ZHIPU

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.3% APRnext payment +$0.49 per $10,000 · paid last 24h +0.145%

Price spread now: tradeXYZ against Lighter−0.028%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.028%, 7d avg +0.087%

Together, before fees+0.322%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.114% cheaper against Lighter than usual: you would sell low and buy high (spread −0.028% now, against its 7-day average of +0.087%). If the spread goes back, that is −$11 on $10k: about 23 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.317% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZHIPU	98.120	0.1344	pay 0.0168% / 1h	0m 56s	$103K	$20K	10x
Short	tradeXYZ xyz:ZHIPU	98.093	0.1740	get 0.0217% / 1h	0m 56s	$27.4M	$6.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.028%Rate

Funding earned: $83.09
Price spread: −0.028% → +0.087%: −$11.44
Slippage, 4 orders: −$32.89
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $20.76
Costs to cover: 0.509%
Break-even: 5.3 days

Slippage from Lighter: live order book, 43 min ago; tradeXYZ: live order book, 8 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, 43 min ago	9.54 bp	12.0 bp −$12	47.2 bp −$472	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	2.43 bp	12.7 bp −$13	doesn't fit	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	98.520	+0.408%	$1K	$864K	10x	as long as short
SoDEX ZHIPU-USD	+0.0050%	1h	98.050	−0.071%	$35K	$3K	10x	as long as short
Nado ZHIPU-PERP	+0.0100%	1h	98.017	−0.105%	$27K	$3K	3x	as long as short
Orderly PERP_ZHIPU_USDC_mythos	+0.0100%	8h	98.130	+0.010%	$578	$798	10x	as long as short
Aevo ZHIPU-PERP	+0.0144%	1h	98.148	+0.029%	—	—	10x	as long as short
Gate ZHIPU_USDT	+0.0425%	8h	98.330	+0.214%	$3.1M	$11.4M	50x	as long as short
Aster ZHIPUUSDT	+0.0586%	8h	98.180	+0.061%	$50K	$52K	20x	as long as short
Ondo Perps ZHIPU-USD.P	+0.1094%	1h	98.230	+0.112%	$37K	$21K	5x	as long as short
HTX ZHIPU-USDT	+0.1100%	4h	98.220	+0.102%	$18K	$324K	20x	as long as short
Lighter ZHIPUlong	+0.1344%	1h	98.120	long leg	$103K	$20K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ZHIPUUSDT	+0.1372%	8h	98.350	+0.234%	$1.9M	$3.8M	20x	as long as short
KuCoin ZHIPUUSDTM	+0.1526%	4h	98.120	0.000%	$40K	$123K	20x	as long as short
OKX ZHIPU-USDT-SWAP	+0.1602%	8h	98.510	+0.397%	$5.5M	$15.8M	25x	as long as short
tradeXYZ xyz:ZHIPUshort	+0.1740%	1h	98.093	−0.028%	$27.4M	$6.8M	10x
Binance ZHIPUUSDT	+0.2226%	4h	98.259	+0.141%	$22.7M	$58.7M	25x	as long as short
Bybit ZHIPUUSDT	+0.2765%	8h	98.330	+0.214%	$367K	$1.3M	25x	as long as short
edgeX ZHIPUUSDC	+0.2984%	4h	98.953	+0.849%	$19K	$150K	10x	as long as short