Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%
Price spread now: Lighter against Gate+0.201%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$900.895% of the position
Funding, last 7 days+0.359%+$36 on $10k
+Price spread, last 7 days−0.112%−$11 · spread now +0.201%, 7d avg +0.107%
=Together, before fees+0.247%+ Points / potential airdropLighter: Season 3 · farm board+$25 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 0.094% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.107%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ZRO_USDT | 1.1800 | 0.0100 | pay 0.0050% / 4h | 3h 29m | $1.3M | $1.3M | 75x |
| Short | Lighter ZRO | 1.1824 | 0.0096 | get 0.0012% / 1h | 29m 39s | $4.4M | $1.2M | 5x |
Gate ZRO_USDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Gate. 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: +0.201% → +0.107%
- $9.36
- Slippage, 4 orders
- −$74.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.02
- Costs to cover
- 0.895%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; Lighter: live order book, 8 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 Gate live order book, 3 min ago | 8.47 bp | 36.4 bp −$36 | 89.4 bp −$894 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 8 min ago | 7.87 bp | 15.7 bp −$16 | 96.6 bp −$966 | 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 | −0.0304% | 1h | 1.1781 | −0.164% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1818 | +0.149% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0068% | 4h | 1.1803 | +0.025% | $21K | $4K | 10x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1824 | +0.201% | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1815 | +0.127% | $37.4M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1813 | +0.107% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1805 | +0.046% | $136K | $166K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1805 | +0.043% | $22.2M | $29.2M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1806 | +0.051% | $18.1M | $13.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1806 | +0.051% | $3.2M | $7.8M | 20x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ZRO_USDTlong | +0.0100% | 4h | 1.1800 | long leg | $1.3M | $1.3M | 75x | |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1804 | +0.034% | $19.9M | $2.8M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1809 | +0.076% | $2.4M | $2.2M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1792 | −0.068% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1800 | 0.000% | — | $21.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1796 | −0.033% | $2.3M | $758K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1840 | +0.339% | $40K | $667K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1791 | −0.076% | $100K | $799K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1808 | +0.070% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0145% | 4h | 1.1802 | +0.017% | $1.1M | $200K | 75x | as long as short |
| Nado ZRO-PERP | +0.0168% | 1h | 1.1795 | −0.042% | $1.3M | $128K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0294% / S −0.2341% | 1h | 1.1810 | +0.084% | $3K | — | 100x | as long as short |
| Extended ZRO-USD | +0.0424% | 1h | 1.1801 | +0.009% | $806K | $646K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0514% | 1h | 1.1814 | +0.119% | $95K | $220K | 20x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0555% | 1h | 1.1812 | +0.103% | $269K | $306K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1160% | 1h | 1.1960 | +1.356% | $13K | $258K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Extended ZRO-USD
Backpack ZRO_USDC_PERP
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP