Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0138%/8h= +15.1% APRpaid last 24h −0.001%

Price spread now: Bitget against Lighter+0.047%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$940.941% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.047%, 7d avg +0.018%

Together, before fees−0.188%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.029% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, 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	105.76	0.0032	pay 0.0004% / 1h	23m 34s	$112K	$19K	10x
Short	Bitget ZHIPUUSDT	105.81	0.0170	get 0.0170% / 8h	7h 23m	$1.8M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: $28.98
Price spread: +0.047% → +0.018%: $2.91
Slippage, 4 orders: −$82.07
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.18
Costs to cover: 0.941%
Break-even: 22.0 days

Slippage from Lighter: live order book, 31 min ago; Bitget: live order book, 4 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, 31 min ago	13.25 bp	44.6 bp −$45	69.2 bp −$692	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.42 bp	14.0 bp −$14	59.9 bp −$599	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
Aster ZHIPUUSDT	0.0000%	8h	105.59	−0.165%	$54K	$51K	20x	as long as short
Gate ZHIPU_USDT	0.0000%	8h	105.89	+0.123%	$2.9M	$13.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	105.87	+0.104%	$1K	$1.2M	10x	as long as short
HTX ZHIPU-USDT	0.0000%	4h	105.73	−0.028%	$19K	$313K	20x	as long as short
Lighter ZHIPUlong	+0.0032%	1h	105.76	long leg	$112K	$19K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	105.75	−0.009%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	105.87	+0.100%	$23K	$20	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	105.78	+0.019%	$41K	$128K	20x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	105.75	−0.005%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0143%	8h	105.75	−0.009%	$54	$266	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0148%	8h	105.97	+0.199%	$5.0M	$18.6M	25x	as long as short
Bitget ZHIPUUSDTshort	+0.0170%	8h	105.81	+0.047%	$1.8M	$4.6M	20x
tradeXYZ xyz:ZHIPU	+0.0395%	1h	105.81	+0.047%	$29.0M	$7.9M	10x	as long as short
Binance ZHIPUUSDT	+0.0516%	4h	105.76	+0.002%	$21.2M	$56.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.0685%	8h	105.93	+0.161%	$431K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1026%	1h	105.97	+0.199%	$37K	$22K	5x	as long as short
edgeX ZHIPUUSDC	+0.1126%	4h	105.87	+0.102%	$21K	$150K	10x	as long as short