Funding you earn now, next payment 00:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.018%
Price spread now: BloFin against Lighter−0.185%60s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as 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−$900.902% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.185%, 7d avg +0.006%
=Together, before fees+0.359%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.192% cheaper against Lighter than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of +0.006%). If the spread goes back, that is −$19 on $10k: about 29 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.150% in total) that is about 8.9 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 | Lighter ZK | 0.01187 | 0.0096 | pay 0.0012% / 1h | 50m 06s | $129K | $165K | 8x |
| Short | BloFin ZK-USDT | 0.01185 | 0.0118 | get 0.0059% / 4h | 50m 06s | $213K | $25K | 75x |
Lighter ZK
BloFin ZK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $4.59
- Price spread: −0.185% → +0.006%
- −$19.15
- Slippage, 4 orders
- −$78.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.75
- Costs to cover
- 0.902%
- Break-even
- 166.9 days
Slippage from Lighter: live order book, 10 min ago; BloFin: 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, 10 min ago | 25.02 bp | 32.9 bp −$33 | 427.9 bp −$4,279 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 0.86 bp | 11.2 bp −$11 | 32.5 bp −$325 | 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 | −1.465% | $2K | $31K | 5.5x | as long as short |
| OKX ZK-USDT-SWAP | +0.0054% | 4h | 0.01183 | −0.345% | $987K | $2.3M | 20x | as long as short |
| Lighter ZKlong | +0.0096% | 1h | 0.01187 | long leg | $129K | $165K | 8x | |
| Hyperliquid ZK | +0.0100% | 1h | 0.01187 | −0.051% | $602K | $237K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01187 | −0.027% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01187 | −0.042% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01186 | −0.113% | $4.8M | $9.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01185 | −0.194% | $5.0M | $2.6M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01186 | −0.118% | $324K | $244K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01185 | −0.202% | $999K | $1.0M | 50x | as long as short |
Injective ZK/USDC PERP
OKX ZK-USDT-SWAP
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance ZKUSDT
Bybit ZKUSDT
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 | 0.01186 | −0.118% | $1.5M | $857K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01185 | −0.160% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01184 | −0.257% | $58K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01180 | −0.662% | $162K | $2.8M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01182 | −0.455% | $8K | $628K | 50x | as long as short |
| BloFin ZK-USDTshort | +0.0118% | 4h | 0.01185 | −0.185% | $213K | $25K | 75x | |
| Kraken Futures PF_ZKUSD | +0.1398% | 1h | 0.01190 | +0.207% | $196K | $44K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
Kraken Futures PF_ZKUSD