Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.050%
Price spread now: Gate against Lighter+0.016%7-day average −0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$870.875% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days−0.305%−$30 · spread now +0.016%, 7d avg −0.115%
=Together, before fees−0.664%+ Points / potential airdropLighter: Season 3 · farm board−$66 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: Gate is 0.131% dearer against Lighter than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1768 | 0.0096 | pay 0.0012% / 1h | 48m 27s | $4.6M | $1.2M | 5x |
| Short | Gate ZRO_USDT | 1.1770 | 0.0100 | get 0.0050% / 4h | 2h 48m | $1.3M | $2.0M | 75x |
Lighter ZRO
Gate ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.016% → −0.115%
- $13.09
- Slippage, 4 orders
- −$72.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$73.55
- Costs to cover
- 0.875%
- Break-even
- 619.9 days
Slippage from Lighter: live order book, 4 min ago; Gate: live order book, 4 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 | 5.87 bp | 18.7 bp −$19 | 90.4 bp −$904 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 4.26 bp | 23.3 bp −$23 | 58.3 bp −$583 | 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 | −0.0288% | 1h | 1.1749 | −0.160% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0056% | 4h | 1.1774 | +0.050% | $18.1M | $16.3M | 50x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0040% | 4h | 1.1785 | +0.144% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1761 | −0.065% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0005% | 4h | 1.1781 | +0.110% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0062% | 4h | 1.1752 | −0.137% | $1.1M | $264K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1768 | long leg | $4.6M | $1.2M | 5x | |
| Variational Omni ZRO | +0.0100% | 4h | 1.1715 | −0.451% | $2.2M | $893K | — | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1778 | +0.084% | $37.4M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1766 | −0.021% | $157K | $162K | 10x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Variational Omni ZRO
Hyperliquid ZRO
Aster ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ZRO | +0.0100% | 1h | 1.1758 | −0.086% | $143K | $197K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1780 | +0.101% | $22.3M | $34.3M | 75x | as long as short |
| Gate ZRO_USDTshort | +0.0100% | 4h | 1.1770 | +0.016% | $1.3M | $2.0M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1778 | +0.084% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1757 | −0.094% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1776 | +0.067% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1782 | +0.118% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1759 | −0.077% | $92K | $208K | 20x | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | −0.324% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1777 | +0.076% | $86K | $998K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1790 | +0.185% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0208% | 1h | 1.1752 | −0.139% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1794 | +0.219% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0319% | 1h | 1.1769 | +0.008% | $249K | $575K | 25x | as long as short |
| Extended ZRO-USD | +0.0888% | 1h | 1.1781 | +0.112% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1790 | +0.186% | $12K | $145K | 12x | as long as short |
Pacifica ZRO
Binance ZROUSDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
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