ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0574%/8h= −62.9% APRnext payment −$0.72 per $10,000 · paid last 24h −0.062%

Price spread now: SoDEX against Lighter−0.145%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and SoDEX is 0.145% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	96.670	0.0624	pay 0.0078% / 1h	33m 12s	$102K	$20K	10x
Short	SoDEX ZHIPU-USD	96.530	0.0050	get 0.0006% / 1h	33m 12s	$34K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$120.54
Price spread: −0.145% → 0.000%: −$14.48
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$143.02
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 6 min ago; SoDEX: 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, 6 min ago	26.80 bp	27.6 bp −$28	49.5 bp −$495	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	96.670	0.000%	$2K	$842K	10x	as long as short
SoDEX ZHIPU-USDshort	+0.0050%	1h	96.530	−0.145%	$34K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	96.398	−0.281%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	96.550	−0.124%	$569	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0232%	1h	96.634	−0.038%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0277%	8h	96.670	0.000%	$3.0M	$11.5M	50x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0388%	1h	95.990	−0.703%	$36K	$20K	5x	as long as short
Lighter ZHIPUlong	+0.0624%	1h	96.670	long leg	$102K	$20K	10x
Aster ZHIPUUSDT	+0.0710%	8h	96.476	−0.200%	$50K	$51K	20x	as long as short
HTX ZHIPU-USDT	+0.0848%	4h	96.650	−0.021%	$17K	$327K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:ZHIPU	+0.1034%	1h	96.585	−0.088%	$27.2M	$7.2M	10x	as long as short
KuCoin ZHIPUUSDTM	+0.1458%	4h	96.700	+0.031%	$39K	$124K	20x	as long as short
Bitget ZHIPUUSDT	+0.1499%	8h	96.690	+0.021%	$1.9M	$3.9M	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1835%	8h	96.760	+0.093%	$5.6M	$16.3M	25x	as long as short
Binance ZHIPUUSDT	+0.2070%	4h	96.554	−0.120%	$22.6M	$60.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2345%	8h	96.610	−0.062%	$290K	$1.4M	25x	as long as short
edgeX ZHIPUUSDC	+0.2474%	4h	96.159	−0.529%	$19K	$150K	10x	as long as short