Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.072%
Price spread now: dYdX against Lighter+0.043%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and dYdX is 0.043% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1827 | 0.0096 | pay 0.0012% / 1h | 32m 16s | $4.4M | $1.5M | 5x |
| Short | dYdX ZRO-USD | 1.1832 | 0.0143 | get 0.0018% / 1h | 32m 16s | $21K | $2K | 5x |
Lighter ZRO
dYdX ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- $9.82
- Price spread: +0.043% → 0.000%
- $4.3
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- $4.11
- Costs to cover
- 0.100%
- Break-even
- 4.1 days
Slippage unknown: Lighter: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.
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, 5 min ago | 7.44 bp | 25.3 bp −$25 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell dYdX no order-book sample | — | — | — | — | — |
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0512% | 1h | 1.1818 | −0.080% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0041% | 4h | 1.1821 | −0.051% | $21K | $7K | 10x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1830 | +0.027% | $251K | $517K | 25x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1827 | long leg | $4.4M | $1.5M | 5x | |
| BloFin ZRO-USDT | +0.0097% | 4h | 1.1835 | +0.068% | $1.1M | $263K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1835 | +0.068% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1832 | +0.042% | $158K | $153K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1825 | −0.014% | $138K | $182K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1818 | −0.079% | $22.2M | $31.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1809 | −0.152% | $18.0M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
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 | 1.1818 | −0.076% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | +0.025% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1819 | −0.068% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1832 | +0.042% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1828 | +0.008% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1819 | −0.068% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1836 | +0.076% | $100K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1815 | −0.100% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.059% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1830 | +0.025% | $88K | $904K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1814 | −0.113% | $21K | — | 3x | as long as short |
| dYdX ZRO-USDshort | +0.0143% | 1h | 1.1832 | +0.043% | $21K | $2K | 5x | |
| Nado ZRO-PERP | +0.0175% | 1h | 1.1815 | −0.098% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1822 | −0.043% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1880 | +0.448% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2504% | 1h | 1.1818 | −0.078% | $784K | $541K | 10x | as long as short |
OKX ZRO-USDT-SWAP
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]
Injective ZRO/USDC PERP
Extended ZRO-USD