Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.050%
Price spread now: Bybit against Lighter−0.141%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$650.645% of the position
Funding, last 7 days−0.350%−$35 on $10k
+Price spread, last 7 days−0.185%−$18 · spread now −0.141%, 7d avg −0.163%
=Together, before fees−0.535%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.022% dearer against Lighter than usual: you sell high and buy low (spread −0.141% now, against its 7-day average of −0.163%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1810 | 0.0096 | pay 0.0012% / 1h | 43m 36s | $4.6M | $1.2M | 5x |
| Short | Bybit ZROUSDT | 1.1793 | 0 | get 0.0000% / 4h | 2h 43m | $18.1M | $16.2M | 50x |
Lighter ZRO
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$20.16
- Price spread: −0.141% → −0.163%
- $2.23
- Slippage, 4 orders
- −$53.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.44
- Costs to cover
- 0.645%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago | 4.54 bp | 22.4 bp −$22 | 93.7 bp −$937 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.55 bp | 19.0 bp −$19 | 54.2 bp −$542 | 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 | −0.0360% | 1h | 1.1803 | −0.058% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0045% | 4h | 1.1789 | −0.174% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1806 | −0.030% | $21K | $2K | 5x | as long as short |
| Bybit ZROUSDTshort | 0.0000% | 4h | 1.1793 | −0.141% | $18.1M | $16.2M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0015% | 4h | 1.1803 | −0.056% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0090% | 4h | 1.1766 | −0.369% | $1.1M | $265K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1810 | long leg | $4.6M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1815 | +0.046% | $37.5M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1806 | −0.031% | $158K | $162K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1799 | −0.090% | $144K | $197K | 5x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1801 | −0.073% | $22.3M | $34.1M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1790 | −0.166% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1799 | −0.090% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1792 | −0.149% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1802 | −0.064% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1798 | −0.098% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1800 | −0.081% | $92K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1763 | −0.394% | $2.2M | $878K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1790 | −0.166% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1807 | −0.022% | $87K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1785 | −0.208% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0177% | 1h | 1.1798 | −0.100% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1801 | −0.070% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1801 | −0.073% | $250K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.1032% | 1h | 1.1803 | −0.054% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1820 | +0.088% | $12K | $145K | 12x | as long as short |
Binance ZROUSDT
Gate ZRO_USDT
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP