ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0390%/8h= +42.7% APRnext payment +$0.49 per $10,000 · paid last 24h +0.206%

Price spread now: Ondo Perps against Lighter+0.749%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Ondo Perps is 0.749% dearer against Lighter than usual: you sell high and buy low: +$75 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	96.070	0.0488	pay 0.0061% / 1h	7m 17s	$101K	$20K	10x
Short	Ondo Perps ZHIPU-USD.P	96.790	0.0878	get 0.0110% / 1h	7m 17s	$33K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.749%Rate

Funding earned: $81.82
Price spread: +0.749% → 0.000%: $74.95
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $151.76
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 13 min ago; Ondo Perps: 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 live order book, 13 min ago	27.08 bp	31.2 bp −$31	64.9 bp −$649	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 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	96.450	+0.396%	$1K	$849K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	96.160	+0.094%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	95.859	−0.220%	$44K	$12K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.190	+0.125%	$836	$1K	10x	as long as short
Gate ZHIPU_USDT	+0.0115%	8h	96.250	+0.187%	$3.2M	$12.5M	50x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.247	+0.184%	—	—	10x	as long as short
Lighter ZHIPUlong	+0.0488%	1h	96.070	long leg	$101K	$20K	10x
KuCoin ZHIPUUSDTM	+0.0754%	4h	96.220	+0.156%	$39K	$121K	20x	as long as short
Aster ZHIPUUSDT	+0.0772%	8h	96.350	+0.292%	$53K	$57K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.0878%	1h	96.790	+0.749%	$33K	$25K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX ZHIPU-USDT	+0.0940%	4h	96.140	+0.073%	$20K	$353K	20x	as long as short
Binance ZHIPUUSDT	+0.1006%	4h	96.202	+0.137%	$22.8M	$68.9M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.1277%	1h	96.108	+0.040%	$27.1M	$8.0M	10x	as long as short
Bybit ZHIPUUSDT	+0.1447%	8h	96.220	+0.156%	$360K	$1.5M	25x	as long as short
Bitget ZHIPUUSDT	+0.1491%	8h	96.250	+0.187%	$1.7M	$4.3M	20x	as long as short
edgeX ZHIPUUSDC	+0.1877%	4h	96.808	+0.768%	$21K	$153K	10x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1898%	8h	96.260	+0.198%	$5.5M	$18.6M	25x	as long as short