Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.034%
Price spread now: MEXC against Lighter+0.017%7-day average −0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$380.380% of the position
Funding, last 7 days−0.365%−$37 on $10k
+Price spread, last 7 days−0.307%−$31 · spread now +0.017%, 7d avg −0.135%
=Together, before fees−0.672%+ Points / potential airdropLighter: Season 3 · farm board−$67 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: MEXC is 0.152% dearer against Lighter than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1721 | 0.0096 | pay 0.0012% / 1h | 36m 30s | $4.4M | $1.2M | 5x |
| Short | MEXC ZRO_USDT | 1.1723 | 0.0100 | get 0.0050% / 4h | 1h 36m | $19.1M | $2.7M | 125x |
Lighter ZRO
MEXC ZRO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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: +0.017% → −0.135%
- $15.18
- Slippage, 4 orders
- −$38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$21.98
- Costs to cover
- 0.380%
- Break-even
- 190.2 days
Slippage from Lighter: live order book, 11 min ago; MEXC: live order book, 2 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, 11 min ago | 9.98 bp | 15.3 bp −$15 | 86.6 bp −$866 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 0.43 bp | 5.3 bp −$5 | 44.0 bp −$440 | 84.8 bp −$8,480 | 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 | −0.0528% | 1h | 1.1710 | −0.090% | $7K | $3K | 5x | as long as short |
| Bybit ZROUSDT | −0.0013% | 4h | 1.1730 | +0.077% | $17.9M | $14.1M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1708 | −0.109% | $21K | $3K | 5x | as long as short |
| Gate ZRO_USDT | +0.0032% | 4h | 1.1710 | −0.094% | $1.3M | $1.5M | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0036% | 4h | 1.1738 | +0.145% | $21K | $5K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1721 | long leg | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1740 | +0.162% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1713 | −0.072% | $158K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1707 | −0.122% | $136K | $175K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1736 | +0.124% | $22.0M | $29.9M | 75x | as long as short |
01 Exchange ZROUSD
Bybit ZROUSDT
dYdX ZRO-USD
Gate ZRO_USDT
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1742 | +0.179% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDTshort | +0.0100% | 4h | 1.1723 | +0.017% | $19.1M | $2.7M | 125x | |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1729 | +0.068% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1714 | −0.060% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1726 | +0.043% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1706 | −0.128% | $95K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1694 | −0.228% | $2.3M | $813K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1680 | −0.350% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1724 | +0.026% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1706 | −0.129% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1700 | −0.179% | $1.1M | $249K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1712 | −0.080% | $257K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0201% | 1h | 1.1711 | −0.086% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1742 | +0.179% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0576% | 1h | 1.1717 | −0.036% | $781K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1730 | +0.077% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP