ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.055%

Price spread now: Nado against Lighter−0.229%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.229% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	94.620	0.0152	pay 0.0019% / 1h	2m 58s	$100K	$16K	10x
Short	Nado ZHIPU-PERP	94.403	0.0100	get 0.0012% / 1h	2m 58s	$43K	$12K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.229%Rate

Funding earned: −$10.92
Price spread: −0.229% → 0.000%: −$22.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$40.85
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 min ago; Nado: 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 Lighter live order book, 7 min ago	11.56 bp	22.8 bp −$23	64.1 bp −$641	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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	94.740	+0.127%	$2K	$443K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	94.530	−0.095%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	94.403	−0.229%	$43K	$12K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.520	−0.106%	$821	$798	10x	as long as short
Lighter ZHIPUlong	+0.0152%	1h	94.620	long leg	$100K	$16K	10x
Aevo ZHIPU-PERP	+0.0192%	1h	94.538	−0.086%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0199%	8h	94.540	−0.085%	$3.2M	$10.4M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0284%	1h	94.620	0.000%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.0476%	4h	94.570	−0.053%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0554%	1h	94.446	−0.184%	$26.7M	$7.1M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ZHIPUUSDT	+0.0834%	8h	94.461	−0.168%	$53K	$34K	20x	as long as short
Binance ZHIPUUSDT	+0.0973%	4h	94.438	−0.192%	$22.2M	$56.1M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0978%	4h	94.480	−0.148%	$38K	$136K	20x	as long as short
edgeX ZHIPUUSDC	+0.1116%	4h	94.762	+0.150%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1265%	8h	94.520	−0.106%	$353K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1453%	8h	94.470	−0.159%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1814%	8h	94.540	−0.085%	$5.2M	$15.3M	25x	as long as short