Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.034%
Price spread now: Lighter against Bybit+0.226%7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1131.129% of the position
Funding, last 7 days+0.349%+$35 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now +0.226%, 7d avg +0.159%
=Together, before fees+0.401%+ Points / potential airdropLighter: Season 3 · farm board+$40 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 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.159%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ZROUSDT | 1.1579 | 0.0100 | pay 0.0050% / 4h | 48m 25s | $17.7M | $13.9M | 50x |
| Short | Lighter ZRO | 1.1605 | 0.0096 | get 0.0012% / 1h | 48m 25s | $4.3M | $1.2M | 5x |
Bybit ZROUSDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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: +0.226% → +0.159%
- $6.77
- Slippage, 4 orders
- −$101.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$106.97
- Costs to cover
- 1.129%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 2.15 bp | 17.5 bp −$17 | 48.2 bp −$482 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 11.42 bp | 47.3 bp −$47 | 119.5 bp −$1,195 | 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 | −0.0072% | 1h | 1.1594 | +0.132% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0004% | 1h | 1.1594 | +0.133% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1583 | +0.035% | $20K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1570 | −0.078% | $1.1M | $246K | 75x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0089% | 1h | 1.1588 | +0.078% | $97K | $196K | 20x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1605 | +0.226% | $4.3M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1589 | +0.083% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1586 | +0.060% | $134K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1592 | +0.112% | $21.7M | $29.8M | 75x | as long as short |
| Bybit ZROUSDTlong | +0.0100% | 4h | 1.1579 | long leg | $17.7M | $13.9M | 50x |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Backpack ZRO_USDC_PERP
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1594 | +0.130% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1580 | +0.009% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1593 | +0.121% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1583 | +0.035% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1580 | +0.009% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1589 | +0.086% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | +0.095% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1610 | +0.268% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1592 | +0.112% | $98K | $844K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1567 | −0.106% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0221% | 1h | 1.1586 | +0.058% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1582 | +0.030% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0384% | 1h | 1.1603 | +0.207% | $255K | $404K | 25x | as long as short |
| Hyperliquid ZRO | +0.0480% | 1h | 1.1606 | +0.233% | $36.7M | $5.4M | 5x | as long as short |
| Extended ZRO-USD | +0.1088% | 1h | 1.1584 | +0.040% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1660 | +0.700% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
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
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP