ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.022%

Price spread now: Lighter against GMX+0.062%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.062% dearer against GMX than usual: you sell high and buy low (spread +0.062% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ZRO/USD [ETH-USDC]	1.1845	L +0.0292% / S −0.2341%	pay 0.0037% / 1h	26m 11s	$3K	—	100x
Short	Lighter ZRO	1.1853	0.0096	get 0.0012% / 1h	26m 11s	$4.6M	$1.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee LighterbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$41.17
Price spread: +0.062% → 0.000%: $6.25
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.92
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Lighter: live order book, 7 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 7 min ago	9.16 bp	17.0 bp −$17	95.9 bp −$959	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0440%	1h	1.1835	−0.089%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	−0.0060%	4h	1.1845	−0.003%	$21K	$7K	10x	as long as short
dYdX ZRO-USD	+0.0001%	1h	1.1840	−0.045%	$21K	$2K	5x	as long as short
OKX ZRO-USDT-SWAP	+0.0073%	4h	1.1855	+0.082%	$3.2M	$9.1M	20x	as long as short
Lighter ZROshort	+0.0096%	1h	1.1853	+0.062%	$4.6M	$1.3M	5x
Hyperliquid ZRO	+0.0100%	1h	1.1863	+0.149%	$37.7M	$6.9M	5x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1837	−0.073%	$158K	$160K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1834	−0.097%	$143K	$193K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1847	+0.013%	$22.4M	$33.3M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1840	−0.045%	$18.2M	$15.7M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZRO_USDT	+0.0100%	4h	1.1840	−0.045%	$1.3M	$2.0M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1849	+0.031%	$19.1M	$3.5M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1846	+0.006%	$3.0M	$1.8M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1847	+0.014%	$2.8M	$2.5M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1843	−0.019%	—	$10.9M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1857	+0.099%	$93K	$204K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1835	−0.083%	$2.3M	$860K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1850	+0.040%	$37K	$682K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1844	−0.011%	$87K	$922K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1840	−0.048%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0117%	4h	1.1830	−0.129%	$1.1M	$266K	75x	as long as short
Nado ZRO-PERP	+0.0153%	1h	1.1827	−0.156%	$1.3M	$131K	5x	as long as short
GMX ZRO/USD [ETH-USDC]long	L +0.0292% / S −0.2341%	1h	1.1845	long leg	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0316%	1h	1.1859	+0.113%	$251K	$572K	25x	as long as short
Injective ZRO/USDC PERP	+0.1237%	1h	1.1860	+0.124%	$12K	$175K	12x	as long as short
Extended ZRO-USD	+0.1240%	1h	1.1843	−0.016%	$784K	$559K	10x	as long as short