Funding you earn now, next payment 23:00 UTC−0.0319%/8h= −35.0% APRnext payment −$0.40 per $10,000 · paid last 24h −0.025%
Price spread now: Lighter against GMX+0.008%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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ZRO/USD [ETH-USDC] | 1.1817 | L +0.0295% / S −0.2416% | pay 0.0037% / 1h | 44m 44s | $3K | — | 100x |
| Short | Lighter ZRO | 1.1818 | −0.0024 | pay 0.0003% / 1h | 44m 44s | $4.4M | $1.5M | 5x |
GMX ZRO/USD [ETH-USDC]
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$67.03
- Price spread: +0.008% → 0.000%
- $0.8
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.23
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 3 min ago | 0.04 bp | 2.8 bp −$3 | 79.6 bp −$796 | doesn't fit | doesn't fit |
GMX: 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 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 | −0.0624% | 1h | 1.1801 | −0.132% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0059% | 4h | 1.1808 | −0.077% | $21K | $7K | 10x | as long as short |
| Lighter ZROshort | −0.0024% | 1h | 1.1818 | +0.008% | $4.4M | $1.5M | 5x | |
| Kraken Futures PF_ZROUSD | +0.0059% | 1h | 1.1821 | +0.034% | $250K | $562K | 25x | as long as short |
| BloFin ZRO-USDT | +0.0066% | 4h | 1.1811 | −0.051% | $1.1M | $263K | 75x | as long as short |
| dYdX ZRO-USD | +0.0079% | 1h | 1.1819 | +0.016% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1833 | +0.135% | $37.6M | $6.2M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1825 | +0.071% | $158K | $154K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1817 | +0.003% | $138K | $184K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1819 | +0.017% | $22.2M | $31.9M | 75x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Kraken Futures PF_ZROUSD
BloFin ZRO-USDT
dYdX ZRO-USD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | +0.0100% | 4h | 1.1808 | −0.077% | $18.1M | $14.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1822 | +0.042% | $3.2M | $8.5M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1820 | +0.025% | $1.3M | $1.8M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1813 | −0.034% | $19.1M | $3.1M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1827 | +0.084% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1814 | −0.026% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1817 | 0.000% | — | $10.8M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1814 | −0.026% | $95K | $205K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1779 | −0.323% | $2.3M | $859K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1810 | −0.060% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1815 | −0.017% | $88K | $906K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1806 | −0.097% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0150% | 1h | 1.1814 | −0.025% | $1.3M | $125K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC]long | L +0.0295% / S −0.2416% | 1h | 1.1817 | long leg | $3K | — | 100x | |
| Injective ZRO/USDC PERP | +0.0980% | 1h | 1.1850 | +0.279% | $12K | $218K | 12x | as long as short |
| Extended ZRO-USD | +0.2352% | 1h | 1.1817 | 0.000% | $784K | $541K | 10x | as long as short |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDT
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
Injective ZRO/USDC PERP
Extended ZRO-USD