Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.025%
Price spread now: BloFin against Lighter−0.398%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$720.719% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.398%, 7d avg −0.180%
=Together, before fees−0.143%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.219% cheaper against Lighter than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.180%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1972 | 0.0096 | pay 0.0012% / 1h | 56m 21s | $4.5M | $1.2M | 5x |
| Short | BloFin ZRO-USDT | 1.1924 | 0.0046 | get 0.0023% / 4h | 3h 56m | $1.1M | $201K | 75x |
Lighter ZRO
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$10.49
- Price spread: −0.398% → −0.180%
- −$21.87
- Slippage, 4 orders
- −$59.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$104.23
- Costs to cover
- 0.719%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 1 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 | 6.77 bp | 18.2 bp −$18 | 94.6 bp −$946 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 1 min ago | 0.42 bp | 19.5 bp −$20 | 51.2 bp −$512 | 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 | −0.0016% | 1h | 1.1966 | −0.048% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1956 | −0.135% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDTshort | +0.0046% | 4h | 1.1924 | −0.398% | $1.1M | $201K | 75x | |
| Orderly PERP_ZRO_USDC | +0.0080% | 4h | 1.1947 | −0.206% | $21K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1972 | long leg | $4.5M | $1.2M | 5x | |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1957 | −0.119% | $1.4M | $129K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1970 | −0.014% | $37.9M | $5.4M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1949 | −0.189% | $161K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1955 | −0.143% | $141K | $168K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1940 | −0.262% | $22.4M | $29.1M | 75x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1945 | −0.223% | $18.3M | $13.3M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1946 | −0.215% | $3.2M | $7.9M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1956 | −0.131% | $19.7M | $2.6M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1958 | −0.114% | $2.5M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1946 | −0.215% | $2.8M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1934 | −0.315% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1801 | −1.422% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | −1.100% | $40K | $668K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1963 | −0.073% | $101K | $809K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1938 | −0.284% | $21K | — | 3x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0295% / S −0.2341% | 1h | 1.1941 | −0.256% | $3K | — | 100x | as long as short |
| Gate ZRO_USDT | +0.0420% | 4h | 1.1930 | −0.348% | $1.4M | $1.3M | 75x | as long as short |
| Extended ZRO-USD | +0.0472% | 1h | 1.1950 | −0.182% | $815K | $647K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0548% | 1h | 1.1955 | −0.136% | $275K | $311K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0761% | 1h | 1.1940 | −0.265% | $99K | $217K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1860 | −0.933% | $12K | $258K | 12x | as long as short |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Gate ZRO_USDT
Extended ZRO-USD
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP