Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.003%

Price spread now: Aster against Lighter−0.010%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	94.780	0.0032	pay 0.0004% / 1h	44m 37s	$100K	$16K	10x
Short	Aster ZHIPUUSDT	94.770	0.0137	get 0.0137% / 8h	5h 44m	$54K	$33K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.010%Rate

Funding earned: $22.13
Price spread: −0.010% → 0.000%: −$1.02
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.11
Costs to cover: 0.080%
Break-even: 2.9 days

Slippage unknown: Lighter: no order-book sample; Aster: no order-book sample. 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 Lighter no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Lighter and 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 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.960	+0.190%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	+0.169%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	94.890	+0.116%	$16K	$347K	20x	as long as short
Lighter ZHIPUlong	+0.0032%	1h	94.780	long leg	$100K	$16K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	94.830	+0.053%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.886	+0.112%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.880	+0.106%	$39K	$273K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.880	+0.106%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.855	+0.080%	—	—	10x	as long as short
Aster ZHIPUUSDTshort	+0.0137%	8h	94.770	−0.010%	$54K	$33K	20x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0399%	4h	94.871	+0.096%	$22.0M	$55.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.0595%	8h	94.860	+0.084%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0664%	1h	94.842	+0.065%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0756%	8h	94.930	+0.158%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0846%	1h	94.950	+0.179%	$32K	$19K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1181%	8h	94.980	+0.211%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1197%	4h	94.877	+0.102%	$20K	$151K	10x	as long as short