Funding you earn now, next payment 21:00 UTC+0.0856%/8h= +93.7% APRnext payment +$1.07 per $10,000 · paid last 24h +0.050%
Price spread now: Lighter against Aevo+0.273%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.273% dearer against Aevo than usual: you sell high and buy low: +$27 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo ZRO-PERP | 1.1790 | 0.0104 | pay 0.0013% / 1h | 39m 27s | $21K | — | 3x |
| Short | Lighter ZRO | 1.1822 | 0.0960 | get 0.0120% / 1h | 39m 27s | $4.7M | $1.1M | 5x |
Aevo ZRO-PERP
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aevo. 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
- $179.76
- Price spread: +0.273% → 0.000%
- $27.28
- Slippage, 4 orders
- no order book: not counted
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $191.04
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Aevo: no order-book sample; Lighter: live order book, 9 min ago. 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 Aevo no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 9 min ago | 9.84 bp | 14.7 bp −$15 | 72.1 bp −$721 | doesn't fit | doesn't fit |
Aevo: 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0230% | 4h | 1.1779 | −0.093% | $3.2M | $9.5M | 20x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0083% | 1h | 1.1813 | +0.191% | $250K | $579K | 25x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0031% | 4h | 1.1796 | +0.051% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | 0.0000% | 1h | 1.1795 | +0.041% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1792 | +0.017% | $37.5M | $7.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1802 | +0.102% | $158K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1791 | +0.009% | $143K | $210K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1782 | −0.070% | $22.3M | $35.9M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1788 | −0.016% | $18.1M | $16.9M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1790 | +0.001% | $1.3M | $2.1M | 75x | as long as short |
OKX ZRO-USDT-SWAP
Kraken Futures PF_ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
Hyperliquid ZRO
Aster ZROUSDT
Pacifica ZRO
Binance ZROUSDT
Bybit ZROUSDT
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 | 1.1782 | −0.067% | $18.2M | $3.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1796 | +0.051% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1782 | −0.067% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1787 | −0.025% | — | $11.0M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1812 | +0.187% | $89K | $209K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1727 | −0.533% | $2.2M | $897K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1700 | −0.763% | $37K | $682K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1786 | −0.033% | $83K | $1.1M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1783 | −0.059% | $780K | $569K | 10x | as long as short |
| Aevo ZRO-PERPlong | +0.0104% | 1h | 1.1790 | long leg | $21K | — | 3x | |
| BloFin ZRO-USDT | +0.0113% | 4h | 1.1742 | −0.407% | $1.1M | $266K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0176% | 1h | 1.1795 | +0.040% | $7K | $3K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1797 | +0.058% | $3K | — | 100x | as long as short |
| Nado ZRO-PERP | +0.0315% | 1h | 1.1781 | −0.075% | $1.3M | $134K | 5x | as long as short |
| Lighter ZROshort | +0.0960% | 1h | 1.1822 | +0.273% | $4.7M | $1.1M | 5x | |
| Injective ZRO/USDC PERP | +0.1022% | 1h | 1.1750 | −0.339% | $12K | $121K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
ApeX Omni ZROUSDT
Polymarket Perps ZRO-USD
Extended ZRO-USD
BloFin ZRO-USDT
01 Exchange ZROUSD
GMX ZRO/USD [ETH-USDC]
Nado ZRO-PERP
Injective ZRO/USDC PERP