ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0102%/8h= +11.2% APRnext payment +$0.13 per $10,000 · paid last 24h +0.070%

Price spread now: Lighter against SoDEX−0.063%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.063% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	94.530	0.0050	pay 0.0006% / 1h	2m 19s	$34K	$3K	10x
Short	Lighter ZHIPU	94.470	0.0152	get 0.0019% / 1h	2m 19s	$100K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: $21.42
Price spread: −0.063% → 0.000%: −$6.35
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.07
Costs to cover: 0.080%
Break-even: 4.7 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 8 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	11.56 bp	14.1 bp −$14	58.8 bp −$588	doesn't fit	doesn't fit

SoDEX: 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	+0.222%	$2K	$443K	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	94.530	long leg	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	94.247	−0.300%	$43K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.430	−0.106%	$820	$798	10x	as long as short
Lighter ZHIPUshort	+0.0152%	1h	94.470	−0.063%	$100K	$16K	10x
Aevo ZHIPU-PERP	+0.0192%	1h	94.444	−0.090%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0200%	8h	94.540	+0.011%	$3.2M	$10.4M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0292%	1h	94.620	+0.095%	$32K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.0476%	4h	94.570	+0.042%	$20K	$349K	20x	as long as short
tradeXYZ xyz:ZHIPU	+0.0558%	1h	94.393	−0.145%	$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	+0.0831%	8h	94.412	−0.125%	$53K	$34K	20x	as long as short
Binance ZHIPUUSDT	+0.0971%	4h	94.434	−0.101%	$22.2M	$56.0M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.0980%	4h	94.430	−0.106%	$38K	$137K	20x	as long as short
edgeX ZHIPUUSDC	+0.1116%	4h	94.762	+0.245%	$20K	$152K	10x	as long as short
Bybit ZHIPUUSDT	+0.1262%	8h	94.450	−0.085%	$353K	$1.2M	25x	as long as short
Bitget ZHIPUUSDT	+0.1452%	8h	94.520	−0.011%	$1.6M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1817%	8h	94.490	−0.042%	$5.2M	$15.3M	25x	as long as short