Funding you earn now, next payment 01:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.031%
Price spread now: BloFin against Lighter−0.234%7-day average −0.179% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days−0.348%−$35 on $10k
+Price spread, last 3 days (all we have)+0.005%+$1 · spread now −0.234%, 7d avg −0.179%
=Together, before fees−0.342%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.056% cheaper against Lighter than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of −0.179%). If the spread goes back, that is −$6 on $10k: about 6.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.348%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1744 | 0.0096 | pay 0.0012% / 1h | 48m 47s | $4.4M | $1.5M | 5x |
| Short | BloFin ZRO-USDT | 1.1717 | 0.0126 | get 0.0063% / 4h | 3h 48m | $1.1M | $255K | 75x |
Lighter ZRO
BloFin ZRO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $6.33
- Price spread: −0.234% → −0.179%
- −$5.56
- Slippage, 4 orders
- −$43.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$54.83
- Costs to cover
- 0.556%
- Break-even
- 67.6 days
Slippage from Lighter: live order book, 4 min ago; BloFin: 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, 4 min ago | 8.10 bp | 15.1 bp −$15 | 85.8 bp −$858 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 3 min ago | 0.85 bp | 17.6 bp −$18 | 38.7 bp −$387 | 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 | −0.0176% | 1h | 1.1730 | −0.123% | $7K | $3K | 5x | as long as short |
| Gate ZRO_USDT | −0.0154% | 4h | 1.1730 | −0.123% | $1.3M | $1.5M | 75x | as long as short |
| ApeX Omni ZROUSDT | −0.0030% | 1h | 1.1760 | +0.132% | $37K | $688K | 50x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0012% | 4h | 1.1739 | −0.047% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0024% | 1h | 1.1739 | −0.050% | $21K | $3K | 5x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1744 | long leg | $4.4M | $1.5M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1740 | −0.038% | $37.2M | $5.9M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1743 | −0.011% | $157K | $149K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1734 | −0.089% | $136K | $171K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1735 | −0.080% | $22.1M | $30.5M | 75x | as long as short |
01 Exchange ZROUSD
Gate ZRO_USDT
ApeX Omni ZROUSDT
Orderly PERP_ZRO_USDC
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 | 1.1730 | −0.123% | $17.9M | $14.2M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1734 | −0.089% | $3.2M | $8.1M | 20x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1734 | −0.089% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1724 | −0.175% | $2.4M | $1.9M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1724 | −0.175% | $2.7M | $2.4M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1735 | −0.081% | — | $14.7M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1734 | −0.092% | $2.3M | $874K | — | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1743 | −0.013% | $91K | $830K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1741 | −0.027% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDTshort | +0.0126% | 4h | 1.1717 | −0.234% | $1.1M | $255K | 75x | |
| Nado ZRO-PERP | +0.0253% | 1h | 1.1728 | −0.144% | $1.3M | $129K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1738 | −0.059% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0302% | 1h | 1.1757 | +0.103% | $252K | $412K | 25x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0309% | 1h | 1.1746 | +0.013% | $99K | $206K | 20x | as long as short |
| Injective ZRO/USDC PERP | +0.1190% | 1h | 1.1770 | +0.217% | $12K | $260K | 12x | as long as short |
| Extended ZRO-USD | +0.1488% | 1h | 1.1728 | −0.139% | $780K | $589K | 10x | as long as short |
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Backpack ZRO_USDC_PERP
Injective ZRO/USDC PERP
Extended ZRO-USD