Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.050%
Price spread now: Lighter against Aster−0.140%7-day average +0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1281.277% of the position
Funding, last 5 days (all we have)+0.339%+$34 on $10k
+Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.140%, 7d avg +0.128%
=Together, before fees+0.622%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$62 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: Lighter is 0.267% cheaper against Aster than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.128%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ZROUSDT | 1.1811 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $158K | $160K | 10x |
| Short | Lighter ZRO | 1.1795 | 0.0096 | get 0.0012% / 1h | 12m 13s | $4.5M | $1.4M | 5x |
Aster ZROUSDT
Lighter ZROFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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: −0.140% → +0.128%
- −$26.72
- Slippage, 4 orders
- −$119.7
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$155.26
- Costs to cover
- 1.277%
- Break-even
- never at this rate
Slippage from Aster: live order book, 9 min ago; Lighter: live order book, 5 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 Aster live order book, 9 min ago | 4.64 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 9.19 bp | 16.6 bp −$17 | 87.4 bp −$874 | 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 | −0.0416% | 1h | 1.1771 | −0.340% | $7K | $3K | 5x | as long as short |
| Orderly PERP_ZRO_USDC | −0.0053% | 4h | 1.1798 | −0.112% | $21K | $7K | 10x | as long as short |
| dYdX ZRO-USD | +0.0043% | 1h | 1.1803 | −0.068% | $21K | $2K | 5x | as long as short |
| BloFin ZRO-USDT | +0.0065% | 4h | 1.1809 | −0.018% | $1.1M | $265K | 75x | as long as short |
| Lighter ZROshort | +0.0096% | 1h | 1.1795 | −0.140% | $4.5M | $1.4M | 5x | |
| Hyperliquid ZRO | +0.0100% | 1h | 1.1809 | −0.018% | $37.5M | $6.7M | 5x | as long as short |
| Aster ZROUSDTlong | +0.0100% | 4h | 1.1811 | long leg | $158K | $160K | 10x | |
| Pacifica ZRO | +0.0100% | 1h | 1.1792 | −0.162% | $142K | $193K | 5x | as long as short |
| Binance ZROUSDT | +0.0100% | 4h | 1.1791 | −0.170% | $22.3M | $33.0M | 75x | as long as short |
| Bybit ZROUSDT | +0.0100% | 4h | 1.1781 | −0.256% | $18.1M | $15.5M | 50x | as long as short |
01 Exchange ZROUSD
Orderly PERP_ZRO_USDC
dYdX ZRO-USD
BloFin ZRO-USDT
Hyperliquid ZRO
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 | 1.1790 | −0.179% | $3.2M | $9.0M | 20x | as long as short |
| Gate ZRO_USDT | +0.0100% | 4h | 1.1810 | −0.010% | $1.3M | $2.0M | 75x | as long as short |
| MEXC ZRO_USDT | +0.0100% | 4h | 1.1792 | −0.162% | $19.0M | $3.5M | 125x | as long as short |
| KuCoin ZROUSDTM | +0.0100% | 4h | 1.1808 | −0.027% | $2.9M | $1.8M | 50x | as long as short |
| Bitget ZROUSDT | +0.0100% | 4h | 1.1787 | −0.205% | $2.7M | $2.5M | 75x | as long as short |
| BingX ZRO-USDT | +0.0100% | 4h | 1.1789 | −0.188% | — | $10.9M | — | as long as short |
| Backpack ZRO_USDC_PERP | +0.0100% | 1h | 1.1796 | −0.129% | $94K | $206K | 20x | as long as short |
| Variational Omni ZRO | +0.0100% | 4h | 1.1844 | +0.282% | $2.3M | $861K | — | as long as short |
| ApeX Omni ZROUSDT | +0.0100% | 1h | 1.1850 | +0.329% | $37K | $681K | 50x | as long as short |
| Polymarket Perps ZRO-USD | +0.0100% | 1h | 1.1805 | −0.052% | $88K | $915K | 5x | as long as short |
| Aevo ZRO-PERP | +0.0104% | 1h | 1.1795 | −0.137% | $21K | — | 3x | as long as short |
| Nado ZRO-PERP | +0.0169% | 1h | 1.1791 | −0.167% | $1.3M | $130K | 5x | as long as short |
| GMX ZRO/USD [ETH-USDC] | L +0.0292% / S −0.2341% | 1h | 1.1803 | −0.071% | $3K | — | 100x | as long as short |
| Kraken Futures PF_ZROUSD | +0.0317% | 1h | 1.1809 | −0.019% | $250K | $569K | 25x | as long as short |
| Injective ZRO/USDC PERP | +0.1237% | 1h | 1.1910 | +0.837% | $12K | $175K | 12x | as long as short |
| Extended ZRO-USD | +0.1960% | 1h | 1.1791 | −0.171% | $784K | $557K | 10x | 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
Polymarket Perps ZRO-USD
Aevo ZRO-PERP
Nado ZRO-PERP
GMX ZRO/USD [ETH-USDC]
Kraken Futures PF_ZROUSD
Injective ZRO/USDC PERP
Extended ZRO-USD