Funding you earn now, next payment 03:00 UTC−0.0559%/8h= −61.2% APRnext payment −$0.70 per $10,000 · paid last 24h −0.145%
Price spread now: Lighter against tradeXYZ+0.060%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$560.564% of the position
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.060%, 7d avg −0.087%
=Together, before fees−0.355%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.147% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.087%): +$15 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.317% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.317% in total (about -16.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.70 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 | tradeXYZ xyz:ZHIPU | 100.26 | 0.2087 | pay 0.0261% / 1h | 25m 41s | $28.2M | $6.8M | 10x |
| Short | Lighter ZHIPU | 100.32 | 0.1528 | get 0.0191% / 1h | 25m 41s | $106K | $20K | 10x |
tradeXYZ xyz:ZHIPU
Lighter ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$117.4
- Price spread: +0.060% → −0.087%
- $14.68
- Slippage, 4 orders
- −$38.4
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$159.12
- Costs to cover
- 0.564%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 2 min ago; Lighter: live order book, 19 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 tradeXYZ live order book, 2 min ago | 6.49 bp | 16.5 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 19 min ago | 9.54 bp | 12.4 bp −$12 | 43.8 bp −$438 | 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 | 100.34 | +0.080% | $2K | $922K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.671 | −0.587% | $28K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 100.19 | −0.070% | $52 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 100.33 | +0.068% | — | — | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0122% | 1h | 100.24 | −0.020% | $36K | $3K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0401% | 8h | 99.847 | −0.412% | $51K | $53K | 20x | as long as short |
| Gate ZHIPU_USDT | +0.0436% | 8h | 100.43 | +0.170% | $3.2M | $10.8M | 50x | as long as short |
| Bitget ZHIPUUSDT | +0.1195% | 8h | 100.43 | +0.170% | $2.0M | $3.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.1203% | 4h | 100.15 | −0.110% | $18K | $321K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.1289% | 1h | 100.14 | −0.120% | $36K | $18K | 5x | as long as short |
SunX ZHIPU-USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
SoDEX ZHIPU-USD
Aster ZHIPUUSDT
Gate ZHIPU_USDT
Bitget ZHIPUUSDT
HTX ZHIPU-USDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.1370% | 4h | 100.09 | −0.170% | $40K | $121K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1377% | 8h | 100.48 | +0.219% | $5.4M | $15.6M | 25x | as long as short |
| Lighter ZHIPUshort | +0.1528% | 1h | 100.32 | +0.060% | $106K | $20K | 10x | |
| tradeXYZ xyz:ZHIPUlong | +0.2087% | 1h | 100.26 | long leg | $28.2M | $6.8M | 10x | |
| Binance ZHIPUUSDT | +0.2211% | 4h | 100.30 | +0.040% | $22.7M | $56.9M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2715% | 4h | 100.26 | +0.003% | $20K | $149K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2959% | 8h | 100.27 | +0.010% | $374K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT