Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.042%
Price spread now: Bitget against Lighter+0.005%7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.337%−$34 on $10k
+Price spread, last 7 days−0.224%−$22 · spread now +0.005%, 7d avg −0.153%
=Together, before fees−0.561%+ Points / potential airdropLighter: Season 3 · farm board−$56 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 0.158% dearer against Lighter than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1756 | 0.0096 | pay 0.0012% / 1h | 54m 45s | $4.4M | $1.5M | 5x |
| Short | Bitget ZROUSDT | 1.1757 | 0.0100 | get 0.0050% / 4h | 3h 54m | $2.7M | $2.4M | 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: +0.005% → −0.153%
- $15.81
- Slippage, 4 orders
- −$58.25
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$53.6
- Costs to cover
- 0.702%
- Break-even
- 453.7 days
Slippage from Lighter: live order book, 13 min ago; Bitget: live order book, 3 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, 13 min ago | 9.92 bp | 21.3 bp −$21 | 87.5 bp −$875 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 2.97 bp | 20.9 bp −$21 | 48.2 bp −$482 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit ZROUSDT | −0.0940% | 4h | 1.1755 | −0.012% | $17.9M | $14.3M | 50x | as long as short |
| Gate ZRO_USDT | −0.0754% | 4h | 1.1750 | −0.054% | $1.4M | $1.5M | 75x | as long as short |
| ApeX Omni ZROUSDT | −0.0347% | 1h | 1.1790 | +0.286% | $37K | $687K | 50x | as long as short |
| 01 Exchange ZROUSD | −0.0240% | 1h | 1.1740 | −0.143% | $7K | $3K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1768 | +0.100% | $21K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0011% | 4h | 1.1748 | −0.071% | $21K | $7K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1756 | long leg | $4.4M | $1.5M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1765 | +0.075% | $37.3M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1767 | +0.088% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1762 | +0.043% | $136K | $172K | 5x | as long as short |
Bybit ZROUSDT
Gate ZRO_USDT
ApeX Omni ZROUSDT
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZROShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ZROUSDT | +0.0100% | 4h | 1.1759 | +0.022% | $22.1M | $30.6M | 75x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1757 | +0.005% | $3.2M | $8.1M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1760 | +0.031% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1752 | −0.037% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDTshort | +0.0100% | 4h | 1.1757 | +0.005% | $2.7M | $2.4M | 75x | |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1754 | −0.020% | — | $10.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1797 | +0.349% | $2.3M | $876K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1755 | −0.012% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1759 | +0.019% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0158% | 4h | 1.1749 | −0.063% | $1.1M | $256K | 75x | as long as short |
| Nado ZRO-PERP | +0.0247% | 1h | 1.1747 | −0.081% | $1.3M | $123K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1753 | −0.033% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1767 | +0.092% | $252K | $411K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0507% | 1h | 1.1758 | +0.014% | $97K | $204K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1820 | +0.541% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1512% | 1h | 1.1757 | +0.003% | $784K | $589K | 10x | as long as short |
Binance ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD