Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.040%
Price spread now: Lighter against BloFin+0.073%60s7-day average +0.183% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as 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−$630.627% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 3 days (all we have)+0.482%+$48 · spread now +0.073%, 7d avg +0.183%
=Together, before fees+0.826%+ Points / potential airdropLighter: Season 3 · farm board+$83 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.110% cheaper against BloFin than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.183%). If the spread goes back, that is −$11 on $10k: about 8.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.344% in total) that is about 2.2 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 ZRO-USDT | 1.1845 | 0.0053 | pay 0.0027% / 4h | 2h 23m | $1.1M | $266K | 75x |
| Short | Lighter ZRO | 1.1854 | 0.0096 | get 0.0012% / 1h | 23m 45s | $4.6M | $1.3M | 5x |
BloFin ZRO-USDT
Lighter ZROFunding 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
- $8.97
- Price spread: +0.073% → +0.183%
- −$11.04
- Slippage, 4 orders
- −$50.71
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.78
- Costs to cover
- 0.627%
- Break-even
- 57.6 days
Slippage from BloFin: 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 BloFin live order book, 3 min ago | 0.42 bp | 13.0 bp −$13 | 36.4 bp −$364 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 13.23 bp | 13.9 bp −$14 | 87.6 bp −$876 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange ZROUSD | −0.0424% | 1h | 1.1849 | +0.033% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0058% | 4h | 1.1853 | +0.068% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0016% | 1h | 1.1851 | +0.047% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDTlong | +0.0053% | 4h | 1.1845 | long leg | $1.1M | $266K | 75x | |
| OKX ZRO-USDT-SWAP | +0.0083% | 4h | 1.1849 | +0.034% | $3.2M | $9.0M | 20x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1854 | +0.073% | $4.6M | $1.3M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1866 | +0.177% | $37.7M | $6.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1861 | +0.138% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1848 | +0.029% | $144K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1858 | +0.107% | $22.4M | $33.3M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1844 | −0.008% | $18.2M | $15.7M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | +0.042% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1863 | +0.152% | $19.2M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1867 | +0.186% | $3.0M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1854 | +0.076% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1848 | +0.025% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1856 | +0.093% | $93K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1827 | −0.151% | $2.3M | $862K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.211% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1856 | +0.093% | $87K | $922K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1850 | +0.040% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0156% | 1h | 1.1848 | +0.027% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1854 | +0.075% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1863 | +0.156% | $251K | $572K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1880 | +0.295% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.1368% | 1h | 1.1854 | +0.074% | $784K | $555K | 10x | as long as short |
Bybit ZROUSDT
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD