Funding you earn now, next payment 07:00 UTC+0.0832%/8h= +91.2% APRpaid last 24h −0.045%
Price spread now: HTX against Lighter+0.031%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$920.922% of the position
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.031%, 7d avg −0.039%
=Together, before fees−0.232%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and HTX is 0.070% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.296%, 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 -0.296% in total (about -15.4% 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 | Lighter ZHIPU | 95.380 | 0.0032 | pay 0.0004% / 1h | 23m 04s | $100K | $17K | 10x |
| Short | HTX ZHIPU-USDT | 95.410 | 0.0864 | get 0.0432% / 4h | 1h 23m | $21K | $350K | 20x |
Lighter ZHIPU
HTX ZHIPU-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $174.82
- Price spread: +0.031% → −0.039%
- $7.02
- Slippage, 4 orders
- −$80.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $89.6
- Costs to cover
- 0.922%
- Break-even
- 3.4 days
Slippage from Lighter: live order book, 57 min ago; HTX: live order book, 20 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, 57 min ago | 27.08 bp | 31.2 bp −$31 | 64.9 bp −$649 | doesn't fit | doesn't fit |
| Sell HTX live order book, 20 min ago | 5.21 bp | 19.0 bp −$19 | 36.7 bp −$367 | 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 | 95.490 | +0.115% | $2K | $770K | 10x | as long as short |
| Lighter ZHIPUlong | +0.0032% | 1h | 95.380 | long leg | $100K | $17K | 10x | |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 95.340 | −0.042% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 95.173 | −0.217% | $43K | $12K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 95.340 | −0.042% | $828 | $1K | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0185% | 8h | 95.460 | +0.084% | $3.2M | $11.9M | 50x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 95.349 | −0.032% | — | — | 10x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0535% | 1h | 95.050 | −0.346% | $33K | $23K | 5x | as long as short |
| HTX ZHIPU-USDTshort | +0.0864% | 4h | 95.410 | +0.031% | $21K | $350K | 20x | |
| Aster ZHIPUUSDT | +0.0901% | 8h | 95.440 | +0.063% | $53K | $53K | 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
Aster ZHIPUUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.0923% | 1h | 95.305 | −0.079% | $26.9M | $7.6M | 10x | as long as short |
| KuCoin ZHIPUUSDTM | +0.0962% | 4h | 95.370 | −0.010% | $38K | $119K | 20x | as long as short |
| Binance ZHIPUUSDT | +0.1069% | 4h | 95.339 | −0.043% | $22.5M | $66.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.1195% | 4h | 95.139 | −0.253% | $20K | $153K | 10x | as long as short |
| Bybit ZHIPUUSDT | +0.1480% | 8h | 95.330 | −0.052% | $356K | $1.5M | 25x | as long as short |
| Bitget ZHIPUUSDT | +0.1603% | 8h | 95.370 | −0.010% | $1.7M | $4.3M | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1977% | 8h | 95.420 | +0.042% | $5.4M | $18.5M | 25x | as long as short |
tradeXYZ xyz:ZHIPU
KuCoin ZHIPUUSDTM
Binance ZHIPUUSDT
edgeX ZHIPUUSDC
Bybit ZHIPUUSDT
Bitget ZHIPUUSDT
OKX ZHIPU-USDT-SWAP