Funding you earn now, next payment 03:00 UTC−0.1151%/8h= −126.0% APRpaid last 24h −0.243%
Price spread now: Lighter against edgeX−0.470%49s7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1621.623% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 4 days (all we have)+0.472%+$47 · spread now −0.470%, 7d avg −0.081%
=Together, before fees+0.080%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Lighter is 0.389% cheaper against edgeX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.392% in total (about -20.4% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ZHIPUUSDC | 100.62 | 0.2247 | pay 0.1123% / 4h | 1h 50m | $20K | $154K | 10x |
| Short | Lighter ZHIPU | 100.15 | 0.1096 | get 0.0137% / 1h | 50m 22s | $105K | $20K | 10x |
edgeX ZHIPUUSDC
Lighter ZHIPUFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$241.61
- Price spread: −0.470% → −0.081%
- −$38.92
- Slippage, 4 orders
- −$153.28
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$442.8
- Costs to cover
- 1.623%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 11 min ago; Lighter: live order book, 59 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 edgeX live order book, 11 min ago | 12.88 bp | 21.6 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 59 min ago | 46.37 bp | 50.5 bp −$51 | 113.7 bp −$1,137 | 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 | 100.17 | −0.451% | $1K | $984K | 10x | as long as short |
| Aster ZHIPUUSDT | +0.0033% | 8h | 100.31 | −0.310% | $51K | $54K | 20x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 100.00 | −0.620% | $36K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 99.730 | −0.888% | $25K | $2K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 100.01 | −0.610% | $52 | $266 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0104% | 1h | 100.08 | −0.538% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0259% | 8h | 100.15 | −0.470% | $3.0M | $10.2M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0742% | 1h | 100.72 | +0.096% | $36K | $18K | 5x | as long as short |
| Bitget ZHIPUUSDT | +0.0841% | 8h | 100.18 | −0.441% | $2.0M | $3.7M | 20x | as long as short |
| HTX ZHIPU-USDT | +0.0847% | 4h | 99.930 | −0.689% | $18K | $308K | 20x | as long as short |
SunX ZHIPU-USDT
Aster ZHIPUUSDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Bitget ZHIPUUSDT
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZHIPUUSDTM | +0.0916% | 4h | 100.09 | −0.530% | $40K | $124K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.0947% | 8h | 100.19 | −0.431% | $5.3M | $16.0M | 25x | as long as short |
| Lighter ZHIPUshort | +0.1096% | 1h | 100.15 | −0.470% | $105K | $20K | 10x | |
| tradeXYZ xyz:ZHIPU | +0.1739% | 1h | 100.01 | −0.610% | $27.6M | $6.3M | 10x | as long as short |
| Binance ZHIPUUSDT | +0.1763% | 4h | 99.988 | −0.631% | $22.1M | $56.2M | 25x | as long as short |
| edgeX ZHIPUUSDClong | +0.2247% | 4h | 100.62 | long leg | $20K | $154K | 10x | |
| Bybit ZHIPUUSDT | +0.2531% | 8h | 100.12 | −0.500% | $375K | $1.3M | 25x | as long as short |
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
tradeXYZ xyz:ZHIPU
Binance ZHIPUUSDT
Bybit ZHIPUUSDT