Funding you earn now, next payment 22:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.031%
Price spread now: Nado against Lighter−0.084%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 3 days (all we have)−0.174%−$17 on $10k
+Price spread, last 7 days+0.085%+$8 · spread now −0.084%, 7d avg −0.134%
=Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.050% dearer against Lighter than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.134%. Mind the row above: over the last 3 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1858 | 0.0096 | pay 0.0012% / 1h | 23m 16s | $4.6M | $1.3M | 5x |
| Short | Nado ZRO-PERP | 1.1848 | 0.0157 | get 0.0020% / 1h | 23m 16s | $1.3M | $131K | 5x |
Lighter ZRO
Nado ZRO-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado 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
- $12.9
- Price spread: −0.084% → −0.134%
- $4.97
- Slippage, 4 orders
- −$49.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.7
- Costs to cover
- 0.566%
- Break-even
- 28.0 days
Slippage from Lighter: live order book, 4 min ago; Nado: 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, 4 min ago | 13.23 bp | 19.4 bp −$19 | 80.6 bp −$806 | doesn't fit | doesn't fit |
| Sell Nado live order book, 5 min ago | 2.54 bp | 11.2 bp −$11 | 28.7 bp −$287 | 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 | −0.0416% | 1h | 1.1848 | −0.081% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1858 | +0.004% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0015% | 1h | 1.1860 | +0.025% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0043% | 4h | 1.1852 | −0.046% | $1.1M | $266K | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0083% | 4h | 1.1848 | −0.080% | $3.2M | $9.0M | 20x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1858 | long leg | $4.6M | $1.3M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1863 | +0.046% | $37.7M | $6.7M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1859 | +0.013% | $158K | $160K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1852 | −0.044% | $144K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1854 | −0.030% | $22.4M | $33.3M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
OKX ZRO-USDT-SWAP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1841 | −0.139% | $18.2M | $15.7M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1850 | −0.063% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1849 | −0.072% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1865 | +0.063% | $3.0M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1851 | −0.055% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1846 | −0.097% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1856 | −0.013% | $93K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1827 | −0.256% | $2.3M | $862K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1820 | −0.316% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1858 | +0.004% | $87K | $922K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1855 | −0.019% | $21K | — | 3x | as long as short |
| Nado ZRO-PERPshort | +0.0157% | 1h | 1.1848 | −0.084% | $1.3M | $131K | 5x | |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1853 | −0.035% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1871 | +0.111% | $251K | $572K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1900 | +0.358% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.1432% | 1h | 1.1846 | −0.097% | $784K | $555K | 10x | as long as short |
Bybit ZROUSDT
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
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD