Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%
Price spread now: Lighter against KuCoin+0.032%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$214as in the Price arb table
costs, in and out, $10k−$2052.048% of the position
Funding, last 7 days+0.345%+$34 on $10k
+Price spread, last 7 days+0.076%+$8 · spread now +0.032%, 7d avg +0.121%
=Together, before fees+0.421%+ Points / potential airdropLighter: Season 3 · farm board+$42 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 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZROUSDTM | 1.1973 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $2.5M | $2.2M | 50x |
| Short | Lighter ZRO | 1.1977 | 0.0096 | get 0.0012% / 1h | 1m 54s | $4.5M | $1.2M | 5x |
KuCoin ZROUSDTM
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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: +0.032% → +0.121%
- −$8.96
- Slippage, 4 orders
- −$192.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$214.6
- Costs to cover
- 2.048%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Lighter: live order book, 6 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 KuCoin live order book, 5 min ago | 7.08 bp | 65.1 bp −$65 | 168.2 bp −$1,682 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 4.95 bp | 16.9 bp −$17 | 108.7 bp −$1,087 | 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 | −0.0272% | 1h | 1.1952 | −0.179% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1991 | +0.154% | $22K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0049% | 4h | 1.1966 | −0.058% | $21K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1979 | +0.050% | $1.1M | $152K | 75x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1977 | +0.032% | $4.5M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1978 | +0.042% | $37.9M | $5.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1983 | +0.082% | $162K | $147K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1969 | −0.031% | $138K | $161K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1972 | −0.008% | $22.5M | $28.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1983 | +0.084% | $18.4M | $12.7M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit 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 | 1.1996 | +0.192% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1970 | −0.025% | $1.4M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1972 | −0.008% | $9.6M | $2.9M | 125x | as long as short |
| KuCoin ZROUSDTMlong | +0.0100% | 4h | 1.1973 | long leg | $2.5M | $2.2M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.2000 | +0.226% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1971 | −0.017% | — | $21.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1986 | +0.109% | $2.3M | $739K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.2000 | +0.226% | $40K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1982 | +0.075% | $102K | $789K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1955 | −0.150% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0126% | 1h | 1.1972 | −0.007% | $1.4M | $119K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1972 | −0.012% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0304% | 1h | 1.1973 | 0.000% | $818K | $646K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0503% | 1h | 1.1970 | −0.025% | $96K | $217K | 20x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0548% | 1h | 1.1966 | −0.061% | $272K | $290K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.2040 | +0.560% | $13K | $258K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
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]
Extended ZRO-USD
Backpack ZRO_USDC_PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP