Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%
Price spread now: Lighter against Binance+0.314%7-day average +0.134% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 7 days−0.018%−$2 · spread now +0.314%, 7d avg +0.134%
=Together, before fees+0.344%+ Points / potential airdropLighter: Season 3 · farm board+$34 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.180% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.134%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ZROUSDT | 1.1569 | 0.0100 | pay 0.0050% / 4h | 2h 23m | $21.6M | $29.4M | 75x |
| Short | Lighter ZRO | 1.1605 | 0.0096 | get 0.0012% / 1h | 23m 24s | $4.3M | $1.2M | 5x |
Binance ZROUSDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: +0.314% → +0.134%
- $18.04
- Slippage, 4 orders
- −$66.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$59.61
- Costs to cover
- 0.768%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 4 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 Binance live order book, 3 min ago | 0.87 bp | 13.1 bp −$13 | 31.4 bp −$314 | 343.8 bp −$34.4K | doesn't fit |
| Sell Lighter live order book, 4 min ago | 9.55 bp | 15.7 bp −$16 | 100.3 bp −$1,003 | doesn't fit | doesn't fit |
ZRO on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0010% | 1h | 1.1585 | +0.135% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0067% | 4h | 1.1580 | +0.095% | $20K | $4K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1605 | +0.314% | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1581 | +0.104% | $36.7M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1572 | +0.024% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1581 | +0.107% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDTlong | +0.0100% | 4h | 1.1569 | long leg | $21.6M | $29.4M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1572 | +0.026% | $17.7M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1567 | −0.017% | $3.1M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1570 | +0.008% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1573 | +0.034% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1569 | 0.000% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1561 | −0.069% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1567 | −0.017% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1592 | +0.199% | $94K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1540 | −0.254% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1550 | −0.164% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1579 | +0.086% | $101K | $815K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0104% | 4h | 1.1568 | −0.009% | $1.0M | $247K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1580 | +0.091% | $20K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1571 | +0.016% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1573 | +0.032% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1580 | +0.094% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0709% | 1h | 1.1602 | +0.286% | $253K | $333K | 25x | as long as short |
| Extended ZRO-USD | +0.0984% | 1h | 1.1564 | −0.046% | $791K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1610 | +0.354% | $12K | $260K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP