago; KuCoin: live order book, 18 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, 74 min ago | 11.56 bp | 22.8 bp −$23 | 64.1 bp −$641 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 18 min ago | 12.68 bp | 54.8 bp −$55 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.820 | +0.148% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.810 | +0.137% | $1K | $396K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.740 | +0.063% | $15K | $346K | 20x | as long as short |
| Lighter ZHIPUlong | +0.0032% | 1h | 94.680 | long leg | $100K | $16K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.750 | +0.074% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.726 | +0.048% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.750 | +0.074% | $823 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0160% | 1h | 94.755 | +0.079% | — | — | 10x | as long as short |
| KuCoin ZHIPUUSDTMshort | +0.0438% | 4h | 94.700 | +0.021% | $38K | $204K | 20x | |
| Aster ZHIPUUSDT | +0.0492% | 8h | 94.530 | −0.158% | $53K | $33K | 20x | as long as short |
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZHIPUUSDT | +0.0747% | 4h | 94.782 | +0.108% | $22.0M | $55.5M | 25x | as long as short |
| Bybit ZHIPUUSDT | +0.1068% | 8h | 94.850 | +0.180% | $355K | $1.2M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1182% | 8h | 94.810 | +0.137% | $1.6M | $4.0M | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1214% | 1h | 94.750 | +0.074% | $32K | $19K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1221% | 1h | 94.718 | +0.040% | $26.6M | $6.9M | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1571% | 8h | 94.860 | +0.190% | $5.1M | $15.3M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1726% | 4h | 94.669 | −0.011% | $20K | $151K | 10x | as long as short |
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC