ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.02 per $10,000 · paid last 24h +0.023%

Price spread now: Lighter against Nado+0.041%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Lighter

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 airdropNado: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.041% dearer against Nado than usual: you sell high and buy low: +$4 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	Nado ZHIPU-PERP	106.30	0.0100	pay 0.0012% / 1h	59m 11s	$23K	$20	3x
Short	Lighter ZHIPU	106.34	0.0112	get 0.0014% / 1h	59m 11s	$112K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.041%Rate

Funding earned: $2.52
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.41
Costs to cover: 0.070%
Break-even: 8.1 days

Slippage unknown: Nado: no order-book sample; Lighter: live order book, 55 min ago. 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 Nado no order-book sample	—	—	—	—	—
Sell Lighter live order book, 55 min ago	13.25 bp	26.3 bp −$26	45.5 bp −$455	doesn't fit	doesn't fit

Nado: 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
Aster ZHIPUUSDT	0.0000%	8h	105.92	−0.353%	$54K	$51K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	106.54	+0.229%	$2K	$1.2M	10x	as long as short
Gate ZHIPU_USDT	+0.0030%	8h	106.49	+0.182%	$3.0M	$10.1M	50x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	106.26	−0.035%	$38K	$3K	10x	as long as short
Nado ZHIPU-PERPlong	+0.0100%	1h	106.30	long leg	$23K	$20	3x
Aevo ZHIPU-PERP	+0.0104%	1h	106.22	−0.070%	—	—	10x	as long as short
Lighter ZHIPUshort	+0.0112%	1h	106.34	+0.041%	$112K	$20K	10x
Orderly PERP_ZHIPU_USDC_mythos	+0.0172%	8h	106.18	−0.110%	$55	$266	10x	as long as short
KuCoin ZHIPUUSDTM	+0.0244%	4h	106.11	−0.176%	$42K	$128K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.0298%	8h	106.66	+0.342%	$5.1M	$18.8M	25x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.0319%	8h	106.44	+0.135%	$1.9M	$4.7M	20x	as long as short
HTX ZHIPU-USDT	+0.0798%	4h	106.26	−0.035%	$19K	$314K	20x	as long as short
Binance ZHIPUUSDT	+0.0956%	4h	106.28	−0.013%	$21.4M	$57.2M	25x	as long as short
edgeX ZHIPUUSDC	+0.1820%	4h	106.22	−0.076%	$21K	$151K	10x	as long as short
tradeXYZ xyz:ZHIPU	+0.2059%	1h	106.35	+0.050%	$29.1M	$7.9M	10x	as long as short
Bybit ZHIPUUSDT	+0.2123%	8h	106.35	+0.050%	$405K	$1.4M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.2276%	1h	106.29	−0.006%	$37K	$22K	5x	as long as short