Funding you earn now, next payment 06:00 UTC+0.0762%/8h= +83.4% APRnext payment +$0.95 per $10,000 · paid last 24h +0.128%
Price spread now: tradeXYZ against Lighter−0.036%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.036%, 7d avg +0.094%
=Together, before fees+0.431%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. tradeXYZ is 0.130% cheaper against Lighter than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.094%). If the spread goes back, that is −$13 on $10k: about 14 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.323% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.323% in total (about 16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. 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 | 96.120 | 0.0504 | pay 0.0063% / 1h | 8m 18s | $101K | $20K | 10x |
| Short | tradeXYZ xyz:ZHIPU | 96.085 | 0.1266 | get 0.0158% / 1h | 8m 18s | $27.1M | $8.0M | 10x |
Lighter ZHIPU
tradeXYZ xyz:ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $159.99
- Price spread: −0.036% → +0.094%
- −$13.04
- Slippage, 4 orders
- −$67.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $61.91
- Costs to cover
- 0.850%
- Break-even
- 4.3 days
Slippage from Lighter: live order book, 12 min ago; tradeXYZ: live order book, 11 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, 12 min ago | 27.08 bp | 31.2 bp −$31 | 64.9 bp −$649 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 1.36 bp | 13.6 bp −$14 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 96.500 | +0.395% | $1K | $850K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.150 | +0.031% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.891 | −0.238% | $44K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.160 | +0.042% | $835 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0107% | 8h | 96.330 | +0.218% | $3.2M | $12.5M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0224% | 1h | 96.191 | +0.074% | — | — | 10x | as long as short |
| Lighter ZHIPUlong | +0.0504% | 1h | 96.120 | long leg | $101K | $20K | 10x | |
| KuCoin ZHIPUUSDTM | +0.0734% | 4h | 96.230 | +0.114% | $39K | $121K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0761% | 8h | 96.329 | +0.217% | $53K | $57K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0858% | 1h | 96.790 | +0.697% | $33K | $25K | 5x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
KuCoin ZHIPUUSDTM
Aster ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX ZHIPU-USDT | +0.0931% | 4h | 96.200 | +0.083% | $20K | $353K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1000% | 4h | 96.100 | −0.021% | $22.8M | $69.0M | 25x | as long as short |
| tradeXYZ xyz:ZHIPUshort | +0.1266% | 1h | 96.085 | −0.036% | $27.1M | $8.0M | 10x | |
| Bybit ZHIPUUSDT | +0.1434% | 8h | 96.240 | +0.125% | $358K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1482% | 8h | 96.160 | +0.042% | $1.7M | $4.3M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1877% | 4h | 96.808 | +0.716% | $21K | $153K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1890% | 8h | 96.230 | +0.114% | $5.6M | $18.6M | 25x | as long as short |
HTX ZHIPU-USDT
Binance ZHIPUUSDT
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP