Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.048%
Price spread now: Lighter against Aster+0.460%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.110%+$11 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.460% dearer against Aster than usual: you sell high and buy low: +$46 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.110% in total (about 5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZHIPUUSDT105.320get 0.0000% / 8h12m 46s$54K$51K20x
ShortLighter ZHIPU105.800.0344get 0.0043% / 1h12m 46s$112K$19K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
$72.24
Price spread: +0.460% → 0.000%
$46.04
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$110.28
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 47 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter live order book, 47 min ago12.84 bp24.4 bp −$2446.9 bp −$469doesn't fitdoesn't fit
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ZHIPUUSDTlong0.0000%8h105.32long leg$54K$51K20x
SunX ZHIPU-USDT0.0000%4h105.74+0.403%$2K$1.2M10xas long as short
HTX ZHIPU-USDT0.0000%4h105.62+0.289%$19K$316K20xas long as short
Gate ZHIPU_USDT+0.0008%8h105.86+0.517%$2.9M$13.5M50xas long as short
SoDEX ZHIPU-USD+0.0050%1h105.60+0.270%$38K$3K10xas long as short
Nado ZHIPU-PERP+0.0100%1h105.68+0.351%$23K$203xas long as short
KuCoin ZHIPUUSDTM+0.0100%4h105.73+0.394%$41K$130K20xas long as short
Aevo ZHIPU-PERP+0.0104%1h105.68+0.345%10xas long as short
OKX ZHIPU-USDT-SWAP+0.0104%8h106.01+0.660%$5.0M$18.8M25xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0180%8h105.67+0.337%$77$26610xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ZHIPUUSDT+0.0200%8h105.77+0.432%$1.7M$4.4M20xas long as short
Binance ZHIPUUSDT+0.0322%4h105.70+0.363%$21.1M$57.6M25xas long as short
Lighter ZHIPUshort+0.0344%1h105.80+0.460%$112K$19K10x
Bybit ZHIPUUSDT+0.0508%8h105.81+0.470%$306K$1.3M25xas long as short
tradeXYZ xyz:ZHIPU+0.1038%1h105.80+0.460%$29.1M$7.9M10xas long as short
edgeX ZHIPUUSDC+0.1053%4h105.78+0.444%$21K$151K10xas long as short
Ondo Perps ZHIPU-USD.P+0.1405%1h105.72+0.384%$37K$22K5xas long as short