Funding you earn now, next payment 23:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Injective against Lighter+0.146%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · farm boardneeds both histories
The price spread pays, funding is against you. Injective is 0.146% dearer against Lighter than usual: you sell high and buy low (spread +0.146% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days. The two prices were read 66 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 | 0.01168 | 0.0096 | pay 0.0012% / 1h | 10m 17s | $127K | $165K | 8x |
| Short | Injective ZK/USDC PERP | 0.01170 | 0.0033 | get 0.0004% / 1h | 10m 17s | $2K | $31K | 5.5x |
Lighter ZK
Injective ZK/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +0.146% → 0.000%
- $14.55
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $1.37
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 63 min ago; Injective: 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, 63 min ago | 9.86 bp | 24.8 bp −$25 | 73.9 bp −$739 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZK-USDT-SWAP | 0.0000% | 4h | 0.01166 | −0.223% | $942K | $2.3M | 20x | as long as short |
| Injective ZK/USDC PERPshort | +0.0033% | 1h | 0.01170 | +0.146% | $2K | $31K | 5.5x | |
| Lighter ZKlong | +0.0096% | 1h | 0.01168 | long leg | $127K | $165K | 8x | |
| Hyperliquid ZK | +0.0100% | 1h | 0.01167 | −0.068% | $592K | $239K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01167 | −0.143% | $36K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01167 | −0.146% | $29K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01166 | −0.227% | $4.7M | $9.8M | 75x | as long as short |
| Bybit ZKUSDT | +0.0100% | 4h | 0.01166 | −0.231% | $5.0M | $2.6M | 25x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01167 | −0.111% | $319K | $248K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01166 | −0.197% | $983K | $1.0M | 50x | as long as short |
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 | 0.01166 | −0.197% | $1.5M | $866K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01166 | −0.214% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01166 | −0.210% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01166 | −0.187% | $160K | $2.8M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01167 | −0.111% | $8K | $624K | 50x | as long as short |
| BloFin ZK-USDT | +0.0151% | 4h | 0.01167 | −0.146% | $211K | $25K | 75x | as long as short |
| Kraken Futures PF_ZKUSD | +0.1295% | 1h | 0.01168 | −0.022% | $193K | $43K | 25x | as long as short |
Bitget ZKUSDT
BingX ZK-USDT
Variational Omni ZK
GRVT ZK_USDT_Perp
ApeX Omni ZKUSDT
BloFin ZK-USDT
Kraken Futures PF_ZKUSD