Funding arb · Price arb /

ZHIPU

RWAall ZHIPU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.018%

Price spread now: Lighter against HTX−0.116%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 on $10k

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 0.116% cheaper against HTX than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.288% in total) that is about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ZHIPU-USDT	94.890	0	get 0.0000% / 4h	1h 44m	$16K	$347K	20x
Short	Lighter ZHIPU	94.780	0.0032	get 0.0004% / 1h	44m 31s	$100K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.116%Rate

Funding earned: $6.72
Price spread: −0.116% → 0.000%: −$11.59
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.87
Costs to cover: 0.120%
Break-even: 24.6 days

Slippage unknown: HTX: live order book, 1 min ago; Lighter: no order-book sample. 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 HTX live order book, 1 min ago	2.63 bp	9.0 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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 exchanges

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
Gate ZHIPU_USDT	0.0000%	8h	94.960	+0.074%	$3.3M	$10.1M	50x	as long as short
SunX ZHIPU-USDT	0.0000%	4h	94.940	+0.053%	$1K	$395K	10x	as long as short
HTX ZHIPU-USDTlong	0.0000%	4h	94.890	long leg	$16K	$347K	20x
Lighter ZHIPUshort	+0.0032%	1h	94.780	−0.116%	$100K	$16K	10x
SoDEX ZHIPU-USD	+0.0050%	1h	94.830	−0.063%	$34K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	94.865	−0.026%	$43K	$12K	3x	as long as short
KuCoin ZHIPUUSDTM	+0.0100%	4h	94.880	−0.011%	$39K	$273K	20x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	94.880	−0.011%	$824	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	94.855	−0.036%	—	—	10x	as long as short
Aster ZHIPUUSDT	+0.0137%	8h	94.771	−0.125%	$54K	$33K	20x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ZHIPUUSDT	+0.0399%	4h	94.879	−0.012%	$22.0M	$55.9M	25x	as long as short
Bybit ZHIPUUSDT	+0.0595%	8h	94.860	−0.032%	$356K	$1.2M	25x	as long as short
tradeXYZ xyz:ZHIPU	+0.0666%	1h	94.869	−0.022%	$26.6M	$6.9M	10x	as long as short
Bitget ZHIPUUSDT	+0.0756%	8h	94.940	+0.053%	$1.6M	$4.0M	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.0846%	1h	94.950	+0.063%	$32K	$19K	5x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1181%	8h	95.000	+0.116%	$5.1M	$15.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.1197%	4h	94.877	−0.014%	$20K	$151K	10x	as long as short