Funding you earn now, next payment 03:00 UTC+0.0578%/8h= +63.3% APRpaid last 24h +0.100%
Price spread now: Binance against Lighter+0.020%7-day average −0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1221.217% of the position
Funding, last 7 days−0.217%−$22 on $10k
+Price spread, last 2 days (all we have)−0.076%−$8 · spread now +0.020%, 7d avg −0.065%
=Together, before fees−0.293%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Binance is 0.085% dearer against Lighter than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 7 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.217% in total (about -11.3% 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 | Lighter ZHIPU | 99.540 | 0.1192 | pay 0.0149% / 1h | 49m 53s | $105K | $20K | 10x |
| Short | Binance ZHIPUUSDT | 99.560 | 0.1770 | get 0.0885% / 4h | 1h 49m | $22.1M | $56.4M | 25x |
Lighter ZHIPU
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $121.41
- Price spread: +0.020% → −0.065%
- $8.46
- Slippage, 4 orders
- −$111.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.16
- Costs to cover
- 1.217%
- Break-even
- 6.5 days
Slippage from Lighter: live order book, 60 min ago; Binance: live order book, 7 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 Lighter live order book, 60 min ago | 46.37 bp | 47.8 bp −$48 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 2.47 bp | 10.9 bp −$11 | 35.0 bp −$350 | 119.5 bp −$12.0K | 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 | 100.17 | +0.633% | $1K | $984K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0041% | 8h | 99.616 | +0.076% | $51K | $51K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 100.00 | +0.462% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.730 | +0.191% | $25K | $2K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 100.01 | +0.472% | $52 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 100.08 | +0.545% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0259% | 8h | 100.15 | +0.613% | $3.0M | $10.3M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0742% | 1h | 100.72 | +1.185% | $36K | $18K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.0841% | 8h | 100.08 | +0.542% | $2.0M | $3.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0847% | 4h | 99.930 | +0.392% | $18K | $308K | 20x | as long as short |
SunX ZHIPU-USDT
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0916% | 4h | 99.990 | +0.452% | $40K | $123K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0947% | 8h | 100.14 | +0.603% | $5.3M | $16.0M | 25x | as long as short |
| Lighter ZHIPUlong | +0.1192% | 1h | 99.540 | long leg | $105K | $20K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.1758% | 1h | 99.981 | +0.443% | $27.7M | $6.3M | 10x | as long as short |
| Binance ZHIPUUSDTshort | +0.1770% | 4h | 99.560 | +0.020% | $22.1M | $56.4M | 25x | |
| edgeX ZHIPUUSDC | +0.2247% | 4h | 100.62 | +1.088% | $20K | $154K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.2531% | 8h | 100.06 | +0.522% | $376K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
tradeXYZ xyz:ZHIPU
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT