Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.051%
Price spread now: Lighter against Variational Omni+0.247%7-day average +0.169% · you sell dearer than you buy
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+0.111%+$11 · spread now +0.247%, 7d avg +0.169%
=Together, before fees+0.348%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$35 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 0.078% dearer against Variational Omni than usual: you sell high and buy low, +$8 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 | Variational Omni ZRO | 1.1763 | 0.0100 | pay 0.0050% / 4h | 2h 45m | $2.2M | $878K | — |
| Short | Lighter ZRO | 1.1792 | 0.0096 | get 0.0012% / 1h | 45m 07s | $4.6M | $1.2M | 5x |
Variational Omni ZRO
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Variational Omni. 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: +0.247% → +0.169%
- $7.76
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $6.92
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 3 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 Variational Omni RFQ quote, 4 min ago | 4.47 bp | doesn't fit | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 4.54 bp | 4.6 bp −$5 | 71.1 bp −$711 | 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 | −0.0336% | 1h | 1.1765 | +0.021% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0043% | 4h | 1.1785 | +0.187% | $21K | $7K | 10x | as long as short |
| Bybit ZROUSDT | −0.0042% | 4h | 1.1769 | +0.051% | $18.1M | $16.2M | 50x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1779 | +0.131% | $21K | $2K | 5x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0014% | 4h | 1.1777 | +0.119% | $3.2M | $9.2M | 20x | as long as short |
| BloFin ZRO-USDT | +0.0090% | 4h | 1.1766 | +0.025% | $1.1M | $265K | 75x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1792 | +0.247% | $4.6M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1794 | +0.263% | $37.5M | $7.1M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1789 | +0.219% | $157K | $162K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1774 | +0.094% | $143K | $197K | 5x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Bybit ZROUSDT
dYdX ZRO-USD
OKX ZRO-USDT-SWAP
BloFin ZRO-USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1780 | +0.143% | $22.3M | $34.1M | 75x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1770 | +0.059% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1781 | +0.153% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1777 | +0.119% | $2.6M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1780 | +0.144% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1778 | +0.127% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1791 | +0.238% | $92K | $205K | 20x | as long as short |
| Variational Omni ZROlong | +0.0100% | 4h | 1.1763 | long leg | $2.2M | $878K | — | |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1780 | +0.144% | $37K | $680K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1784 | +0.178% | $86K | $996K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1775 | +0.102% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0199% | 1h | 1.1775 | +0.100% | $1.3M | $131K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1793 | +0.254% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0318% | 1h | 1.1790 | +0.228% | $250K | $576K | 25x | as long as short |
| Extended ZRO-USD | +0.1072% | 1h | 1.1779 | +0.136% | $780K | $560K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1820 | +0.484% | $12K | $145K | 12x | as long as short |
Binance ZROUSDT
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
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP