Funding you earn now, next payment 21:00 UTC+0.0852%/8h= +93.3% APRnext payment +$1.07 per $10,000 · paid last 24h +0.051%
Price spread now: Lighter against ApeX Omni+0.399%48s7-day average +0.155% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 3 days (all we have)−0.546%−$55 · spread now +0.399%, 7d avg +0.155%
=Together, before fees−0.214%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Lighter is 0.244% dearer against ApeX Omni than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.155%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.332% in total (about 17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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 | ApeX Omni ZROUSDT | 1.1790 | 0.0100 | pay 0.0013% / 1h | 34m 35s | $37K | $681K | 50x |
| Short | Lighter ZRO | 1.1837 | 0.0952 | get 0.0119% / 1h | 34m 35s | $4.7M | $1.1M | 5x |
ApeX Omni ZROUSDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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
- $178.92
- Price spread: +0.399% → +0.155%
- $24.41
- Slippage, 4 orders
- −$59.82
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $133.51
- Costs to cover
- 0.698%
- Break-even
- 1.8 days
Slippage from ApeX Omni: live order book, 14 min ago; Lighter: 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 ApeX Omni live order book, 14 min ago | 12.81 bp | 22.5 bp −$23 | 119.2 bp −$1,192 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 5.44 bp | 6.9 bp −$7 | 74.3 bp −$743 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ZRO-USDT-SWAP | −0.0199% | 4h | 1.1807 | +0.144% | $3.2M | $9.5M | 20x | as long as short |
| Kraken Futures PF_ZROUSD | −0.0083% | 1h | 1.1815 | +0.209% | $247K | $579K | 25x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0031% | 4h | 1.1805 | +0.127% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0029% | 1h | 1.1806 | +0.136% | $21K | $2K | 5x | as long as short |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1826 | +0.305% | $37.6M | $7.8M | 5x | as long as short |
| Aster ZROUSDT | +0.0100% | 4h | 1.1810 | +0.174% | $158K | $165K | 10x | as long as short |
| Pacifica ZRO | +0.0100% | 1h | 1.1812 | +0.185% | $144K | $210K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1809 | +0.157% | $22.4M | $35.6M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1799 | +0.076% | $18.1M | $16.8M | 50x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1800 | +0.085% | $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 | 1.1809 | +0.161% | $18.3M | $3.7M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1804 | +0.119% | $2.5M | $1.5M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1806 | +0.136% | $2.7M | $2.7M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1804 | +0.119% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1805 | +0.127% | $89K | $209K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1785 | −0.041% | $2.2M | $897K | — | as long as short |
| ApeX Omni ZROUSDTlong | +0.0100% | 1h | 1.1790 | long leg | $37K | $681K | 50x | |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1815 | +0.212% | $83K | $1.0M | 5x | as long as short |
| Extended ZRO-USD | +0.0104% | 1h | 1.1802 | +0.098% | $780K | $561K | 10x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1807 | +0.142% | $21K | — | 3x | as long as short |
| BloFin ZRO-USDT | +0.0144% | 4h | 1.1803 | +0.110% | $1.1M | $266K | 75x | as long as short |
| 01 Exchange ZROUSD | +0.0176% | 1h | 1.1816 | +0.221% | $7K | $3K | 5x | as long as short |
| Nado ZRO-PERP | +0.0266% | 1h | 1.1805 | +0.124% | $1.3M | $134K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0291% / S −0.2341% | 1h | 1.1806 | +0.132% | $3K | — | 100x | as long as short |
| Lighter ZROshort | +0.0952% | 1h | 1.1837 | +0.399% | $4.7M | $1.1M | 5x | |
| Injective ZRO/USDC PERP | +0.1022% | 1h | 1.1850 | +0.509% | $12K | $121K | 12x | as long as short |
MEXC ZRO_USDT
KuCoin ZROUSDTM
Bitget ZROUSDT
BingX ZRO-USDT
Backpack ZRO_USDC_PERP
Variational Omni ZRO
Polymarket Perps ZRO-USD
Extended ZRO-USD
Aevo ZRO-PERP
BloFin ZRO-USDT
01 Exchange ZROUSD
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Injective ZRO/USDC PERP