Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.030%
Price spread now: Polymarket Perps against Lighter−0.137%7-day average −0.104% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days−0.454%−$45 on $10k
+Price spread, last 4 days (all we have)+0.225%+$22 · spread now −0.137%, 7d avg −0.104%
=Together, before fees−0.229%+ Points / potential airdropLighter: Season 3 · farm board−$23 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: Polymarket Perps is 0.033% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.104%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ZRO | 1.1690 | 0.0096 | pay 0.0012% / 1h | 54m 28s | $4.4M | $1.2M | 5x |
| Short | Polymarket Perps ZRO-USD | 1.1674 | 0.0100 | get 0.0013% / 1h | 54m 28s | $99K | $819K | 5x |
Lighter ZRO
Polymarket Perps ZRO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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: −0.137% → −0.104%
- −$3.32
- Slippage, 4 orders
- −$68.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$78.93
- Costs to cover
- 0.765%
- Break-even
- 664.8 days
Slippage from Lighter: live order book, 3 min ago; Polymarket Perps: live order book, 13 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, 3 min ago | 9.88 bp | 18.5 bp −$18 | 99.7 bp −$997 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 13 min ago | 3.83 bp | 7.8 bp −$8 | 9.8 bp −$98 | 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 | −0.0032% | 1h | 1.1661 | −0.248% | $4K | $5K | 5x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1668 | −0.191% | $21K | $5K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | +0.0078% | 4h | 1.1677 | −0.111% | $20K | $4K | 10x | as long as short |
| BloFin ZRO-USDT | +0.0085% | 4h | 1.1674 | −0.137% | $1.0M | $202K | 75x | as long as short |
| Lighter ZROlong | +0.0096% | 1h | 1.1690 | long leg | $4.4M | $1.2M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1682 | −0.068% | $37.0M | $5.5M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1680 | −0.090% | $158K | $151K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1667 | −0.197% | $137K | $174K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1662 | −0.240% | $21.8M | $29.4M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1664 | −0.222% | $17.9M | $13.6M | 50x | as long as short |
01 Exchange ZROUSD
dYdX ZRO-USD
Orderly PERP_ZRO_USDC
BloFin ZRO-USDT
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 | 1.1670 | −0.171% | $3.2M | $7.8M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1670 | −0.171% | $1.3M | $1.4M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1662 | −0.240% | $19.1M | $2.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1682 | −0.068% | $2.4M | $2.0M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1671 | −0.163% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1668 | −0.188% | — | $16.6M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1680 | −0.086% | $96K | $221K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1677 | −0.112% | $2.3M | $812K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1720 | +0.257% | $39K | $672K | 50x | as long as short |
| Polymarket Perps ZRO-USDshort | +0.0100% | 1h | 1.1674 | −0.137% | $99K | $819K | 5x | |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1670 | −0.171% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0252% | 1h | 1.1667 | −0.199% | $1.3M | $126K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1677 | −0.115% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0515% | 1h | 1.1686 | −0.038% | $253K | $333K | 25x | as long as short |
| Extended ZRO-USD | +0.0856% | 1h | 1.1663 | −0.232% | $799K | $625K | 10x | as long as short |
| Injective ZRO/USDC PERP | +0.1317% | 1h | 1.1730 | +0.342% | $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
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Extended ZRO-USD
Injective ZRO/USDC PERP