ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0238%/8h= −26.0% APRnext payment −$0.30 per $10,000 · paid last 24h +0.212%

Price spread now: Ondo Perps against Lighter+0.160%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 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 · Ondo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.160% dearer against Lighter than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	100.23	0.1552	pay 0.0194% / 1h	24m 19s	$106K	$20K	10x
Short	Ondo Perps ZHIPU-USD.P	100.39	0.1314	get 0.0164% / 1h	24m 19s	$36K	$18K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$49.9
Price spread: +0.160% → 0.000%: $15.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$38.93
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: live order book, 20 min ago; Ondo Perps: 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, 20 min ago	9.54 bp	12.0 bp −$12	47.2 bp −$472	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	+0.229%	$2K	$922K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	100.02	−0.209%	$28K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	100.66	+0.429%	$52	$266	10x	as long as short
Aevo ZHIPU-PERP	+0.0104%	1h	100.75	+0.523%	—	—	10x	as long as short
SoDEX ZHIPU-USD	+0.0104%	1h	100.19	−0.040%	$36K	$3K	10x	as long as short
Aster ZHIPUUSDT	+0.0421%	8h	99.879	−0.351%	$51K	$53K	20x	as long as short
Gate ZHIPU_USDT	+0.0462%	8h	100.78	+0.549%	$3.2M	$10.8M	50x	as long as short
Bitget ZHIPUUSDT	+0.1211%	8h	100.70	+0.469%	$2.0M	$3.7M	20x	as long as short
HTX ZHIPU-USDT	+0.1220%	4h	100.15	−0.080%	$18K	$321K	20x	as long as short
Ondo Perps ZHIPU-USD.Pshort	+0.1314%	1h	100.39	+0.160%	$36K	$18K	5x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZHIPU-USDT-SWAP	+0.1396%	8h	100.82	+0.589%	$5.5M	$15.8M	25x	as long as short
KuCoin ZHIPUUSDTM	+0.1408%	4h	100.42	+0.190%	$40K	$121K	20x	as long as short
Lighter ZHIPUlong	+0.1552%	1h	100.23	long leg	$106K	$20K	10x
tradeXYZ xyz:ZHIPU	+0.2091%	1h	100.56	+0.329%	$28.4M	$6.6M	10x	as long as short
Binance ZHIPUUSDT	+0.2227%	4h	100.66	+0.424%	$23.5M	$57.1M	25x	as long as short
edgeX ZHIPUUSDC	+0.2655%	4h	100.16	−0.069%	$20K	$149K	10x	as long as short
Bybit ZHIPUUSDT	+0.2979%	8h	100.72	+0.489%	$374K	$1.3M	25x	as long as short