Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.069%
Price spread now: OKX against Lighter−0.197%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.422%−$42 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.197%, 7d avg −0.123%
=Together, before fees−0.466%+ Points / potential airdropLighter: Season 3 · farm board−$47 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: OKX is 0.073% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.123%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1635 | 0.0096 | pay 0.0012% / 1h | 36m 34s | $4.3M | $1.2M | 5x |
| Short | OKX ZRO-USDT-SWAP | 1.1612 | 0.0100 | get 0.0050% / 4h | 2h 36m | $3.2M | $7.7M | 20x |
Lighter ZRO
OKX ZRO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.197% → −0.123%
- −$7.35
- Slippage, 4 orders
- −$50.88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$67.39
- Costs to cover
- 0.609%
- Break-even
- 568.6 days
Slippage from Lighter: live order book, 6 min ago; OKX: live order book, 1 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 | 7.62 bp | 7.7 bp −$8 | 90.7 bp −$907 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 2.16 bp | 18.7 bp −$19 | 80.0 bp −$800 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack ZRO_USDC_PERP | −0.0074% | 1h | 1.1609 | −0.223% | $93K | $218K | 20x | as long as short |
| dYdX ZRO-USD | +0.0012% | 1h | 1.1609 | −0.225% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1598 | −0.317% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1635 | long leg | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1615 | −0.171% | $36.8M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1610 | −0.218% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1615 | −0.167% | $137K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1610 | −0.218% | $21.7M | $29.5M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1608 | −0.231% | $17.8M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAPshort | +0.0100% | 4h | 1.1612 | −0.197% | $3.2M | $7.7M | 20x |
Backpack ZRO_USDC_PERP
dYdX ZRO-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1600 | −0.300% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1614 | −0.180% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1602 | −0.283% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1608 | −0.231% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1606 | −0.248% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1575 | −0.513% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1550 | −0.730% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1619 | −0.137% | $102K | $817K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1595 | −0.343% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1576 | −0.506% | $1.0M | $247K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0168% | 1h | 1.1619 | −0.137% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0172% | 1h | 1.1615 | −0.172% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1600 | −0.302% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0708% | 1h | 1.1610 | −0.211% | $253K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0976% | 1h | 1.1612 | −0.197% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1620 | −0.128% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP