ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Hyperliquid+0.068%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.477% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 7 days+0.132%+$13 · spread now +0.068%, 7d avg +0.049%

Together, before fees+0.377%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ZRO	1.1662	0.0100	pay 0.0013% / 1h	9m 08s	$36.9M	$5.4M	5x
Short	Lighter ZRO	1.1670	0.0096	get 0.0012% / 1h	9m 08s	$4.3M	$1.2M	5x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Slippage from Hyperliquid: live order book, 4 min ago; Lighter: live order book, 3 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 4 min ago	0.85 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	7.26 bp	8.2 bp −$8	84.3 bp −$843	doesn't fit	doesn't fit

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	−0.0224%	1h	1.1634	−0.239%	$7K	$3K	5x	as long as short
Bybit ZROUSDT	−0.0045%	4h	1.1641	−0.180%	$17.9M	$13.9M	50x	as long as short
dYdX ZRO-USD	+0.0003%	1h	1.1661	−0.009%	$21K	$3K	5x	as long as short
Gate ZRO_USDT	+0.0006%	4h	1.1640	−0.189%	$1.3M	$1.5M	75x	as long as short
Orderly PERP_ZRO_USDC	+0.0031%	4h	1.1651	−0.094%	$20K	$5K	10x	as long as short
Lighter ZROshort	+0.0096%	1h	1.1670	+0.068%	$4.3M	$1.2M	5x
Hyperliquid ZROlong	+0.0100%	1h	1.1662	long leg	$36.9M	$5.4M	5x
Aster ZROUSDT	+0.0100%	4h	1.1659	−0.024%	$157K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1656	−0.048%	$136K	$167K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1651	−0.094%	$21.8M	$29.7M	75x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1649	−0.111%	$3.2M	$7.9M	20x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1649	−0.111%	$19.0M	$2.8M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1658	−0.034%	$2.3M	$1.9M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1648	−0.120%	$2.7M	$2.4M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1646	−0.137%	—	$16.5M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1653	−0.077%	$96K	$211K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1662	+0.004%	$2.3M	$815K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1680	+0.154%	$39K	$674K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1656	−0.051%	$91K	$838K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1645	−0.142%	$21K	—	3x	as long as short
Nado ZRO-PERP	+0.0231%	1h	1.1654	−0.069%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]	L +0.0292% / S −0.2341%	1h	1.1654	−0.067%	$3K	—	100x	as long as short
Kraken Futures PF_ZROUSD	+0.0373%	1h	1.1669	+0.056%	$250K	$400K	25x	as long as short
Extended ZRO-USD	+0.0976%	1h	1.1652	−0.088%	$780K	$591K	10x	as long as short
Injective ZRO/USDC PERP	+0.1213%	1h	1.1730	+0.583%	$12K	$260K	12x	as long as short