ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0401%/8h= +43.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.145%

Price spread now: tradeXYZ against Lighter+0.003%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.003%, 7d avg +0.087%

Together, before fees+0.292%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.084% cheaper against Lighter than usual: you would sell low and buy high (spread +0.003% now, against its 7-day average of +0.087%). If the spread goes back, that is −$8 on $10k: about 17 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.317% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	98.320	0.1336	pay 0.0167% / 1h	0m 00s	$104K	$20K	10x
Short	tradeXYZ xyz:ZHIPU	98.323	0.1737	get 0.0217% / 1h	0m 00s	$27.5M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.003%Rate

Funding earned: $84.11
Price spread: +0.003% → +0.087%: −$8.39
Slippage, 4 orders: −$32.89
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $24.83
Costs to cover: 0.509%
Break-even: 4.9 days

Slippage from Lighter: live order book, 44 min ago; tradeXYZ: live order book, 9 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, 44 min ago	9.54 bp	12.0 bp −$12	47.2 bp −$472	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	2.43 bp	12.7 bp −$13	doesn't fit	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	98.520	+0.203%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.250	−0.071%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.020	−0.305%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.230	−0.092%	$579	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0152%	1h	98.273	−0.048%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0424%	8h	98.380	+0.061%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0593%	8h	98.356	+0.037%	$51K	$52K	20x	as long as short
HTX ZHIPU-USDT	+0.1102%	4h	98.220	−0.102%	$18K	$324K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1102%	1h	98.230	−0.092%	$37K	$21K	5x	as long as short
Lighter ZHIPUlong	+0.1336%	1h	98.320	long leg	$104K	$20K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1381%	8h	98.450	+0.132%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1538%	4h	98.120	−0.203%	$39K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1615%	8h	98.510	+0.193%	$5.5M	$15.8M	25x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.1737%	1h	98.323	+0.003%	$27.5M	$6.8M	10x
Binance ZHIPUUSDT	+0.2228%	4h	98.320	0.000%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2772%	8h	98.410	+0.092%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.644%	$19K	$150K	10x	as long as short