Funding you earn now, next payment 08:00 UTC+0.0416%/8h= +45.6% APRnext payment +$0.52 per $10,000 · paid last 24h +0.149%
Price spread now: Extended against Lighter−0.180%7-day average −0.194% · you buy dearer than you sell
Net, funding: paid 7d − costs−$372as in the Funding arb table
Net, price: spread back to 7d avg − costs−$356as in the Price arb table
costs, in and out, $10k−$3573.574% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now −0.180%, 7d avg −0.194%
=Together, before fees−0.139%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$14 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.194%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.151%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1696 | 0.0096 | pay 0.0012% / 1h | 11m 17s | $4.4M | $1.2M | 5x |
| Short | Extended ZRO-USD | 1.1675 | 0.0512 | get 0.0064% / 1h | 11m 17s | $797K | $647K | 10x |
Lighter ZRO
Extended ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $87.36
- Price spread: −0.180% → −0.194%
- $1.42
- Slippage, 4 orders
- −$352.38
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$268.6
- Costs to cover
- 3.574%
- Break-even
- 28.5 days
Slippage from Lighter: live order book, 11 min ago; Extended: live order book, 27 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, 11 min ago | 11.80 bp | 12.3 bp −$12 | 86.6 bp −$866 | doesn't fit | doesn't fit |
| Sell Extended live order book, 27 min ago | 13.70 bp | 18.4 bp −$18 | doesn't fit | 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 | +0.0006% | 1h | 1.1682 | −0.116% | $21K | $5K | 5x | as long as short |
| 01 Exchange ZROUSD | +0.0016% | 1h | 1.1690 | −0.051% | $4K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0085% | 4h | 1.1688 | −0.065% | $20K | $4K | 10x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1696 | long leg | $4.4M | $1.2M | 5x | |
| Nado ZRO-PERP | +0.0100% | 1h | 1.1686 | −0.079% | $1.3M | $125K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1698 | +0.021% | $37.1M | $5.3M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1689 | −0.057% | $157K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1676 | −0.170% | $137K | $165K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1680 | −0.137% | $21.9M | $28.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1675 | −0.176% | $17.8M | $13.0M | 50x | as long as short |
dYdX ZRO-USD
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
Nado ZRO-PERP
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1682 | −0.116% | $3.2M | $7.6M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1680 | −0.133% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1679 | −0.142% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1682 | −0.116% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1675 | −0.176% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1685 | −0.091% | — | $21.7M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1661 | −0.296% | $94K | $213K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1620 | −0.649% | $2.3M | $759K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1670 | −0.219% | $39K | $669K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1693 | −0.022% | $99K | $809K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1679 | −0.141% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0133% | 4h | 1.1680 | −0.133% | $1.0M | $199K | 75x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1682 | −0.116% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0431% | 1h | 1.1700 | +0.036% | $254K | $291K | 25x | as long as short |
| Extended ZRO-USDshort | +0.0512% | 1h | 1.1675 | −0.180% | $797K | $647K | 10x | |
| Injective ZRO/USDC PERP | +0.1271% | 1h | 1.1730 | +0.294% | $12K | $261K | 12x | as long as short |
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
BloFin ZRO-USDT
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP