Funding you earn now, next payment 08:00 UTC+0.1301%/8h= +142.4% APRpaid last 24h +0.019%
Price spread now: Bybit against Lighter−0.011%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1111.108% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.011%, 7d avg +0.056%
=Together, before fees+0.031%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.066% cheaper against Lighter than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.056%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$39 a day). Mind the row above: over the last 7 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.050% in total (about -2.6% 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 | Lighter ZHIPU | 95.120 | 0.0072 | pay 0.0009% / 1h | 34m 14s | $100K | $16K | 10x |
| Short | Bybit ZHIPUUSDT | 95.110 | 0.1373 | get 0.1373% / 8h | 34m 14s | $355K | $1.3M | 25x |
Lighter ZHIPU
Bybit ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Lighter. 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
- $273.14
- Price spread: −0.011% → +0.056%
- −$6.64
- Slippage, 4 orders
- −$99.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $155.7
- Costs to cover
- 1.108%
- Break-even
- 3.0 days
Slippage from Lighter: live order book, 41 min ago; Bybit: live order book, 2 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 Lighter live order book, 41 min ago | 13.16 bp | 15.3 bp −$15 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.79 bp | 45.6 bp −$46 | 175.3 bp −$1,753 | 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 | 95.220 | +0.105% | $2K | $538K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.110 | −0.011% | $34K | $3K | 10x | as long as short |
| Lighter ZHIPUlong | +0.0072% | 1h | 95.120 | long leg | $100K | $16K | 10x | |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.236 | +0.122% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.210 | +0.095% | $827 | $798 | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0208% | 8h | 95.270 | +0.158% | $3.2M | $10.0M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0224% | 1h | 95.150 | +0.032% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0291% | 1h | 95.220 | +0.105% | $33K | $22K | 5x | as long as short |
| tradeXYZ xyz:ZHIPU | +0.0619% | 1h | 95.229 | +0.115% | $26.9M | $7.3M | 10x | as long as short |
| HTX ZHIPU-USDT | +0.0634% | 4h | 95.220 | +0.105% | $20K | $350K | 20x | as long as short |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Gate ZHIPU_USDT
Aevo ZHIPU-PERP
Ondo Perps ZHIPU-USD.P
tradeXYZ xyz:ZHIPU
HTX ZHIPU-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ZHIPUUSDT | +0.0901% | 8h | 95.210 | +0.095% | $53K | $41K | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1018% | 4h | 95.200 | +0.084% | $38K | $113K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1072% | 4h | 95.139 | +0.019% | $22.3M | $58.4M | 25x | as long as short |
| Bybit ZHIPUUSDTshort | +0.1373% | 8h | 95.110 | −0.011% | $355K | $1.3M | 25x | |
| Bitget ZHIPUUSDT | +0.1553% | 8h | 95.150 | +0.032% | $1.7M | $4.0M | 20x | as long as short |
| edgeX ZHIPUUSDC | +0.1667% | 4h | 95.129 | +0.010% | $20K | $154K | 10x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1914% | 8h | 95.130 | +0.011% | $5.3M | $16.1M | 25x | as long as short |
Aster ZHIPUUSDT
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
Bitget ZHIPUUSDT
edgeX ZHIPUUSDC
OKX ZHIPU-USDT-SWAP