ZRO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.2245%/8h= +245.8% APRnext payment +$2.81 per $10,000 · paid last 24h +0.865%

Price spread now: GMX against Lighter−0.180%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.180% cheaper against Lighter than usual: you would sell low and buy high (spread −0.180% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 6 hours of funding at the current rate (+$67 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ZRO	1.1621	0.0096	pay 0.0012% / 1h	39m 23s	$4.3M	$1.2M	5x
Short	GMX ZRO/USD [ETH-USDC]	1.1600	L +0.0292% / S −0.2341%	get 0.0293% / 1h	39m 23s	$3K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.180%Rate

Funding earned: $471.49
Price spread: −0.180% → 0.000%: −$18
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $441.49
Costs to cover: 0.120%
Break-even: 0.4 days

Slippage unknown: Lighter: live order book, 13 min ago; GMX: no order-book sample. Net counts fees only.

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	11.42 bp	30.4 bp −$30	87.9 bp −$879	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0011%	1h	1.1611	−0.085%	$21K	$4K	5x	as long as short
01 Exchange ZROUSD	+0.0016%	1h	1.1599	−0.183%	$7K	$3K	5x	as long as short
Orderly PERP_ZRO_USDC	+0.0037%	4h	1.1592	−0.247%	$20K	$5K	10x	as long as short
Backpack ZRO_USDC_PERP	+0.0085%	1h	1.1615	−0.049%	$108K	$207K	20x	as long as short
Lighter ZROlong	+0.0096%	1h	1.1621	long leg	$4.3M	$1.2M	5x
BloFin ZRO-USDT	+0.0098%	4h	1.1586	−0.299%	$1.1M	$246K	75x	as long as short
Aster ZROUSDT	+0.0100%	4h	1.1602	−0.164%	$156K	$150K	10x	as long as short
Pacifica ZRO	+0.0100%	1h	1.1599	−0.187%	$135K	$178K	5x	as long as short
Binance ZROUSDT	+0.0100%	4h	1.1594	−0.226%	$21.7M	$29.8M	75x	as long as short
Bybit ZROUSDT	+0.0100%	4h	1.1593	−0.238%	$17.7M	$13.9M	50x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ZRO-USDT-SWAP	+0.0100%	4h	1.1590	−0.264%	$3.1M	$7.9M	20x	as long as short
Gate ZRO_USDT	+0.0100%	4h	1.1590	−0.264%	$1.3M	$1.5M	75x	as long as short
MEXC ZRO_USDT	+0.0100%	4h	1.1597	−0.204%	$19.0M	$2.7M	125x	as long as short
KuCoin ZROUSDTM	+0.0100%	4h	1.1588	−0.281%	$2.4M	$2.0M	50x	as long as short
Bitget ZROUSDT	+0.0100%	4h	1.1589	−0.273%	$2.6M	$2.6M	75x	as long as short
BingX ZRO-USDT	+0.0100%	4h	1.1597	−0.204%	—	$16.5M	—	as long as short
Variational Omni ZRO	+0.0100%	4h	1.1567	−0.459%	$2.2M	$811K	—	as long as short
ApeX Omni ZROUSDT	+0.0100%	1h	1.1570	−0.436%	$39K	$673K	50x	as long as short
Polymarket Perps ZRO-USD	+0.0100%	1h	1.1604	−0.144%	$95K	$855K	5x	as long as short
Aevo ZRO-PERP	+0.0104%	1h	1.1605	−0.135%	$20K	—	3x	as long as short
Nado ZRO-PERP	+0.0187%	1h	1.1601	−0.172%	$1.3M	$125K	5x	as long as short
GMX ZRO/USD [ETH-USDC]short	L +0.0292% / S −0.2341%	1h	1.1600	−0.180%	$3K	—	100x
Kraken Futures PF_ZROUSD	+0.0383%	1h	1.1612	−0.071%	$255K	$404K	25x	as long as short
Hyperliquid ZRO	+0.0435%	1h	1.1609	−0.101%	$36.7M	$5.5M	5x	as long as short
Injective ZRO/USDC PERP	+0.1186%	1h	1.1640	+0.166%	$12K	$260K	12x	as long as short
Extended ZRO-USD	+0.1208%	1h	1.1591	−0.256%	$776K	$590K	10x	as long as short