Settings8H · net · $10k
Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0466%/8h= −51.1% APRpaid last 24h +0.003%
Price spread now: Lighter against Aster+0.155%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.098%+$10 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
The price spread pays, funding is against you. Lighter is 0.155% dearer against Aster than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster ZHIPUUSDT94.5240.0498pay 0.0498% / 8h6h 57m$53K$33K20x
ShortLighter ZHIPU94.6700.0032get 0.0004% / 1h57m 15s$100K$16K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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

Funding earned
−$97.92
Price spread: +0.155% → 0.000%
$15.48
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
−$90.45
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 73 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Lighter live order book, 73 min ago11.56 bp14.1 bp −$1458.8 bp −$588doesn't fitdoesn't fit
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ZHIPU_USDT0.0000%8h94.830+0.324%$3.3M$10.1M50xas long as short
SunX ZHIPU-USDT0.0000%4h94.810+0.303%$1K$396K10xas long as short
HTX ZHIPU-USDT0.0000%4h94.740+0.229%$15K$346K20xas long as short
Lighter ZHIPUshort+0.0032%1h94.670+0.155%$100K$16K10x
SoDEX ZHIPU-USD+0.0050%1h94.750+0.239%$34K$3K10xas long as short
Nado ZHIPU-PERP+0.0100%1h94.726+0.213%$43K$12K3xas long as short
Orderly PERP_ZHIPU_USDC_mythos+0.0100%8h94.750+0.239%$823$79810xas long as short
Aevo ZHIPU-PERP+0.0160%1h94.755+0.244%10xas long as short
KuCoin ZHIPUUSDTM+0.0438%4h94.710+0.197%$38K$204K20xas long as short
Aster ZHIPUUSDTlong+0.0498%8h94.524long leg$53K$33K20x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ZHIPUUSDT+0.0739%4h94.763+0.253%$22.0M$55.5M25xas long as short
Bybit ZHIPUUSDT+0.1070%8h94.830+0.324%$355K$1.2M25xas long as short
Ondo Perps ZHIPU-USD.P+0.1121%1h94.750+0.239%$32K$19K5xas long as short
Bitget ZHIPUUSDT+0.1184%8h94.800+0.292%$1.6M$4.0M20xas long as short
tradeXYZ xyz:ZHIPU+0.1215%1h94.715+0.202%$26.6M$6.9M10xas long as short
OKX ZHIPU-USDT-SWAP+0.1574%8h94.880+0.377%$5.1M$15.3M25xas long as short
edgeX ZHIPUUSDC+0.1726%4h94.669+0.154%$20K$151K10xas long as short