Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.034%
Price spread now: Binance against Lighter−0.178%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days−0.364%−$36 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now −0.178%, 7d avg −0.135%
=Together, before fees−0.469%+ Points / potential airdropLighter: Season 3 · farm board−$47 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: Binance is 0.043% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1787 | 0.0096 | pay 0.0012% / 1h | 1m 47s | $4.4M | $1.2M | 5x |
| Short | Binance ZROUSDT | 1.1766 | 0.0100 | get 0.0050% / 4h | 1m 47s | $22.1M | $29.8M | 75x |
Lighter ZRO
Binance ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0.84
- Price spread: −0.178% → −0.135%
- −$4.3
- Slippage, 4 orders
- −$51.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$65.26
- Costs to cover
- 0.618%
- Break-even
- 550.8 days
Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 10 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, 6 min ago | 10.18 bp | 17.3 bp −$17 | 81.4 bp −$814 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.85 bp | 14.6 bp −$15 | 32.0 bp −$320 | 236.3 bp −$23.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0036% | 1h | 1.1768 | −0.167% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0044% | 4h | 1.1768 | −0.165% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0090% | 4h | 1.1758 | −0.249% | $1.1M | $250K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1787 | long leg | $4.4M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | −0.139% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1769 | −0.159% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDTshort | +0.0100% | 4h | 1.1766 | −0.178% | $22.1M | $29.8M | 75x | |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1766 | −0.182% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1776 | −0.097% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1760 | −0.232% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
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 | 1.1766 | −0.182% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1759 | −0.241% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1770 | −0.148% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1768 | −0.165% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1771 | −0.139% | $101K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1713 | −0.632% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | −0.572% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1776 | −0.097% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1768 | −0.165% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0144% | 1h | 1.1781 | −0.052% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0191% | 1h | 1.1770 | −0.147% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1764 | −0.198% | $3K | — | 100x | as long as short |
| Hyperliquid ZRO | +0.0313% | 1h | 1.1790 | +0.022% | $37.4M | $5.5M | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0378% | 1h | 1.1773 | −0.122% | $259K | $390K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1770 | −0.148% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1208% | 1h | 1.1763 | −0.205% | $784K | $589K | 10x | 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
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Hyperliquid ZRO
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD