Funding you earn now, next payment 01:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h −0.001%
Price spread now: Lighter against OKX+0.221%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.221%, 7d avg +0.055%
=Together, before fees−0.254%+ Points / potential airdropLighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Lighter is 0.166% dearer against OKX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.055%. Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZK-USDT-SWAP | 0.01178 | −0.0114 | get 0.0057% / 4h | 3h 10m | $1.0M | $2.3M | 20x |
| Short | Lighter ZK | 0.01181 | 0.0096 | get 0.0012% / 1h | 10m 03s | $131K | $173K | 8x |
OKX ZK-USDT-SWAP
Lighter ZKFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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
- $44.02
- Price spread: +0.221% → +0.055%
- $16.6
- Slippage, 4 orders
- −$66.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.95
- Costs to cover
- 0.766%
- Break-even
- 9.5 days
Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 45 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 OKX live order book, 2 min ago | 3.40 bp | 15.6 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 45 min ago | 8.02 bp | 10.5 bp −$11 | 67.8 bp −$678 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZK-USDT-SWAPlong | −0.0114% | 4h | 0.01178 | long leg | $1.0M | $2.3M | 20x | |
| Bybit ZKUSDT | −0.0076% | 4h | 0.01178 | 0.000% | $5.0M | $2.6M | 25x | as long as short |
| Injective ZK/USDC PERP | +0.0033% | 1h | 0.01170 | −0.679% | $2K | $31K | 5.5x | as long as short |
| Lighter ZKshort | +0.0096% | 1h | 0.01181 | +0.221% | $131K | $173K | 8x | |
| Hyperliquid ZK | +0.0100% | 1h | 0.01180 | +0.144% | $586K | $242K | 5x | as long as short |
| Aster ZKUSDT | +0.0100% | 4h | 0.01180 | +0.209% | $37K | $19K | 10x | as long as short |
| Pacifica ZK | +0.0100% | 1h | 0.01180 | +0.204% | $30K | $3K | 5x | as long as short |
| Binance ZKUSDT | +0.0100% | 4h | 0.01180 | +0.192% | $4.8M | $9.4M | 75x | as long as short |
| Gate ZK_USDT | +0.0100% | 8h | 0.01180 | +0.170% | $332K | $241K | 50x | as long as short |
| KuCoin ZKUSDTM | +0.0100% | 4h | 0.01179 | +0.085% | $982K | $1.2M | 50x | as long as short |
Bybit ZKUSDT
Injective ZK/USDC PERP
Hyperliquid ZK
Aster ZKUSDT
Pacifica ZK
Binance 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 | 0.01179 | +0.085% | $1.5M | $846K | 75x | as long as short |
| BingX ZK-USDT | +0.0100% | 4h | 0.01179 | +0.076% | — | $6.7M | — | as long as short |
| Variational Omni ZK | +0.0100% | 4h | 0.01177 | −0.084% | $57K | $15K | — | as long as short |
| GRVT ZK_USDT_Perp | +0.0100% | 4h | 0.01178 | 0.000% | $164K | $2.7M | 10x | as long as short |
| ApeX Omni ZKUSDT | +0.0100% | 1h | 0.01178 | 0.000% | $9K | $623K | 50x | as long as short |
| BloFin ZK-USDT | +0.0113% | 4h | 0.01180 | +0.136% | $215K | $22K | 75x | as long as short |
| Kraken Futures PF_ZKUSD | +0.1360% | 1h | 0.01181 | +0.253% | $194K | $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