Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.074%
Price spread now: Lighter against OKX+0.063%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$680.683% of the position
Funding, last 7 days+0.422%+$42 on $10k
+Price spread, last 7 days+0.167%+$17 · spread now +0.063%, 7d avg +0.124%
=Together, before fees+0.589%+ Points / potential airdropLighter: Season 3 · farm board+$59 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: Lighter is 0.060% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ZRO-USDT-SWAP | 1.1813 | 0.0100 | pay 0.0050% / 4h | 3h 54m | $3.2M | $8.0M | 20x |
| Short | Lighter ZRO | 1.1821 | 0.0096 | get 0.0012% / 1h | 54m 57s | $4.4M | $1.2M | 5x |
OKX ZRO-USDT-SWAP
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against OKX. 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: +0.063% → +0.124%
- −$6.04
- Slippage, 4 orders
- −$58.27
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$75.15
- Costs to cover
- 0.683%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 3 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 OKX live order book, 3 min ago | 2.12 bp | 16.3 bp −$16 | 92.1 bp −$921 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 11.76 bp | 23.6 bp −$24 | 95.7 bp −$957 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | 0.0000% | 1h | 1.1782 | −0.258% | $21K | $4K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0045% | 4h | 1.1808 | −0.042% | $1.1M | $251K | 75x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0047% | 4h | 1.1800 | −0.110% | $21K | $5K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1821 | +0.063% | $4.4M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1796 | −0.140% | $159K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1781 | −0.271% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1804 | −0.076% | $22.1M | $29.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1799 | −0.119% | $18.0M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAPlong | +0.0100% | 4h | 1.1813 | long leg | $3.2M | $8.0M | 20x | |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | −0.110% | $1.4M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
BloFin ZRO-USDT
Orderly PERP_ZRO_USDC
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1803 | −0.085% | $19.3M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1800 | −0.110% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1801 | −0.102% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1798 | −0.127% | — | $16.4M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1812 | −0.008% | $101K | $219K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1756 | −0.483% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.364% | $39K | $674K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1804 | −0.076% | $100K | $851K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1795 | −0.152% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0216% | 1h | 1.1789 | −0.201% | $1.3M | $124K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0232% | 1h | 1.1804 | −0.074% | $7K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1801 | −0.104% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0459% | 1h | 1.1802 | −0.090% | $259K | $388K | 25x | as long as short |
| Hyperliquid ZRO | +0.0499% | 1h | 1.1829 | +0.135% | $37.5M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.0992% | 1h | 1.1796 | −0.144% | $788K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1830 | +0.144% | $12K | $261K | 12x | as long as short |
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
Nado ZRO-PERP
01 Exchange ZROUSD
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP