Funding you earn now, next payment 23:00 UTC−0.0121%/8h= −13.3% APRpaid last 24h −0.083%
Price spread now: Orderly against Lighter−0.044%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.044% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1849 | 0.0096 | pay 0.0012% / 1h | 10m 28s | $4.4M | $1.5M | 5x |
| Short | Orderly PERP_ZRO_USDC | 1.1844 | −0.0025 | pay 0.0013% / 4h | 1h 10m | $21K | $7K | 10x |
Lighter ZRO
Orderly PERP_ZRO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$25.5
- Price spread: −0.044% → 0.000%
- −$4.39
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$35.89
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.
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, 7 min ago | 7.45 bp | 16.5 bp −$16 | 87.1 bp −$871 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0456% | 1h | 1.1843 | −0.049% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDCshort | −0.0025% | 4h | 1.1844 | −0.044% | $21K | $7K | 10x | |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1857 | +0.067% | $254K | $512K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0067% | 4h | 1.1834 | −0.128% | $1.1M | $263K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1849 | long leg | $4.4M | $1.5M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1860 | +0.091% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1853 | +0.034% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1848 | −0.006% | $138K | $183K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1845 | −0.035% | $22.2M | $31.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1835 | −0.120% | $18.1M | $14.8M | 50x | as long as short |
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
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 | 1.1844 | −0.044% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | −0.078% | $1.4M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1841 | −0.069% | $19.2M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1834 | −0.128% | $2.5M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1841 | −0.069% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1842 | −0.061% | — | $10.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1853 | +0.032% | $101K | $208K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1793 | −0.474% | $2.3M | $868K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.007% | $37K | $685K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1850 | +0.007% | $89K | $865K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1848 | −0.007% | $21K | — | 3x | as long as short |
| dYdX ZRO-USD | +0.0165% | 1h | 1.1850 | +0.008% | $21K | $2K | 5x | as long as short |
| Nado ZRO-PERP | +0.0192% | 1h | 1.1841 | −0.070% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1850 | +0.011% | $3K | — | 100x | as long as short |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1880 | +0.260% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.2424% | 1h | 1.1839 | −0.082% | $784K | $560K | 10x | 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
dYdX ZRO-USD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP
Extended ZRO-USD