ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.2070%/8h= −226.6% APRnext payment −$2.59 per $10,000 · paid last 24h −0.221%

Price spread now: Lighter against Ondo Perps+0.548%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.548% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.548% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$62 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ZHIPU-USD.P	105.81	0.2990	pay 0.0374% / 1h	38m 30s	$37K	$24K	5x
Short	Lighter ZHIPU	106.39	0.0920	get 0.0115% / 1h	38m 30s	$113K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. 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 Ondo PerpsbpFee LighterbpOrdersPrice spread, now +0.548%Rate

Funding earned: −$434.62
Price spread: +0.548% → 0.000%: $54.82
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$384.8
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 11 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 11 min ago	46.37 bp	50.5 bp −$51	113.7 bp −$1,137	doesn't fit	doesn't fit

Ondo Perps: 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
Aster ZHIPUUSDT	0.0000%	8h	106.39	+0.547%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.58	+0.728%	$1K	$1.1M	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.14	+0.312%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	106.27	+0.431%	$23K	$20	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	106.24	+0.404%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0164%	8h	106.14	+0.312%	$2.9M	$10.5M	50x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0207%	8h	106.27	+0.435%	$55	$266	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0414%	8h	106.16	+0.331%	$5.1M	$18.3M	25x	as long as short
Bitget ZHIPUUSDT	+0.0459%	8h	106.05	+0.227%	$2.0M	$4.4M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0480%	4h	106.23	+0.397%	$43K	$128K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter ZHIPUshort	+0.0920%	1h	106.39	+0.548%	$113K	$20K	10x
HTX ZHIPU-USDT	+0.1255%	4h	105.55	−0.246%	$19K	$308K	20x	as long as short
Binance ZHIPUUSDT	+0.1370%	4h	106.06	+0.236%	$21.8M	$56.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.1521%	4h	106.79	+0.930%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2040%	1h	106.25	+0.416%	$29.0M	$6.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2516%	8h	106.30	+0.463%	$404K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.Plong	+0.2990%	1h	105.81	long leg	$37K	$24K	5x