ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.2245%/8h= +245.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.865%

Price spread now: GMX against Lighter−0.055%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. GMX is 0.055% cheaper against Lighter than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZRO	1.1767	0.0096	pay 0.0012% / 1h	56m 32s	$4.4M	$1.2M	5x
Short	GMX ZRO/USD [ETH-USDC]	1.1760	L +0.0293% / S −0.2341%	get 0.0293% / 1h	56m 32s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.055%Rate

Funding earned: $471.49
Price spread: −0.055% → 0.000%: −$5.48
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $454.01
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Lighter: live order book, 6 min ago; GMX: 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, 6 min ago	8.73 bp	24.5 bp −$24	89.6 bp −$896	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
Bybit ZROUSDT	−0.0337%	4h	1.1742	−0.209%	$18.0M	$13.9M	50x	as long as short
dYdX ZRO-USD	0.0000%	1h	1.1754	−0.110%	$21K	$4K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0046%	4h	1.1748	−0.158%	$21K	$5K	10x	as long as short
Lighter ZROlong	+0.0096%	1h	1.1767	long leg	$4.4M	$1.2M	5x
Aster ZROUSDT	+0.0100%	4h	1.1756	−0.087%	$159K	$151K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1744	−0.192%	$136K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1759	−0.061%	$22.1M	$29.9M	75x	as long as short
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1749	−0.150%	$3.2M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1740	−0.226%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1747	−0.167%	$19.2M	$2.7M	125x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ZROUSDTM	+0.0100%	4h	1.1756	−0.090%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1754	−0.107%	$2.7M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1757	−0.082%	—	$16.4M	—	as long as short
Backpack ZRO_USDC_PERP	+0.0100%	1h	1.1748	−0.158%	$101K	$219K	20x	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1773	+0.054%	$2.3M	$810K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1770	+0.029%	$39K	$675K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1754	−0.107%	$100K	$851K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1744	−0.194%	$21K	—	3x	as long as short
BloFin ZRO-USDT	+0.0107%	4h	1.1770	+0.029%	$1.1M	$250K	75x	as long as short
01 Exchange ZROUSD	+0.0240%	1h	1.1753	−0.114%	$7K	$3K	5x	as long as short
Nado ZRO-PERP	+0.0254%	1h	1.1742	−0.208%	$1.3M	$124K	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0293% / S −0.2341%	1h	1.1760	−0.055%	$3K	—	100x
Hyperliquid ZRO	+0.0407%	1h	1.1764	−0.022%	$37.3M	$5.5M	5x	as long as short
Kraken Futures PF_ZROUSD	+0.0461%	1h	1.1758	−0.077%	$258K	$388K	25x	as long as short
Extended ZRO-USD	+0.0984%	1h	1.1741	−0.215%	$784K	$589K	10x	as long as short
Injective ZRO/USDC PERP	+0.1363%	1h	1.1810	+0.369%	$12K	$261K	12x	as long as short