Funding you earn now, next payment 22:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.051%
Price spread now: Aster against Lighter−0.282%7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$890.895% of the position
Funding, last 5 days (all we have)−0.332%−$33 on $10k
+Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.282%, 7d avg −0.130%
=Together, before fees−0.158%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.152% cheaper against Lighter than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.130%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1790 | 0.0176 | pay 0.0022% / 1h | 54m 22s | $4.7M | $1.2M | 5x |
| Short | Aster ZROUSDT | 1.1756 | 0.0100 | get 0.0050% / 4h | 2h 54m | $157K | $163K | 10x |
Lighter ZRO
Aster ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- −$15.96
- Price spread: −0.282% → −0.130%
- −$15.17
- Slippage, 4 orders
- −$81.47
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$120.6
- Costs to cover
- 0.895%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Aster: live order book, 31 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 Lighter live order book, 3 min ago | 5.18 bp | 5.9 bp −$6 | 63.1 bp −$631 | doesn't fit | doesn't fit |
| Sell Aster live order book, 31 min ago | 3.81 bp | 30.3 bp −$30 | doesn't fit | 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 | −0.0248% | 1h | 1.1781 | −0.077% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0037% | 4h | 1.1749 | −0.344% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDT | −0.0007% | 4h | 1.1735 | −0.463% | $18.0M | $16.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | −0.0005% | 4h | 1.1748 | −0.353% | $3.2M | $9.2M | 20x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1787 | −0.020% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1759 | −0.260% | $37.3M | $7.1M | 5x | as long as short |
| Aster ZROUSDTshort | +0.0100% | 4h | 1.1756 | −0.282% | $157K | $163K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1779 | −0.088% | $143K | $201K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1741 | −0.409% | $22.2M | $34.5M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1740 | −0.421% | $1.3M | $2.0M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
dYdX ZRO-USD
Hyperliquid ZRO
Pacifica ZRO
Binance ZROUSDT
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1741 | −0.412% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1739 | −0.429% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1742 | −0.404% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1747 | −0.361% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1801 | +0.097% | $92K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1766 | −0.201% | $2.2M | $893K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.166% | $37K | $683K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1747 | −0.361% | $86K | $1.0M | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1757 | −0.278% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0104% | 4h | 1.1778 | −0.098% | $1.1M | $265K | 75x | as long as short |
| Lighter ZROlong | +0.0176% | 1h | 1.1790 | long leg | $4.7M | $1.2M | 5x | |
| Nado ZRO-PERP | +0.0221% | 1h | 1.1738 | −0.436% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1758 | −0.272% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1764 | −0.216% | $249K | $574K | 25x | as long as short |
| Extended ZRO-USD | +0.0432% | 1h | 1.1742 | −0.404% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1820 | +0.258% | $12K | $145K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP