ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1428%/8h= −156.4% APRnext payment −$1.79 per $10,000 · paid last 24h −0.030%

Price spread now: Nado against Lighter−0.393%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and Nado is 0.393% cheaper against Lighter than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	100.16	0.1528	pay 0.0191% / 1h	25m 20s	$105K	$20K	10x
Short	Nado ZHIPU-PERP	99.766	0.0100	get 0.0012% / 1h	25m 20s	$28K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.393%Rate

Funding earned: −$299.88
Price spread: −0.393% → 0.000%: −$39.3
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$346.18
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 19 min ago; Nado: 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 Lighter live order book, 19 min ago	9.54 bp	12.0 bp −$12	47.2 bp −$472	doesn't fit	doesn't fit
Sell Nado no order-book sample	—	—	—	—	—

Nado: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX ZHIPU-USDT	0.0000%	4h	100.46	+0.300%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERPshort	+0.0100%	1h	99.766	−0.393%	$28K	$3K	3x
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.19	+0.030%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.33	+0.174%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0104%	1h	100.19	+0.030%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0401%	8h	99.781	−0.378%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0436%	8h	100.36	+0.200%	$3.2M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1195%	8h	100.29	+0.130%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1220%	4h	100.15	−0.010%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1289%	1h	100.14	−0.020%	$36K	$18K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1377%	8h	100.35	+0.190%	$5.4M	$15.6M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1382%	4h	100.09	−0.070%	$40K	$121K	20x	as long as short
Lighter ZHIPUlong	+0.1528%	1h	100.16	long leg	$105K	$20K	10x
tradeXYZ xyz:ZHIPU	+0.2085%	1h	100.19	+0.030%	$28.2M	$6.9M	10x	as long as short
Binance ZHIPUUSDT	+0.2211%	4h	100.16	0.000%	$23.4M	$56.9M	25x	as long as short
edgeX ZHIPUUSDC	+0.2655%	4h	100.16	+0.001%	$20K	$149K	10x	as long as short
Bybit ZHIPUUSDT	+0.2959%	8h	100.29	+0.130%	$372K	$1.3M	25x	as long as short