Funding you earn now, next payment 21:00 UTC+0.0828%/8h= +90.7% APRnext payment +$1.04 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter against ApeX Omni+0.634%7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 3 days (all we have)−0.781%−$78 · spread now +0.634%, 7d avg +0.155%
=Together, before fees−0.449%+ Points / potential airdropLighter: Season 3 · farm board−$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Lighter is 0.479% dearer against ApeX Omni than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.155%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.332% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ZROUSDT | 1.1800 | 0.0100 | pay 0.0013% / 1h | 31m 12s | $37K | $682K | 50x |
| Short | Lighter ZRO | 1.1875 | 0.0928 | get 0.0116% / 1h | 31m 12s | $4.8M | $1.1M | 5x |
ApeX Omni ZROUSDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX 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
- $173.88
- Price spread: +0.634% → +0.155%
- $47.93
- Slippage, 4 orders
- −$59.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $152
- Costs to cover
- 0.698%
- Break-even
- 0.9 days
Slippage from ApeX Omni: live order book, 17 min ago; Lighter: live order book, 7 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 ApeX Omni live order book, 17 min ago | 12.81 bp | 22.5 bp −$23 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 5.44 bp | 6.9 bp −$7 | 74.3 bp −$743 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0186% | 4h | 1.1846 | +0.390% | $3.3M | $9.5M | 20x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0083% | 1h | 1.1852 | +0.437% | $248K | $579K | 25x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0031% | 4h | 1.1846 | +0.390% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0034% | 1h | 1.1851 | +0.432% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0050% | 4h | 1.1837 | +0.314% | $1.1M | $267K | 75x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1861 | +0.517% | $37.7M | $7.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1862 | +0.526% | $159K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1841 | +0.349% | $144K | $210K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1842 | +0.359% | $22.4M | $35.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1832 | +0.271% | $18.2M | $16.8M | 50x | as long as short |
OKX ZRO-USDT-SWAP
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Hyperliquid ZRO
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDT | +0.0100% | 4h | 1.1840 | +0.339% | $1.3M | $2.1M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1843 | +0.364% | $18.4M | $3.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1847 | +0.398% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1838 | +0.322% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1844 | +0.373% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1850 | +0.424% | $91K | $211K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1785 | −0.126% | $2.2M | $897K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1800 | long leg | $37K | $682K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1851 | +0.432% | $83K | $1.0M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1838 | +0.324% | $784K | $561K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1862 | +0.529% | $21K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0176% | 1h | 1.1851 | +0.429% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0232% | 1h | 1.1836 | +0.302% | $1.3M | $134K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1845 | +0.381% | $3K | — | 100x | as long as short |
| Lighter ZROshort | +0.0928% | 1h | 1.1875 | +0.634% | $4.8M | $1.1M | 5x | |
| Injective ZRO/USDC PERP | +0.1022% | 1h | 1.1890 | +0.763% | $12K | $121K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Extended ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP