Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%
Price spread now: KuCoin against Lighter−0.062%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$199as in the Price arb table
costs, in and out, $10k−$2052.048% of the position
Funding, last 7 days−0.345%−$34 on $10k
+Price spread, last 7 days−0.045%−$5 · spread now −0.062%, 7d avg −0.121%
=Together, before fees−0.390%+ Points / potential airdropLighter: Season 3 · farm board−$39 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: KuCoin is 0.059% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.2023 | 0.0096 | pay 0.0012% / 1h | 1m 37s | $4.5M | $1.2M | 5x |
| Short | KuCoin ZROUSDTM | 1.2015 | 0.0100 | get 0.0050% / 4h | 3h 01m | $2.5M | $2.2M | 50x |
Lighter ZRO
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.062% → −0.121%
- $5.9
- Slippage, 4 orders
- −$192.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$198.07
- Costs to cover
- 2.048%
- Break-even
- 1657.6 days
Slippage from Lighter: live order book, 6 min ago; KuCoin: 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, 6 min ago | 4.95 bp | 37.9 bp −$38 | 92.7 bp −$927 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 7.08 bp | 84.9 bp −$85 | 175.6 bp −$1,756 | 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 | −0.0272% | 1h | 1.1952 | −0.590% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1991 | −0.258% | $22K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0049% | 4h | 1.1966 | −0.470% | $21K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1979 | −0.362% | $1.1M | $152K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.2023 | long leg | $4.5M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1987 | −0.295% | $38.0M | $5.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.2013 | −0.079% | $162K | $147K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.2014 | −0.069% | $139K | $161K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.2015 | −0.062% | $22.6M | $28.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1997 | −0.212% | $18.4M | $12.7M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
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 | 1.2010 | −0.104% | $3.3M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.2000 | −0.187% | $1.4M | $1.3M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.2016 | −0.054% | $9.6M | $2.9M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.2015 | −0.062% | $2.5M | $2.2M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.2011 | −0.096% | $2.8M | $2.3M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.2010 | −0.104% | — | $21.6M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1986 | −0.303% | $2.3M | $739K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.2000 | −0.187% | $40K | $670K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1982 | −0.337% | $102K | $789K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1955 | −0.561% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0126% | 1h | 1.1972 | −0.419% | $1.4M | $119K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1972 | −0.424% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0304% | 1h | 1.2002 | −0.173% | $818K | $646K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0503% | 1h | 1.1970 | −0.437% | $96K | $217K | 20x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0548% | 1h | 1.1966 | −0.473% | $272K | $290K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.2040 | +0.146% | $13K | $258K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP