Funding you earn now, next payment 05:00 UTC+0.1515%/8h= +165.9% APRpaid last 24h +0.026%
Price spread now: Bybit against Lighter−0.031%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1471.465% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.031%, 7d avg +0.051%
=Together, before fees+0.045%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.082% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.051%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$45 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, 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 -0.091% in total (about -4.8% 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 | 96.060 | 0.0032 | pay 0.0004% / 1h | 39m 39s | $101K | $20K | 10x |
| Short | Bybit ZHIPUUSDT | 96.030 | 0.1547 | get 0.1547% / 8h | 3h 39m | $271K | $1.4M | 25x |
Lighter ZHIPU
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $318.21
- Price spread: −0.031% → +0.051%
- −$8.24
- Slippage, 4 orders
- −$135.52
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $163.45
- Costs to cover
- 1.465%
- Break-even
- 3.4 days
Slippage from Lighter: live order book, 60 min ago; Bybit: live order book, 1 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 | 26.80 bp | 27.6 bp −$28 | 49.5 bp −$495 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.13 bp | 43.2 bp −$43 | 199.2 bp −$1,992 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 95.880 | −0.187% | $1K | $851K | 10x | as long as short |
| HTX ZHIPU-USDT | 0.0000% | 4h | 95.950 | −0.115% | $17K | $332K | 20x | as long as short |
| Lighter ZHIPUlong | +0.0032% | 1h | 96.060 | long leg | $101K | $20K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.950 | −0.115% | $34K | $3K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0086% | 8h | 96.090 | +0.031% | $2.9M | $11.8M | 50x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.974 | −0.090% | $26K | $4K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.970 | −0.094% | $566 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0184% | 1h | 95.964 | −0.100% | — | — | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0557% | 8h | 95.893 | −0.174% | $50K | $51K | 20x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0752% | 1h | 95.810 | −0.260% | $36K | $20K | 5x | as long as short |
SunX ZHIPU-USDT
HTX ZHIPU-USDT
SoDEX ZHIPU-USD
Gate ZHIPU_USDT
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Aster ZHIPUUSDT
Ondo Perps ZHIPU-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0932% | 4h | 96.020 | −0.042% | $39K | $124K | 20x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.1076% | 1h | 96.024 | −0.037% | $26.9M | $7.2M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1189% | 4h | 96.037 | −0.024% | $22.5M | $63.3M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1361% | 8h | 96.130 | +0.073% | $1.8M | $4.1M | 20x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1547% | 8h | 96.030 | −0.031% | $271K | $1.4M | 25x | |
| OKX ZHIPU-USDT-SWAP | +0.1777% | 8h | 96.250 | +0.198% | $5.8M | $17.1M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1892% | 4h | 95.934 | −0.131% | $19K | $150K | 10x | as long as short |
KuCoin ZHIPUUSDTM
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP
edgeX ZHIPUUSDC