ZHIPU

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexZHIPUUSDT	81.450	+0.0048	pay 0.0006% / 1h	56m 46s	$105K	$106K	20x	Long Popdex
SHORT	LighterZHIPU	81.510	0	0.0000% / 1h	56m 46s	$99K	$6K	10x	Short Lighter7d free

Price gap+0.074%

Funding gap−0.0048% /8h

The gap pays +$5 on $10k if it goes back to its 7d average, but funding costs $1 a day and eats that in about 3.4 days.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$12−0.0048% /8h now · paid +0.115% over the last 7D

Price+$5spread +0.074% now, avg +0.025% → +0.049% if it goes back

Costsno datano order book for Lighter

Result, before costs+$16+0.16%+ Points / potential airdropLighter: Season 3 · farm boardcosts unknown: no order book for Lighter · What the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.074%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ZHIPU on 18 exchanges

lowest funding first

Before you open

4 ok · 1 to watch

Note: Order book unknown—
No order-book sample for Lighter: its slippage is not counted.
Note: Margin at max leverage$500 + $1,000
Popdex 20x, Lighter 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$1.44Long Popdex: 24 payments, −$1.44; short Lighter: 24 payments, $0.00.
OK: Entry gap works for you+0.074% vs +0.025%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Short leg is thinner$99K vs $105K OI
Lighter sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3
Volume here counts toward the points program.
OK: No KYC on either legPopdex No · Lighter No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0055%/8h × 21 periods+$11.58

Price spread+0.074% → +0.025% (7d avg)+$4.89

Slippage, 4 ordersno data for Lighter—

Fee Popdex bp × 2 orders−$6.40

Fee Lighter bp × 2 orders$0.00

Net, fees only · 7 days · $10k+$10.06

Costs to cover0.064%Break-even0.9 days

Slippage: Popdex: live order book, 15 min ago; Lighter: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex2.4531.6 bp−$32doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTLighter—————

Closing costs about the same again.
Lighter: no data.

ZHIPU news

posts that mention ZHIPU, from every exchangeSearch all news →

09-23 02:03

SoDEX

Listing

📊 SoDEX 24h Movers · Sep 23 61 of 93 markets higher. Brent crude fell below $95 as US-Iran direct talks at the UN signaled easing tensions, weighing on oil-linked assets. Fed officials Barkin and Collins kept a hawkish tone, leaving the door open for further hikes. CME's upcoming BCH and UNI futures listing continued to drive major gains in those tokens. What moved them bitcoin-cash:native · CME Group announced it will list BCH futures on October 19, news continued to drive buying interest. UNI · CME listing UNI futures on Oct 19, plus Uniswap handles over 99% of Robinhood Chain stock token DeFi deposits. DASH · DoorDash agreed to a $131.5M settlement with NYC, resolving the courier minimum-wage investigation and removing regulatory overhang. ZHIPU · Anthropic accused Chinese AI firms of model distillation and CAC launched probes into DeepSeek and Moonshot, pressuring Chinese AI stocks. MINIMAX · Same Anthropic distillation accusations and CAC probes into Chinese AI companies weighed on the sector. 61 up · 31 down · 1 flat across 93 perp markets. 25 also trade spot. Amid Fed hawkishness and Brent's drop below $95, Layer 1 Season posted record Week-3 open interest of $155M, with 17 weeks remaining. SoDEX Layer 1 Season campaign is ongoing since September 1; Week 3 open interest hit an ATH of $155M, with 17 weeks remaining. Trade 👉 @sodex_official on X ↗