Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.051%
Price spread now: Variational Omni against Lighter−0.383%7-day average −0.169% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.236%−$24 on $10k
+Price spread, last 7 days+0.024%+$2 · spread now −0.383%, 7d avg −0.169%
=Together, before fees−0.212%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$21 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: Variational Omni is 0.213% cheaper against Lighter than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.169%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1842 | 0.0096 | pay 0.0012% / 1h | 34m 49s | $4.6M | $1.2M | 5x |
| Short | Variational Omni ZRO | 1.1797 | 0.0100 | get 0.0050% / 4h | 2h 34m | $2.3M | $864K | — |
Lighter ZRO
Variational Omni ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: −0.383% → −0.169%
- −$21.34
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$20.5
- Costs to cover
- 0.000%
- Break-even
- 177.8 days
Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 3 min ago | 10.60 bp | 34.2 bp −$34 | 95.2 bp −$952 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 4.03 bp | doesn't fit | 48.7 bp −$487 | 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 | −0.0400% | 1h | 1.1825 | −0.146% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0056% | 4h | 1.1838 | −0.033% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1826 | −0.134% | $21K | $2K | 5x | as long as short |
| Bybit ZROUSDT | +0.0039% | 4h | 1.1827 | −0.126% | $18.1M | $15.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0043% | 4h | 1.1835 | −0.058% | $3.2M | $9.1M | 20x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1842 | long leg | $4.6M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1849 | +0.060% | $37.6M | $6.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1845 | +0.027% | $158K | $161K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1825 | −0.146% | $144K | $195K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1835 | −0.058% | $22.4M | $33.9M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Bybit ZROUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1830 | −0.100% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1836 | −0.050% | $19.1M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1834 | −0.067% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1835 | −0.058% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1830 | −0.100% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1849 | +0.060% | $93K | $204K | 20x | as long as short |
| Variational Omni ZROshort | +0.0100% | 4h | 1.1797 | −0.383% | $2.3M | $864K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1830 | −0.100% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1842 | +0.001% | $87K | $990K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1831 | −0.088% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0125% | 4h | 1.1837 | −0.041% | $1.1M | $266K | 75x | as long as short |
| Nado ZRO-PERP | +0.0158% | 1h | 1.1829 | −0.106% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1850 | +0.070% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0316% | 1h | 1.1849 | +0.057% | $251K | $577K | 25x | as long as short |
| Extended ZRO-USD | +0.0704% | 1h | 1.1834 | −0.071% | $784K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1880 | +0.322% | $12K | $145K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP