Funding you earn now, next payment 09:00 UTC−0.1441%/8h= −157.8% APRpaid last 24h −0.315%
Price spread now: Lighter against edgeX−0.024%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$268as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2212.213% of the position
Funding, last 7 days−0.471%−$47 on $10k
+Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.024%, 7d avg −0.092%
=Together, before fees−0.446%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.068% dearer against edgeX than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.092%): +$7 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.471% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.471% in total (about -24.6% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ZHIPUUSDC | 94.392 | 0.1473 | pay 0.0737% / 4h | 3h 19m | $20K | $152K | 10x |
| Short | Lighter ZHIPU | 94.370 | 0.0032 | get 0.0004% / 1h | 19m 36s | $100K | $16K | 10x |
edgeX ZHIPUUSDC
Lighter ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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
- −$302.62
- Price spread: −0.024% → −0.092%
- $6.83
- Slippage, 4 orders
- −$212.29
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$517.08
- Costs to cover
- 2.213%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 12 min ago; Lighter: live order book, 51 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 edgeX live order book, 12 min ago | 14.40 bp | 102.1 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 51 min ago | 11.56 bp | 14.1 bp −$14 | 58.8 bp −$588 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZHIPUUSDT | 0.0000% | 8h | 94.580 | +0.199% | $355K | $1.2M | 25x | as long as short |
| Gate ZHIPU_USDT | 0.0000% | 8h | 94.580 | +0.199% | $3.3M | $10.1M | 50x | as long as short |
| SunX ZHIPU-USDT | 0.0000% | 4h | 94.460 | +0.072% | $2K | $395K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 94.390 | −0.002% | $15K | $347K | 20x | as long as short |
| Lighter ZHIPUshort | +0.0032% | 1h | 94.370 | −0.024% | $100K | $16K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.0050% | 1h | 94.295 | −0.103% | $26.5M | $6.9M | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 94.310 | −0.087% | $33K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 94.302 | −0.096% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 94.350 | −0.045% | $820 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0128% | 1h | 94.314 | −0.083% | — | — | 10x | as long as short |
Bybit ZHIPUUSDT
Gate ZHIPU_USDT
SunX ZHIPU-USDT
HTX ZHIPU-USDT
tradeXYZ xyz:ZHIPU
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERPShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps ZHIPU-USD.P | +0.0146% | 1h | 94.430 | +0.040% | $32K | $19K | 5x | as long as short |
| Binance ZHIPUUSDT | +0.0508% | 4h | 94.466 | +0.078% | $22.0M | $55.4M | 25x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0528% | 4h | 94.380 | −0.013% | $39K | $182K | 20x | as long as short |
| Aster ZHIPUUSDT | +0.0614% | 8h | 94.304 | −0.094% | $53K | $33K | 20x | as long as short |
| Bitget ZHIPUUSDT | +0.1146% | 8h | 94.550 | +0.167% | $1.6M | $3.9M | 20x | as long as short |
| edgeX ZHIPUUSDClong | +0.1473% | 4h | 94.392 | long leg | $20K | $152K | 10x | |
| OKX ZHIPU-USDT-SWAP | +0.1614% | 8h | 94.640 | +0.262% | $5.1M | $15.1M | 25x | as long as short |
Ondo Perps ZHIPU-USD.P
Binance ZHIPUUSDT
KuCoin ZHIPUUSDTM
Aster ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP