ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0478%/8h= +52.3% APRnext payment +$0.60 per $10,000 · paid last 24h +0.039%

Price spread now: Lighter against SoDEX−0.059%7-day average — · you buy dearer than you sell

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

Long on SoDEX 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.059% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 10 hours of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ZHIPU-USD	102.02	0.0050	pay 0.0006% / 1h	14m 21s	$36K	$3K	10x
Short	Lighter ZHIPU	101.96	0.0528	get 0.0066% / 1h	14m 21s	$108K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.059%Rate

Funding earned: $100.38
Price spread: −0.059% → 0.000%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $86.5
Costs to cover: 0.080%
Break-even: 1.0 days

Slippage unknown: SoDEX: no order-book sample; Lighter: live order book, 35 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 SoDEX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 35 min ago	46.37 bp	50.5 bp −$51	113.7 bp −$1,137	doesn't fit	doesn't fit

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
Aster ZHIPUUSDT	0.0000%	8h	101.99	−0.029%	$52K	$52K	20x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	102.36	+0.333%	$2K	$1.0M	10x	as long as short
SoDEX ZHIPU-USDlong	+0.0050%	1h	102.02	long leg	$36K	$3K	10x
Nado ZHIPU-PERP	+0.0100%	1h	101.67	−0.339%	$26K	$2K	3x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	102.03	+0.011%	—	—	10x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0113%	8h	101.97	−0.049%	$53	$266	10x	as long as short
Gate ZHIPU_USDT	+0.0228%	8h	102.44	+0.412%	$3.0M	$11.7M	50x	as long as short
Lighter ZHIPUshort	+0.0528%	1h	101.96	−0.059%	$108K	$20K	10x
Bitget ZHIPUUSDT	+0.0531%	8h	102.16	+0.137%	$2.0M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.0574%	4h	102.13	+0.108%	$41K	$124K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.0591%	8h	102.37	+0.343%	$5.2M	$16.3M	25x	as long as short
HTX ZHIPU-USDT	+0.0618%	4h	102.22	+0.196%	$18K	$307K	20x	as long as short
Binance ZHIPUUSDT	+0.1407%	4h	102.12	+0.101%	$21.6M	$55.2M	25x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1545%	1h	102.42	+0.392%	$37K	$20K	5x	as long as short
tradeXYZ xyz:ZHIPU	+0.1587%	1h	102.12	+0.098%	$28.1M	$6.1M	10x	as long as short
Bybit ZHIPUUSDT	+0.2099%	8h	102.10	+0.078%	$385K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2237%	4h	101.78	−0.234%	$20K	$154K	10x	as long as short