Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.005%
Price spread now: Lighter against BloFin+0.281%60s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 4 days (all we have)−0.547%−$55 · spread now +0.281%, 7d avg +0.011%
=Together, before fees−0.719%+ Points / potential airdropLighter: Season 3 · farm board−$72 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.270% dearer against BloFin than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.011%): +$27 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.171% in total) that is about 11 days. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ZK-USDT | 0.01212 | 0.0106 | pay 0.0053% / 4h | 3h 03m | $217K | $23K | 75x |
| Short | Lighter ZK | 0.01215 | 0.0096 | get 0.0012% / 1h | 3m 49s | $129K | $187K | 8x |
BloFin ZK-USDT
Lighter ZKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$2.03
- Price spread: +0.281% → +0.011%
- $27
- Slippage, 4 orders
- −$62.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$49.25
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 62 min ago; Lighter: live order book, 11 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 BloFin live order book, 62 min ago | 2.10 bp | 14.4 bp −$14 | 43.0 bp −$430 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 11 min ago | 8.27 bp | 9.1 bp −$9 | 61.1 bp −$611 | doesn't fit | doesn't fit |
ZK 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −3.433% | $2K | $31K | 5.5x | as long as short |
| Lighter ZKshort | +0.0096% | 1h | 0.01215 | +0.281% | $129K | $187K | 8x | |
| Hyperliquid ZK | +0.0100% | 1h | 0.01213 | +0.124% | $601K | $163K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01214 | +0.177% | $33K | $22K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01211 | −0.050% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01213 | +0.097% | $5.0M | $7.7M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01212 | +0.058% | $5.2M | $2.5M | 25x | as long as short |
| OKX ZK-USDT-SWAP | +0.0100% | 4h | 0.01211 | −0.017% | $1.0M | $2.2M | 20x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01214 | +0.198% | $305K | $267K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01213 | +0.116% | $983K | $1.7M | 50x | as long as short |
Injective ZK/USDC PERP
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
OKX ZK-USDT-SWAP
Gate ZK_USDT
KuCoin ZKUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget ZKUSDT | +0.0100% | 4h | 0.01213 | +0.116% | $1.5M | $811K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01213 | +0.116% | — | $6.6M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01211 | −0.050% | $58K | $8K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01212 | +0.010% | $162K | $2.1M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01212 | +0.033% | $8K | $632K | 50x | as long as short |
| BloFin ZK-USDTlong | +0.0106% | 4h | 0.01212 | long leg | $217K | $23K | 75x | |
| Kraken Futures PF_ZKUSD | +0.3489% | 1h | 0.01222 | +0.818% | $213K | $43K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
Kraken Futures PF_ZKUSD