Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%
Price spread now: Lighter against Gate+0.230%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1081.076% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 7 days−0.141%−$14 · spread now +0.230%, 7d avg +0.107%
=Together, before fees+0.218%+ Points / potential airdropLighter: Season 3 · farm board+$22 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 0.122% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1930 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $1.4M | $1.3M | 75x |
| Short | Lighter ZRO | 1.1957 | 0.0096 | get 0.0012% / 1h | 40m 01s | $4.4M | $1.2M | 5x |
Gate ZRO_USDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.230% → +0.107%
- $12.24
- Slippage, 4 orders
- −$92.58
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$96.18
- Costs to cover
- 1.076%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Lighter: live order book, 3 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 Gate live order book, 2 min ago | 8.38 bp | 37.0 bp −$37 | 91.1 bp −$911 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 4.59 bp | 39.3 bp −$39 | 102.4 bp −$1,024 | 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 | −0.0288% | 1h | 1.1945 | +0.126% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1949 | +0.160% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0074% | 4h | 1.1942 | +0.101% | $21K | $4K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1957 | +0.230% | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1957 | +0.226% | $37.9M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1952 | +0.184% | $161K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1946 | +0.131% | $140K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1940 | +0.084% | $22.5M | $29.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1942 | +0.101% | $18.3M | $13.4M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1944 | +0.117% | $3.2M | $8.0M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDTlong | +0.0100% | 4h | 1.1930 | long leg | $1.4M | $1.3M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1940 | +0.084% | $20.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1941 | +0.092% | $2.5M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1935 | +0.042% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1943 | +0.109% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1939 | +0.072% | $2.3M | $765K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1980 | +0.419% | $40K | $667K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1950 | +0.168% | $101K | $805K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0103% | 4h | 1.1949 | +0.159% | $1.1M | $202K | 75x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1936 | +0.047% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0165% | 1h | 1.1945 | +0.127% | $1.4M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2341% | 1h | 1.1964 | +0.288% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0408% | 1h | 1.1940 | +0.085% | $819K | $647K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0549% | 1h | 1.1946 | +0.133% | $272K | $318K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0674% | 1h | 1.1941 | +0.092% | $96K | $222K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.2000 | +0.587% | $13K | $258K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
BloFin ZRO-USDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP