Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.034%
Price spread now: Lighter against BingX+0.168%7-day average +0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$800.804% of the position
Funding, last 7 days+0.336%+$34 on $10k
+Price spread, last 7 days+0.099%+$10 · spread now +0.168%, 7d avg +0.140%
=Together, before fees+0.435%+ Points / potential airdropLighter: Season 3 · farm board+$43 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 0.028% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.140%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ZRO-USDT | 1.1676 | 0.0100 | pay 0.0050% / 4h | 1h 08m | — | $16.4M | — |
| Short | Lighter ZRO | 1.1696 | 0.0096 | get 0.0012% / 1h | 8m 18s | $4.4M | $1.2M | 5x |
BingX ZRO-USDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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: +0.168% → +0.140%
- $2.75
- Slippage, 4 orders
- −$70.38
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.47
- Costs to cover
- 0.804%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Lighter: live order book, 4 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 BingX live order book, 10 min ago | 2.55 bp | 10.2 bp −$10 | 14.1 bp −$141 | 23.3 bp −$2,327 | 51.4 bp −$25.7K |
| Sell Lighter live order book, 4 min ago | 8.78 bp | 43.3 bp −$43 | 102.2 bp −$1,022 | 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 | −0.0240% | 1h | 1.1679 | +0.028% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0037% | 4h | 1.1676 | 0.000% | $20K | $5K | 10x | as long as short |
| dYdX ZRO-USD | +0.0046% | 1h | 1.1685 | +0.081% | $21K | $3K | 5x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1696 | +0.168% | $4.4M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1684 | +0.069% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1683 | +0.061% | $136K | $177K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1674 | −0.016% | $21.8M | $29.8M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1666 | −0.086% | $17.8M | $14.0M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1673 | −0.026% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1660 | −0.137% | $1.3M | $1.5M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
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 | 1.1674 | −0.017% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1676 | 0.000% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1664 | −0.103% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDTlong | +0.0100% | 4h | 1.1676 | long leg | — | $16.4M | — | |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1687 | +0.094% | $96K | $195K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1699 | +0.195% | $2.3M | $810K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1730 | +0.462% | $39K | $673K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1681 | +0.043% | $98K | $846K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1678 | +0.015% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0120% | 4h | 1.1678 | +0.017% | $1.1M | $248K | 75x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0198% | 1h | 1.1685 | +0.075% | $257K | $407K | 25x | as long as short |
| Nado ZRO-PERP | +0.0216% | 1h | 1.1673 | −0.029% | $1.3M | $124K | 5x | as long as short |
| Hyperliquid ZRO | +0.0263% | 1h | 1.1694 | +0.154% | $37.0M | $5.4M | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1676 | +0.001% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0856% | 1h | 1.1671 | −0.042% | $780K | $591K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1102% | 1h | 1.1750 | +0.634% | $12K | $260K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Kraken Futures PF_ZROUSD
Nado ZRO-PERP
Hyperliquid ZRO
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Injective ZRO/USDC PERP