Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.031%
Price spread now: KuCoin against Lighter−0.234%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1421.417% of the position
Funding, last 7 days−0.344%−$34 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now −0.234%, 7d avg −0.124%
=Together, before fees−0.380%+ Points / potential airdropLighter: Season 3 · farm board−$38 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: KuCoin is 0.110% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.124%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1778 | 0.0096 | pay 0.0012% / 1h | 42m 49s | $4.4M | $1.2M | 5x |
| Short | KuCoin ZROUSDTM | 1.1750 | 0.0100 | get 0.0050% / 4h | 3h 42m | $2.4M | $2.0M | 50x |
Lighter ZRO
KuCoin ZROUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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: −0.234% → −0.124%
- −$11.02
- Slippage, 4 orders
- −$129.67
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$151.85
- Costs to cover
- 1.417%
- Break-even
- 1272.4 days
Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 4 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 | 12.76 bp | 24.1 bp −$24 | 97.2 bp −$972 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 7.65 bp | 46.0 bp −$46 | 144.0 bp −$1,440 | 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 | +0.0027% | 1h | 1.1777 | −0.001% | $21K | $4K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0048% | 4h | 1.1752 | −0.217% | $21K | $5K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0089% | 4h | 1.1750 | −0.234% | $1.1M | $250K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1778 | long leg | $4.4M | $1.2M | 5x | |
| Aster ZROUSDT | +0.0100% | 4h | 1.1757 | −0.175% | $159K | $150K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1768 | −0.080% | $137K | $178K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1745 | −0.277% | $22.0M | $29.7M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1740 | −0.319% | $17.9M | $13.9M | 50x | as long as short |
| OKX ZRO-USDT-SWAP | +0.0100% | 4h | 1.1745 | −0.277% | $3.2M | $7.9M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1750 | −0.234% | $1.3M | $1.5M | 75x | as long as short |
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
OKX ZRO-USDT-SWAP
Gate ZRO_USDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1748 | −0.251% | $19.2M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTMshort | +0.0100% | 4h | 1.1750 | −0.234% | $2.4M | $2.0M | 50x | |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1750 | −0.234% | $2.7M | $2.6M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1739 | −0.328% | — | $16.4M | — | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1770 | −0.065% | $2.3M | $809K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1770 | −0.065% | $39K | $675K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1761 | −0.141% | $100K | $850K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1748 | −0.250% | $21K | — | 3x | as long as short |
| Backpack ZRO_USDC_PERP | +0.0124% | 1h | 1.1756 | −0.183% | $98K | $220K | 20x | as long as short |
| Nado ZRO-PERP | +0.0217% | 1h | 1.1762 | −0.133% | $1.3M | $124K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0293% / S −0.2341% | 1h | 1.1753 | −0.205% | $3K | — | 100x | as long as short |
| 01 Exchange ZROUSD | +0.0312% | 1h | 1.1765 | −0.104% | $7K | $3K | 5x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0460% | 1h | 1.1772 | −0.052% | $259K | $384K | 25x | as long as short |
| Hyperliquid ZRO | +0.0507% | 1h | 1.1760 | −0.146% | $37.3M | $5.5M | 5x | as long as short |
| Extended ZRO-USD | +0.1056% | 1h | 1.1742 | −0.300% | $788K | $589K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1363% | 1h | 1.1810 | +0.275% | $12K | $261K | 12x | as long as short |
MEXC ZRO_USDT
Bitget ZROUSDT
BingX ZRO-USDT
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Backpack ZRO_USDC_PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
01 Exchange ZROUSD
Kraken Futures PF_ZROUSD
Hyperliquid ZRO
Extended ZRO-USD
Injective ZRO/USDC PERP