Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%
Price spread now: Bitget against Lighter−0.243%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.336%−$34 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.243%, 7d avg −0.152%
=Together, before fees−0.321%+ Points / potential airdropLighter: Season 3 · farm board−$32 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: Bitget is 0.092% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.152%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1594 | 0.0096 | pay 0.0012% / 1h | 31m 41s | $4.3M | $1.2M | 5x |
| Short | Bitget ZROUSDT | 1.1566 | 0.0100 | get 0.0050% / 4h | 2h 31m | $2.6M | $2.5M | 75x |
Lighter ZRO
Bitget ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: −0.243% → −0.152%
- −$9.16
- Slippage, 4 orders
- −$57.98
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$78.3
- Costs to cover
- 0.700%
- Break-even
- 659.5 days
Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 6 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 Lighter live order book, 6 min ago | 6.84 bp | 13.0 bp −$13 | 83.1 bp −$831 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 6 min ago | 2.15 bp | 22.3 bp −$22 | 47.2 bp −$472 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ZRO-USD | +0.0010% | 1h | 1.1567 | −0.238% | $21K | $5K | 5x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0061% | 1h | 1.1575 | −0.166% | $93K | $218K | 20x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0063% | 4h | 1.1574 | −0.174% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1594 | long leg | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1574 | −0.174% | $36.7M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1575 | −0.167% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1569 | −0.217% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1569 | −0.217% | $21.6M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1565 | −0.252% | $17.7M | $13.6M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1569 | −0.217% | $3.1M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Backpack ZRO_USDC_PERP
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_USDT | +0.0100% | 4h | 1.1560 | −0.295% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1572 | −0.191% | $19.0M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1566 | −0.243% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1566 | −0.243% | $2.6M | $2.5M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1581 | −0.114% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1599 | +0.039% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1650 | +0.481% | $39K | $678K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1591 | −0.028% | $101K | $816K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1590 | −0.036% | $20K | — | 3x | as long as short |
| 01 Exchange ZROUSD | +0.0136% | 1h | 1.1590 | −0.035% | $4K | $5K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0146% | 4h | 1.1567 | −0.235% | $1.0M | $247K | 75x | as long as short |
| Nado ZRO-PERP | +0.0185% | 1h | 1.1578 | −0.138% | $1.3M | $127K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1581 | −0.113% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0710% | 1h | 1.1579 | −0.130% | $253K | $336K | 25x | as long as short |
| Extended ZRO-USD | +0.0904% | 1h | 1.1564 | −0.259% | $795K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1670 | +0.654% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
01 Exchange ZROUSD
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP