Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.035%
Price spread now: Polymarket Perps against Lighter−0.022%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$940.936% of the position
Funding, last 7 days−0.455%−$46 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.022%, 7d avg −0.104%
=Together, before fees−0.363%+ Points / potential airdropLighter: Season 3 · farm board−$36 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: Polymarket Perps is 0.082% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1595 | 0.0096 | pay 0.0012% / 1h | 48m 10s | $4.3M | $1.2M | 5x |
| Short | Polymarket Perps ZRO-USD | 1.1592 | 0.0100 | get 0.0013% / 1h | 48m 10s | $98K | $844K | 5x |
Lighter ZRO
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.022% → −0.104%
- $8.15
- Slippage, 4 orders
- −$85.57
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$84.58
- Costs to cover
- 0.936%
- Break-even
- 711.8 days
Slippage from Lighter: live order book, 4 min ago; Polymarket Perps: live order book, 35 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 | 11.42 bp | 30.4 bp −$30 | 87.9 bp −$879 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 35 min ago | 3.83 bp | 8.0 bp −$8 | 10.5 bp −$105 | 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 | −0.0072% | 1h | 1.1594 | −0.003% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | +0.0004% | 1h | 1.1594 | −0.002% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1582 | −0.109% | $20K | $5K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0067% | 1h | 1.1575 | −0.169% | $97K | $196K | 20x | as long as short |
| BloFin ZRO-USDT | +0.0071% | 4h | 1.1570 | −0.212% | $1.1M | $246K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1595 | long leg | $4.3M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1595 | +0.004% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1586 | −0.074% | $134K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1575 | −0.172% | $21.6M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1561 | −0.290% | $17.6M | $13.9M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Backpack ZRO_USDC_PERP
BloFin ZRO-USDT
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 | 1.1563 | −0.273% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1570 | −0.212% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1572 | −0.195% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1583 | −0.100% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1550 | −0.385% | $2.6M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1566 | −0.247% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1590 | −0.040% | $2.2M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1610 | +0.133% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1592 | −0.022% | $98K | $844K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1558 | −0.314% | $20K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0221% | 1h | 1.1586 | −0.076% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1583 | −0.101% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0384% | 1h | 1.1587 | −0.070% | $255K | $404K | 25x | as long as short |
| Hyperliquid ZRO | +0.0473% | 1h | 1.1582 | −0.109% | $36.7M | $5.4M | 5x | as long as short |
| Extended ZRO-USD | +0.1096% | 1h | 1.1574 | −0.181% | $776K | $590K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1186% | 1h | 1.1660 | +0.564% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP