Funding you earn now, next payment 07:00 UTC+0.0419%/8h= +45.9% APRnext payment +$0.52 per $10,000 · paid last 24h −0.084%
Price spread now: Kraken Futures against Lighter−0.058%7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1151.153% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.058%, 7d avg −0.080%
=Together, before fees−0.326%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against Lighter than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1676 | 0.0096 | pay 0.0012% / 1h | 32m 22s | $4.3M | $1.2M | 5x |
| Short | Kraken Futures PF_ZROUSD | 1.1669 | 0.0515 | get 0.0064% / 1h | 32m 22s | $253K | $298K | 25x |
Lighter ZRO
Kraken Futures PF_ZROUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $88.07
- Price spread: −0.058% → −0.080%
- $2.19
- Slippage, 4 orders
- −$105.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$25.07
- Costs to cover
- 1.153%
- Break-even
- 9.0 days
Slippage from Lighter: live order book, 5 min ago; Kraken Futures: live order book, 10 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, 5 min ago | 9.88 bp | 10.2 bp −$10 | 84.6 bp −$846 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 10 min ago | 31.62 bp | 44.6 bp −$45 | 147.7 bp −$1,477 | 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 | 0.0000% | 1h | 1.1650 | −0.215% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | +0.0045% | 1h | 1.1660 | −0.131% | $21K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0069% | 4h | 1.1648 | −0.236% | $1.0M | $201K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0091% | 4h | 1.1647 | −0.244% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1676 | long leg | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1655 | −0.176% | $36.9M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1659 | −0.138% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1656 | −0.164% | $137K | $172K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1644 | −0.266% | $21.8M | $29.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1646 | −0.253% | $17.8M | $13.4M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
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 | 1.1646 | −0.253% | $3.2M | $7.7M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1650 | −0.218% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1645 | −0.261% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1648 | −0.236% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1654 | −0.184% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1648 | −0.236% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1666 | −0.081% | $95K | $220K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1635 | −0.347% | $2.3M | $800K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.047% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1652 | −0.201% | $99K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1643 | −0.278% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0273% | 1h | 1.1651 | −0.207% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1647 | −0.248% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSDshort | +0.0515% | 1h | 1.1669 | −0.058% | $253K | $298K | 25x | |
| Extended ZRO-USD | +0.0656% | 1h | 1.1640 | −0.308% | $799K | $626K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1700 | +0.210% | $12K | $261K | 12x | 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]
Extended ZRO-USD
Injective ZRO/USDC PERP