Funding you earn now, next payment 02:00 UTC+0.0336%/8h= +36.8% APRnext payment +$0.42 per $10,000 · paid last 24h +0.108%
Price spread now: Lighter against 01 Exchange+0.022%7-day average — · 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)—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 for this trade now. Funding pays +$10 a day on $10k at the current rate, and Lighter is 0.022% dearer against 01 Exchange than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | 01 Exchange ZROUSD | 1.1769 | −0.0240 | get 0.0030% / 1h | 27m 04s | $7K | $3K | 5x |
| Short | Lighter ZRO | 1.1772 | 0.0096 | get 0.0012% / 1h | 27m 04s | $4.4M | $1.2M | 5x |
01 Exchange ZROUSD
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against 01 Exchange. 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
- $70.56
- Price spread: +0.022% → 0.000%
- $2.21
- Slippage, 4 orders
- no order book: not counted
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $65.77
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: 01 Exchange: no order-book sample; Lighter: live order book, 5 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 01 Exchange no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 9.10 bp | 9.7 bp −$10 | 96.1 bp −$961 | doesn't fit | doesn't fit |
01 Exchange: 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 25 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 ZROUSDlong | −0.0240% | 1h | 1.1769 | long leg | $7K | $3K | 5x | |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1765 | −0.030% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0028% | 4h | 1.1759 | −0.085% | $21K | $5K | 10x | as long as short |
| Gate ZRO_USDT | +0.0028% | 4h | 1.1750 | −0.161% | $1.3M | $1.5M | 75x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1772 | +0.022% | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1762 | −0.059% | $37.2M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1771 | +0.017% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1761 | −0.067% | $136K | $167K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1753 | −0.139% | $22.0M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1754 | −0.127% | $18.0M | $14.0M | 50x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Gate ZRO_USDT
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1740 | −0.246% | $3.2M | $8.0M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1754 | −0.127% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1761 | −0.068% | $2.3M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1767 | −0.017% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1755 | −0.119% | — | $16.5M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1756 | −0.110% | $96K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1716 | −0.449% | $2.3M | $827K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1740 | −0.246% | $39K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1778 | +0.076% | $92K | $841K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1746 | −0.195% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0195% | 1h | 1.1774 | +0.045% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1771 | +0.016% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0370% | 1h | 1.1768 | −0.007% | $252K | $407K | 25x | as long as short |
| Extended ZRO-USD | +0.0848% | 1h | 1.1753 | −0.134% | $788K | $592K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1213% | 1h | 1.1780 | +0.093% | $12K | $260K | 12x | as long as short |
OKX ZRO-USDT-SWAP
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
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP