Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.029%
Price spread now: Bybit against Lighter−0.260%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days−0.349%−$35 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now −0.260%, 7d avg −0.158%
=Together, before fees−0.393%+ Points / potential airdropLighter: Season 3 · farm board−$39 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: Bybit is 0.101% cheaper against Lighter than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.158%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1559 | 0.0096 | pay 0.0012% / 1h | 27m 48s | $4.3M | $1.2M | 5x |
| Short | Bybit ZROUSDT | 1.1529 | 0.0100 | get 0.0050% / 4h | 2h 27m | $17.7M | $13.5M | 50x |
Lighter ZRO
Bybit ZROUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.260% → −0.158%
- −$10.15
- Slippage, 4 orders
- −$62.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$83.21
- Costs to cover
- 0.739%
- Break-even
- 700.4 days
Slippage from Lighter: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago | 12.28 bp | 12.7 bp −$13 | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.17 bp | 16.5 bp −$17 | 50.3 bp −$503 | 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 | +0.0008% | 1h | 1.1528 | −0.267% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0065% | 4h | 1.1535 | −0.208% | $20K | $4K | 10x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0092% | 1h | 1.1541 | −0.156% | $93K | $218K | 20x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1559 | long leg | $4.3M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1543 | −0.138% | $36.6M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1543 | −0.140% | $156K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1555 | −0.037% | $136K | $176K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1539 | −0.173% | $21.6M | $29.4M | 75x | as long as short |
| Bybit ZROUSDTshort | +0.0100% | 4h | 1.1529 | −0.260% | $17.7M | $13.5M | 50x | |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1532 | −0.234% | $3.1M | $7.7M | 20x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
Backpack ZRO_USDC_PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance 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 | 1.1530 | −0.251% | $1.3M | $1.5M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1538 | −0.182% | $18.9M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1535 | −0.208% | $2.3M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1522 | −0.320% | $2.6M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1530 | −0.251% | — | $16.5M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1554 | −0.046% | $2.2M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1570 | +0.095% | $39K | $677K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1544 | −0.130% | $101K | $815K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1535 | −0.208% | $20K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0108% | 4h | 1.1574 | +0.130% | $1.0M | $247K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0112% | 1h | 1.1543 | −0.135% | $4K | $5K | 5x | as long as short |
| Nado ZRO-PERP | +0.0203% | 1h | 1.1543 | −0.136% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1535 | −0.207% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0712% | 1h | 1.1555 | −0.035% | $252K | $334K | 25x | as long as short |
| Extended ZRO-USD | +0.0896% | 1h | 1.1542 | −0.149% | $791K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1343% | 1h | 1.1630 | +0.614% | $12K | $260K | 12x | as long as short |
Gate ZRO_USDT
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
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP